Introducing Double Reward Farms for Trisolaris
What’s coming?
We have partnered up with the Aurora team and will be adding boosted farming rewards in $AURORA in addition to $TRI rewards for the following two farms:
- TRI-AURORA (new farm!)
- AURORA-ETH
The boosted AURORA double rewards will last for 3 months.
Pool Emissions and path forward
There will now be 8 liquidity mining pools on Trisolaris. We are keeping the overall emissions of TRI per block the same (5 TRI per block). Hence in order to accommodate the new TRI<>AURORA farm, we will be re-allocating TRI from other farms.
Key Takeaway: We will be slightly reducing the amount of TRI rewarded to all non-TRI related pools and most importantly not changing the amount of TRI allocated to the TRI<>WNEAR pool.
Here are the new allocations for the farming pools after the launch of double rewards:
- TRI-wNEAR: 22%
- wNEAR-ETH: 13%
- wNEAR-USDC: 13%
- wNEAR-USDT: 13%
- USDC-USDT: 12%
- wNEAR-WBTC: 13%
- AURORA-ETH: 4% (+ Extra AURORA rewards)
- TRI-AURORA: 10% (+ Extra AURORA rewards)
AURORA rewards APR will display once rewards go live
Short term
In the short term as we partner with more projects in the ecosystem, pool allocations may continue to change slightly to accommodate uniform TRI emissions. However, the guiding principle that will remain is that TRI farms will retain the lions share of TRI rewards.
Medium + Long Term
One of the key utilities for the TRI token is governance. As such, once the governance infrastructure on AURORA becomes more mature, we aim to set up an official governance forum where TRI holders can vote on pools and emissions to bring new incentivized pair ideas for the community.
How to get ready?
Our double rewards pools will require staking LP tokens in a new farming contract we have deployed. Because of this, if you are currently farming on the AURORA-ETH pool, you will need to migrate funds over from the old single rewards pool to the new double rewards pool.
The old AURORA-ETH pool is moved to the bottom of the farms page (under “Legacy Pools”):
You will have to unstake your LP tokens from the old AURORA-ETH pool and re-stake them in the new double rewards farm. The new dual reward farms are nearer to the top of the farms page now and should look like the below:
The legacy pool will continue to give out rewards until noon UTC Sunday Dec 12th. On this date, we will turn off TRI rewards for the legacy pool.
24 hours later on noon UTC Monday Dec 13th, we will then turn on TRI and AURORA rewards for both the new TRI-AURORA farm and the new AURORA-ETH dual rewards farm and APRs will begin to show.
Next steps
You can start staking your LP tokens and/or moving your liquidity over to the new farms beginning today.
You have over 3 days to fully migrate from the legacy AURORA-ETH farm to the new dual rewards one. If you don’t get to move your liquidity in time don’t worry — we will continue to show the legacy farm in the UI at the bottom of the farms page for the foreseeable future even though it won’t be giving out any rewards.
Our team has set up the infrastructure to enable multiple reward pools now and will soon be collaborating with more projects in the ecosystem to launch multiple rewards farming pairs. We have a lot more in store to be released over the coming weeks.
Happy farming! 🧑🌾
