Yield Liquidity Mining Campaign
Pool ETH, get more ETH in return!
Bear markets got you down? Are you looking for yield that doesn’t seem to exist? Yield Protocol’s got your back! To test Yield Protocol’s liquidity mining reward contracts, Yield’s dev team is sponsoring the first liquidity mining rewards for the protocol. We are launching one of a kind liquidity mining program where our LPs deposit ETH into our liquidity pool, and get a reward in ETH. See details below.
Program Details
This liquidity mining program starts December 1st and will last for 30 days until December 31st. Liquidity mining applies to the ETH December pool on Mainnet (Arbitrum ETH pools are excluded from this event).
ETH Distribution
A total of 10 ETH will be distributed pro rata to the participating LPs. Based on $1 million in new ETH capital, LPs would earn over 10% on their collateral. That is insanely good in these market conditions.
Liquidity Mining Goals
We are doing this campaign to test out our liquidity mining contracts as we work on upgrades. The goal is to ensure a smooth experience for all users and resolve any outstanding technical issues. This may open the door to further liquidity mining campaigns in the future.
Ways To Earn
Beneath the hood, there are actually 4 ways you’re earning returns when you LP into Yield Protocol.
- Base assets like USDC, Dai and ETH earn yield for supplying in the Euler markets when not being used for facilitating trading
- fyTokens assets earn interest based on maturity duration
- Trades between fyTokens and base assets earn additional fees
- ETH is paid pro-rata based on your pooled assets
Quickstart Guide
This guide will show you how you can participate, step-by-step.
- Go to https://app.yieldprotocol.com/pool
- From the dropdown, select ETH as the asset to LP. Enter the amount of ETH that you wish to LP.
3. Select the ETH December series and click Next Step.
4. After clicking Next Step, you will be taken to a confirmation page. Review the terms of your LP and click Pool to launch a transaction.
