Announcing 2nd round DENA Liquidity Farming Program

DeNations
3 min readJan 11, 2021

Thank you for participating in the 1st round liquidity farming. January 13th 2021 12:00 am UTC, the 1st round farming program ends and a new program (2nd round) starts simultaneously. The program starts at January 13th 2021 12:00 am UTC, and runs to February 10th 2021 12:00 am UTC (28 days).

For participant of 1st round farming,

  • You need to DO NOTHING to participate 2nd round farming (automatically registered.)

Participating pools are

  1. DENA-ETH Liquidity Farming Pool (Uniswap) *Extended
    Add Liquidity
  2. DENA-DAI Liquidity Farming Pool (Uniswap) *Extended
    Add Liquidity

Details about 2 pools are as below,

  • Pool Size
    6,000 DENA will be allocated per pool (2 pools, Total 12,000 DENA)
  • Farming Period
    January 13th 2021 12:00 am UTC, and runs to February 10th 2021 12:00 am UTC (28 days).
  • Farming Rate
    214.2857 DENA per pool per day
    0.034722 DENA per pool per block (14s block time)
  • Farming Power
    1. DENA-ETH Liquidity Farming Pool: # of UNI-V2 LP Tokens
    2. DENA-DAI Liquidity Farming Pool: # of UNI-V2 LP Tokens
    #of LP tokens received is proportional to the amount of liquidity you provide.

For new participant, follow below steps to participate.

  • Check conditions of two DENA liquidity mining pools
    Go to https://app.de-na.com/#/dena
    Realtime APR/APY may differ between 2 pools depending on total staked tokens.
  • Check conditions of two DENA liquidity pools
    Uniswap DENA-ETH: Requires 50% value of DENA- 50% of value of ETH.
    Uniswap DENA-DAI: Requires 50% value of DENA- 50% of value of DAI.
  • Decide which pool to participate and get required tokens
    1. Get DENA at Uniswap>
    2. Get DAI >
  • Add Liquidity and get LP (Liquidity Provider) Token of below pools
    1. DENA/ETH pool at Uniswap
    2. DENA/DAI pool at Uniswap
    Tutorial>
  • Stake (Deposit) LP token
    1. Press Deposit Button

2. Press Deposit Button

  • Check your farmed DENA
  • Claim your farmed DENA
    You will still be able to mine DENA even if you claim farmed DENA.
  • Unstake (Withdraw) LP token and farmed DENA
    You will not able to mine DENA afterwards.

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