Announcing a new DENA Liquidity Farming Program (1st Round)

DeNations
3 min readDec 15, 2020

Thank you for participating in the kickoff liquidity mining. At 0:00 on December 16 UTC, the kickoff mining program ends and a new program (1st round) starts simultaneously. The program starts at December 16th, 2020, 12:00 am UTC and runs to January 13th 2021 12:00 am UTC (28 days).

Participating pools are

  1. DENA-ETH Liquidity Farming Pool (Uniswap) *Extended
    Add Liquidity
  2. DENA-DAI Liquidity Farming Pool (Uniswap) *New
    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)
  • Mining Period
    December 16th, 2020, 12:00 am UTC and runs to January 13th 2021 12:00 am UTC (28 days).
  • Mining Rate
    214.2857 DENA per pool per day
    0.034722 DENA per pool per block (14s block time)
  • Mining Power
    1. DENA-ETH Liquidity Mining Pool: # of UNI-V2 LP Tokens
    2. DENA-DAI Liquidity Mining Pool: # of BPT Tokens
    #of LP tokens received is proportional to the amount of liquidity you provide.

For participant of kick-off mining,

  • Uniswap DENA-ETH kickoff mining farm participants
    DO NOTHING! You can automatically participate a 1st round liquidity farming program and earn DENA without any action.
  • Balancer DENA-DAI kickoff mining farm participants
    You can migrate your fund to a new Uniswap DENA-DAI farm to farm DENA. Otherwise you can leave your fund at a Balancer to collect 0.3% trading fee.

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

--

--