The Liquidity Program v2 will start on July 2 at 09:00 UTC as a short-term liquidity program by the community governance.
Here is a summary of the program.
This program rewards the liquidity providers on DEV:ETH pool on Uniswap v2 with DEV.
Liquidity providers need to stake LP tokens on Uniswap v2 on Liquidity Program v2. Simply put, the more LP tokens you stake, and the longer you stake, the more rewards you will earn. The rewards will be determined based on the proportion between “the total amount of LP tokens you have staked” multiplied by “the time you have staked” and that value in the program’s total.
Geyser has a concept called reward multiplier. This value increases linearly over the first month of staking and increasing the rewards you can earn. In the Liquidity Program v2, the reward multiplier increases to 5x over the first month.
The maximum reward is 10,000 DEV. However, if the APY falls below 30%, an additional 8,000 DEV will be added. The APY is calculated by multiplying the total reward amount by the total amount of DEV staked in the Liquidity Program v2 (calculated from the total amount of LP tokens staked).
The Liquidity Program v2 period is from July 2 at 9:00 UTC to September 2 at 9:00 UTC.
|Target pool||DEV:ETH on Uniswap v2|
|Reward||10,000 DEV (However, if the APY falls below 30%, an additional 8,000 DEV will be added)|
|Reward Multiplier||5x over a month|
|Period||July 2 at 9:00 UTC to September 2 at 9:00 UTC|
If you are already using Liquidity Program v1, we recommend, at 9:00 UTC on July 3 (or later), you unstake all of your Liquidity Program v1 and migrate to Liquidity Program v2.
When you unstake your Liquidity Program v1, you will receive the LP tokens you staked and DEV as your reward. To maximize your Liquidity Program v2’s reward, add DEV and paired ETH to the liquidity pool on Uniswap v2 to increase your LP tokens, then stake all your LP tokens on the Liquidity Program v2.
There is no need to remove the liquidity you provided on Uniswap v2. Your LP token’s balance represents your share of the Uniswap v2 liquidity pool; the liquidity pool automatically manages the total amount of DEV:ETH and automatically reflects the Uniswap swapping fees and rate fluctuations. So you don’t have to remove your LP tokens temporarily to migrate to the Liquidity Program v2.
If you have any unanswered questions, please comment on this forum post.