Hi readers!!
StaFi Protocol and Liqee will be live on 27 August, 2021 to integrate 3 rTokens rETH, rDOT and rATOM as the first batch of staking derivative assets on its launch.
The partnership enable users rETH, rDOT and rATOM as collaterals to borrow PoS staking assets for example (supplying rDOT to borrow DOT or mint $USX (US dollar pegged stablecoin launched by dForce) .
In order to encourage the rToken users to experience the staking derivative lending products on Liqee, StaFi will jointly work with Liqee and dForce to launch the yield farming campaign for the rToken users on 12:00pm UTC, 27 August, 2021.
About the campaign
Campaign Introduction
The Third-party Yield farming campaign includes Three parts
Part 1: Incentives for Minting rETH/rDOT/rATOM Tokens
1)StaFi will launch a FIS token reward pool valued at 700,000 USDT to reward the users who stake the ETH/DOT/ATOM three tokens through StaFi rToken App. The FIS rewards pool are allocated as the following:
Minting rETH: 200,000 usdt valued FIS tokens
Minting rDOT: 250,000 usdt valued FIS tokens;
Minting rATOM: 250,000 usdt valued FIS tokens;
2)The more ETH/DOT/ATOM tokens you stake through StaFi rToken App, the more FIS token rewards you will receive.
3)Users could directly claim the FIS rewards to his or her StaFi address on StaFi’s rPool App;
4)The FIS rewards have a daily vesting period over 3 months
5)The FIS rewards are StaFi chain native, so please make sure you have the Polkadot JS wallet first before claiming the rewards.
Check the Guide on Adding Polkadot JS wallet.
Part 2: Incentives for Supplying rETH/ETH and Borrowing ETH/USX on Liqee Ethereum DApp
1)Anyone who supplies rETH and ETH tokensand then borrows ETH or USX stable coins on Liqee Ethereum DApp are entitled to win the rewards
2)Both Supplying and borrowing will be rewarded
3)Start from 12:00pm UTC, 27 August, 2021
4)A weekly total of 56,000 LQE, 1,260 FIS, 10,000 DF will be distributed through liquidity mining to users participating in lending, borrowing and minting USX (USD stablecoin launched by dForce) on Liqee, with the following gauge:
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Part 3: Incentives for Supplying rTokens/PoS tokens/USX and Borrowing PoS tokens/USX on Liqee BSC DApp
1)Anyone who supplies rETH/rDOT/rATOM and ETH/DOT/ATOM tokens, and then borrows ETH/DOT/ATOM or USX stable coins on Liqee BSC DApp are entitled to win the rewards
2)Both Supplying and borrowing will be rewarded
3)Start from 12:00pm UTC, 27 August, 2021
4)A weekly total of 101,500 LQE, 8,740 FIS, 10,000 DF will be distributed through liquidity mining to users participating in lending, borrowing and minting USX (USD stablecoin launched by dForce) on Liqee, with the following gauge:
Special Note
Participants can view the balance of mined LQE on Liqee, but cannot claim and withdraw LQE to your wallet before the Token Generation Event (TGE), and may be subject to vesting or lock-up schedule after the TGE.
Participants are able to view and claim accrued FIS on Liqee, and withdraw FIS to their wallet at any time.
Participants can also view the balance of minted DF on Liqee, but can only claim and withdraw DF to wallet after 12:00pm UTC, 10 September, 2021.
References
https://link.medium.com/8vabp1jH2ib
About StaFi Protocol
StaFi is the first DeFi protocol that unlock the liquidity of staked assets.
Website: www.stafi.io
rToken App: https://app.stafi.io
Twitter: @Stafi_Protocol
Telegram Chat: https://t.me/stafi_protocol
Telegram Announcements: https://t.me/stafi_ann
Discord: https://discord.com/invite/jB77etn
Forum: https://commonwealth.im/stafi