Synthetix retains the momentum going with one other 4 weeks of Base LP rewards and provide extra alternatives for LPs to earn whereas merchants take pleasure in deeper market liquidity.
Extension Timeline
This system is prolonged for one more 4 weeks, break up into two phases:
Feb 11 – Feb 25: For 2 weeks, rewards apply to your complete vault (USDC + stataUSDC LPs).Feb 25 – Mar 11: For an additional two weeks, rewards apply solely to stataUSDC LPs.
Weekly Rewards
Every week, LPs now earn a pro-rata share of:
Over the 4 weeks, a complete of 60,000 SNX and 60,000 USDC shall be distributed, giving stataUSDC LPs a novel alternative to stack yield from Aave staked USDC on high of buying and selling charges and the rewards from Synthetix.
The best way to Be a part of
Turning into an LP is simple:
Deposit USDC or stataUSDC on the Synthetix Liquidity App.Rewards accrue each block and could be claimed at any time through the app.
For extra particulars, take a look at the Synthetix Docs.
Hold stacking, preserve incomes, and keep primarily based!
