Claim will open CLAIM/DAI liquidity mining on the BSC chain of Dodo on June 7
Claim will open CLAIM/DAI liquidity mining on the BSC of DODO on June 7
Claim will be joining the DODO Booster Program and kicking off a 4-week CLAIM/DAI liquidity mining campaign, where the pool’s liquidity providers will be rewarded with CLAIM tokens and DODO tokens.
The details are as follows:
Event Period
Campaign Start Block Number: 8084085 (approximately June 7th, 2021 at 4:00 PM UTC+8 (Singapore Time))
Campaign End Block Number: 8890485 (approximately July 5th, 2021 at 4:00 PM UTC+8 (Singapore Time))
How to Participate
During the campaign, users who add funds to the CLAIM/DAI liquidity pool on the DODO Binance Smart Chain (BSC) platform will receive DLP tokens, and by staking these DLP tokens users will receive CLAIM tokens and DODO tokens as liquidity mining rewards.
CLAIM/DAI Liquidity Pool Address: 0x54fe72abfb066f52155d29f5dd948630d1eddd7e
Note: Market making and liquidity provision involve risk of loss and are not suitable for every user. The valuation and prices of token assets may fluctuate substantially, and, as a result, users may see profits that are below expectations, or even sustain losses.
A how-to guide to liquidity mining on DODO:
Rewards Distribution
DODO Tokens:
Normally, the mining rewards for the first week is $7,500 worth of DODO tokens. However, thanks to Super Booster, the total value of the mining rewards during the first week of the Claim campaign will be two times the normal amount, meaning that $15,000 worth of DODO tokens will be up for grabs from June 7 to June 14, 2021, UTC+8.
After the first week, DODO will continue to re-adjust the weekly reward value every Monday, based on the total trading volume from the previous week, and the maximum value for a week’s mining rewards could be as high as $45,000 worth of DODO tokens.
CLAIM Tokens:
Claim is scheduled to release 11,792.5 BEP-20 CLAIM tokens (0.05849 CLAIM per block) every week, and a total of 47,170 CLAIM tokens are expected to be released over the course of the campaign.
CLAIM Token Contract Address: 0x13154efe79d4d7f86407d56f8f6a1b07fb0b80ff
Determination of Weekly Rewards
As mentioned previously, the total reward value starting from the second week of the campaign could vary based on the trading volume from the previous week. The weekly reward value is determined by the following rules:
If the total trading volume of the current week is no greater than $5,000,000, the reward value for the next week will be capped at $7,500 worth of DODO tokens.
If the total trading volume of the current week is between $5,000,000 and $10,000,000, the reward value for the next week will be capped at $15,000 worth of DODO tokens.
If the total trading volume of the current week is between $10,000,000 and $15,000,000, the reward value for the next week will be capped at $30,000 worth of DODO tokens.
If the total trading volume of the current week is greater than or equal to $15,000,000, the reward cap for the next week will be capped at $45,000 worth of DODO tokens.
About DODO
DODO is a decentralized exchange built on the proactive market maker (PMM) algorithm. DODO provides the competitive prices for DEX traders and reduced impermanent loss (IL) for liquidity providers. In addition, DODO offers a zero barrier-to-entry token issuance mechanic. For a comprehensive information on DODO and our mission.
