Greetings from the Dopeverse!
We’re excited to resume our LP rewards program for our DPANDA token holders. The following article shares the information and instructions to participate in the LP rewards program :
What is the LP Rewards Program ?
DopePanda’s LP rewards program lets you earn DPANDA while holding the Algo/DPANDA LP on Tinyman.
To take part in the LP rewards program, add liquidity on the Algo DPANDA pool before the weekly snapshot is taken, and hold till the end of week reward distribution. See the reward schedule for more information.
Each week we distribute 2,000,000 DPANDA tokens to our LP holders based on the percentage of their LP holdings.
To see your LP holding and reward visit our LP leaderboard
https://dopepanda.org/lp-leaderboard
These rewards are in addition to the pool fees earned via Tinyman.
What is the rewards schedule ?
Each weekly cycle consists of 2 key dates, the first date is to ensure you have the desired amount of LP locked in, and the second date is when the rewards are distributed. The key dates for the remaining schedule are as follows:
Week 4
Lock your LP by 4pm UTC on the 25th of Jan 2022
Rewards distributed on the 30th of Jan 2022
Week 5
Lock your LP by 4pm UTC on the 30th of Jan 2022
Rewards distributed on the 6th of Feb 2022
Week 6
Lock your LP by 4pm UTC on the 6th of Feb 2022
Rewards distributed on the 13th of Feb 2022
How to setup Algo/DPANDA LP ?
To setup an LP, you will need to head over to Tinyman and add liquidity to the ALGO—DPANDA pool.
Follow the link below to visit Tinyman’s Pool Page:
https://app.tinyman.org/#/pool/add-liquidity?asset_1=0&asset_2=391379500
If you don’t hold any DPANDA, you need to buy some with Algo on the Tinyman Swap.
Once you’re on the Tinyman pool page, you will need to determine the amount of Algo/DPANDA you’re willing to add liquidity for, and complete the transaction.
You will shortly receive TM11POOL tokens representing your share of the liquidity pool.
Once you’ve added liquidity, head over to the LP leaderboard to see how you rank among other LP holders!
https://dopepanda.org/lp-leaderboard
On this dashboard, you may track your live stake and weekly snapshot to calculate your upcoming reward and the return on your LP (APY).
How will I get rewarded ?
Rewards are distributed automatically to all LP holders who are eligible at the end of each week.
If you’re eligible, you will receive your rewards on Sunday, between 4pm — 5pm UTC of each respective week.
About DopePanda
DopePanda aims to bridge DeFi and Crowdfunding with the Creator Economy. Leveraging the power of fractional NFTs and our unique approach to subscriptions; creators can seamlessly share, monetize content and engage with their audience.
