Synthetix retains the momentum going with one other 4 weeks of Base LP rewards and supply extra alternatives for LPs to earn whereas merchants get pleasure from deeper market liquidity.
Extension Timeline
This system is prolonged for an additional 4 weeks, break up into two phases:
Feb 11 – Feb 25: For 2 weeks, rewards apply to the whole vault (USDC + stataUSDC LPs).Feb 25 – Mar 11: For one more 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 can 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.
Tips on how to Be 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, try the Synthetix Docs.
Maintain stacking, maintain incomes, and keep based mostly!
