Hello Incognito supporters,
After mining rewards for pPancake, we are excited to announce that liquidity mining for the Incognito exchange has also launched. Liquidity providers can now earn PRV taken from Incognito DAO in addition to trading fees.
The following are the initial parameters of liquidity mining. They are, again, subject to change depending on the exchange’s situations (e.g. marketing and partnership strategies).
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50% of DAO is for the liquidity mining rewards.
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80% of the liquidity mining rewards are for liquidity providers (LPs), 20% for limit order placers (yes, a user also earns rewards once his/her orders are filled).
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Distribution percents from the rewards for pools are shown in the following table:
| Token 1 | Token 2 | Percent | Est APR for LPs (from liquidity mining rewards only) |
|---|---|---|---|
| PRV | BTC | 19% | 8.69% |
| PRV | ETH | 17% | 8.94% |
| PRV | XMR | 17% | 8.18% |
| PRV | USDT | 20% | 8.85% |
| PRV | LTC | 5% | 7.05% |
| PRV | BNB (BSC) | 4% | 8.60% |
| PRV | MATIC (ERC20) | 4% | 7.89% |
| PRV | DASH | 1% | 9.70% |
| PRV | ZEC | 1% | 7.15% |
| USDT | USDC | 4% | 5.95% |
| USDT | DAI | 4% | 5.93% |
| USDT | BUSD (BSC) | 4% | 5.95% |
The estimated APRs are based on liquidity and token prices at the time of writing.
The rewards are accumulated into PRV collected on the Earn > Rewards page in the app.
It is our goal to have the community vote on the reward split and percentages, however, the mechanism to do this is not currently designed.
So how do you take advantage of this? Do you need to update the app? Nope, this was rolled out on the backend and is live right now. Feel free to check it out and make some trades.
Thank you!