As stated in yesterday's announcement post, liquidity rewards for SEED LP's were coming soon®. Fortunately for us all, 'soon' means 'now' and liquidity rewards are already activated.
You can start depositing your SEED paired with SWAP.HIVE on Tribaldex and Beeswap. I ffind beeswap much more intuitive, but the decision is yours (different frontend, same backend like with HE and Leodex).
The first payment will be in around 24h after this post (rewards are being paid daily, not continuously, so you're not in a rush anyway).
Let's go with the details.
Why 'Pre'-Yield farming rewards?
Probably many of you noticed the 'Pre' in the title.
This is because the current rewards (currently yielding a +38,5% APR) are coming from the marketing budget (also known as ''my own budget'') and they have a 'testing' purpose (how much additional liquidity we're attracting, how many users, etc). This is not real revenue coming from the @seed-treasury (yet).
This testing phase will last for 3 months.
And through these 3 months, I'll keep managing the reward pool actively and helping the SEED secondary market.
This includes market making the seed market through arbitraging, adjusting the %APR's to different liquidity conditions, adding/removing my own liquidity... etc.
Wen 'Main' Yield Farming Rewards?
After or during this period of three months, I'll probably get a much clearer picture of where we stand in terms of liquidity and what I can provide or can not.
For the time being, I'll keep my mouth close. Plenty of time ahead and don't want to spoil anything giving hints about something that could (or not) being implemented.
Happy yield farming dear SEED holders :)
100% of blogging rewards paid to @seed-treasury.
Remember you can follow the portfolio in real-time here:
https://cointracking.info/portfolio/seedtreasury
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