As many of you are aware, we held a liquidity rewards program that ran all of last month on Uniswap V2. We’d like to say thank you to all users who have participated in our prior liquidity rewards program! All in all, the program was a great success, and are excited to bring to you a newly refined, and updated Liquidity Rewards Program.
We found the complexities of running a liquidity farming rewards program through Uniswap V3 a little too cumbersome for some of our community, so we have been experimenting with new farming rewards program solutions over the past month. We have been trying to find a solution that offers more convenience and can provide a greater user experience than what our previous programs could offer. We have listened to your feedback and have some great news!
BlockWallet integrates Unicrypt as its liquidity farming solution
Unicrypt is a multi-chain decentralized services provider that uses an intuitive approach to solve the pressing issue of investor confidence in decentralized finance (DeFi). Their objective is simple: bringing value to the DeFi space as a whole by delivering disruptive and flexible technology that can be utilized both by investors and projects.
For BlockWallet, we will only be utilizing the farm section of Unicrypt’s protocol which will allow us to decrease the participation requirements for BLANK farmers and refine the allocation of how the rewards are distributed. Specifically, this means:
- There is now no minimum deposit required in order to start earning farming rewards
- No more whitelist signups
- Rewards will now be distributed on a block-by-block basis rather than a monthly basis
- You can now remove liquidity without suffering previous farming progress
Liquidity Providers will not only be entitled to the regular 0.3% exchange fee provided by Uniswap but they will also be entitled to receive additional BLANK rewards for providing BLANK-ETH LP tokens to the Unicrypt BLANK farm.
If the user feedback is positive for this type of liquidity rewards program and there aren’t any hiccups we will do it again in June!
BLANK Farm — Details
Unicrypt Blank Farm — https://farm.unicrypt.network/
55,000 BLANK has been allocated for farming rewards for the month of MAY
Block Rewards — 0.2679 BLANK
NOTE: All previous Uniswap rewards ($80k on Uniswap) will not be available anymore. From now on you need to put your BLANK-WETH LP to Unicrypt to earn rewards.
Pancakeswap rewards will still stay the same with $10k distributed to LP’s.
How To Participate
- Deposit any amount of BLANK-ETH to https://app.uniswap.org/#/add/v2/ETH/0xAec7e1f531Bb09115103C53ba76829910Ec48966 — Receive BLANK-ETH LP tokens for depositing
- Go to https://farm.unicrypt.network/ to access the BLANK farm
- Deposit BLANK-ETH LP tokens to start earning rewards
That’s it! You can unstake your tokens at any time and also Harvest your rewards once they are available.
NOTE: The Unicrypt farm for BLANK-ETH LP tokens will last for one month.
Adding Liquidity to Uniswap to gain LP tokens
- Access the BLANK-ETH pair HERE
- Connect your wallet and add liquidity
Adding LP tokens to Unicrypt
Step 1: Head over to the Unicrypt farm section here. Find the BLANK farm as seen below. Click the farm to open up the details.
Step 2: Click the “Stake” button
Step 3: A window will open up. Choose the amount of LP tokens you want to stake and click “Approve”. You’ll need to confirm the transaction in your wallet.
Step 4: Now that you have approved the LP tokens, click “Stake”. Confirm the transaction in your wallet.