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Liquidity Mining Rewards
Earn token rewards by providing liquidity to any synthetic token contracts.

Overview

Degenerative.Finance needs to bootstrap liquidity by attracting investors/community members who mint synthetic tokens and provide them as liquidity to the Uniswap pools. In return, degenerative.finance provides attractive rewards in the form of $UMA and $YAM tokens.
It is important to understand that these liquidity rewards only flow to those who mint AND LP the synthetic tokens.

uSTONKS Liquidity Mining Rewards

The rewards for uSTONKS combine $YAM and $UMA rewards. Liquidity miner will receive both, in proportion to the their share of the synths market cap (# of synths minted * price).

$YAM token rewards

For the period of 8 to 28 March, there will be the following rewards 8 - 14 Mar: 5,000 $YAM per week 15 - 21 Mar: 10,000 $YAM per week 22 - 28 Mar: 10,000 $YAM per week

$UMA token rewards

For the period of 8 to 28 March, there will be the following additional rewards on top of UMA Developer Mining in the section below. 8 - 14 Mar: 5,000 $UMA per week 15 - 21 Mar: 10,000 $UMA per week 22 - 28 Mar: 10,000 $UMA per week
This spreadsheet allows you to estimate APRs at various levels of capital employed & token prices.
This is step 1 of the current uSTONKS rewards program. The token allocation after 28 March is currently in preparation, subject to the adoption of the current rewards program and launch of additional synthetic tokens.

uGASJUN21 Liquidity Mining Rewards

The rewards for uGASJUN21 combine $YAM and $UMA rewards

$YAM token rewards

For the period of 8 to 28 March, there will be the following rewards 8 - 14 Mar: 5,000 $YAM per week 15 - 21 Mar: 10,000 $YAM per week 22 - 28 Mar: 10,000 $YAM per week
This is step 1 of the current $YAM rewards program for uGAS. The token allocation after 28 March is currently in preparation, subject to the adoption of the current rewards program and launch of additional synthetic tokens.

$UMA token rewards

$UMA token rewards for uGAS will follow a formula that gives uGAS minters a share of the overall UMA developer mining pool of 50,000 $UMA per week. You can read more about UMA Developer Mining in the section below.
This spreadsheet allows you to estimate APRs at various levels of capital employed & token prices.

Accrual and distribution frequency of rewards

Rewards accrue in proportion to time and %age of liquidity provided. Liquidity miners have full flexibility to enter and exit the synth position and there are no lock-ups.
Example: Let's say UMA rewards for uGAS-MAR for a given week were 1,000 $UMA. If you provided 100% of the liquidity (and you minted that liquidity) for 3 days, and then you were 50% of the liquidity for the next 4 days, you'd get 100%*3/7*1000 + 50%*4/7*1000 = ~715 UMA.
Strictly speaking, actual calculations accounts for not just the % over time, but the % of total liquiditySeconds provided: Your rewards for the week are proportional to the aggregate liquiditySeconds.
Rewards are distributed in monthly epochs that finish on the 7th of each month.

UMA Developer Mining

Overview

Risk Labs foundation will pay out 50,000 $UMA weekly to developers that deploy synthetic assets using UMA. Each developer’s share of the rewards will be weighted by the value locked in their synthetic asset contract: the more popular a synth is, the greater share of the weekly rewards that the developer will receive.

Developer Mining Reward Structure

The UMA rewards are distributed in the following way:
  • 82% Liquidity Miners (those who mint and LP)
  • 10% YAM Finance Treasury
  • 8% dApp Mining to Degenerative.Finance (Yam Finance Treasury)
This rewards structure applies to uSTONKS and uGAS minted on Degenerative.Finance. UMA tokens will be airdropped or merkle dropped to anyone who mints and provides liquidity for uGAS/ETH token on Uniswap. UMA rewards will be distributed directly to accounts on a monthly cadence on or around the 10th.

Last modified 8mo ago