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[Tech]: Update conditions for eligibility to PSWAP LP strategic bonus rewards #934

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Tieumsan opened this issue Mar 18, 2024 · 0 comments · Fixed by #961
Closed
2 tasks

[Tech]: Update conditions for eligibility to PSWAP LP strategic bonus rewards #934

Tieumsan opened this issue Mar 18, 2024 · 0 comments · Fixed by #961
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tech Technical task

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@Tieumsan
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Tieumsan commented Mar 18, 2024

Problem statement

To adapt to the change in XOR price, we need to update the rule for liquidity providers to be eligible to benefit from the LP strategic bonus rewards.
The code was initially written when XOR was $1000. With the update in price we need to follow up with the change in the code.

The liquidity providers are impacted at the time the update is released to production and is NOT retroactive.

Business requirements

LP Farming Bonus rewards
Polkaswap users will earn PSWAP tokens for providing liquidity for at least 3 million (3'000'000) XOR in any XOR-paired pool. If you contribute to the XOR-VAL, XOR-PSWAP, XOR-DAI, XOR-ETH, or XOR-DOT pools, your reward is doubled.

⚠️ Polkaswap users should monitor the status of their liquidity provision, as they will loose the vesting for PSWAP rewards if their LP falls below 3 million XOR.

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@Tieumsan Tieumsan added the tech Technical task label Mar 18, 2024
@vovac12 vovac12 assigned HaidarJbeily7 and unassigned vovac12 Mar 28, 2024
@Tieumsan Tieumsan added this to the 3.3.0 - Bridge: Liberland milestone Apr 16, 2024
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