Introducing The Extended NDX Liquidity Mining Program

Whilst looking like this.

FAQs

I’ve already staked tokens in an existing pool — do I have to move them?

Yes. The new staking pools will be deployed against different contracts, so even if you have — for example — UNIV2:ETH-DEGEN LP tokens still sitting in the existing pool, you’ll have to unstake from the ‘legacy’ pools and restake in the new ones. Sorry about that!

Is there a way for me to unstake my tokens and receive my existing/forthcoming rewards at the same time?

For both the old pools and the new ones, you’ll observe that there are two options that look pretty similar on the UI: Claim and Exit.

We’ll update this image upon release of the new UI, scout’s honour.

Why does it cost so much to stake/unstake?

Gas prices. We’ve optimized the costs of interacting with these contracts as much as we can, but depending on the time of day when you submit your transactions, you might have a bad time.

How are allocation points for the various pools being determined?

For the first few months, as a data-gathering exercise, the Sigma committee is responsible for determining allocations across different pools. We’ve put forward the strategy that’ll be used to start: you can read up on it here.

Am I reading this right? I can just stake certain index tokens like DEFI5, and not their corresponding LP tokens?

Yes! We’re setting a portion of daily emissions aside for single-sided (‘naked’) staking of our top three index tokens by TVL, and said portion will grow or shrink depending on how well our ‘required’ liquidity goals are being met by the rewards program. You won’t get rich off of it, but it’s something to do with them whilst we build out future partnerships and integrations.

I staked {earlier than now}, and the APY I’m being quoted has changed. What’s going on?

The APY you’re seeing is a function of the price of NDX (as the reward token), your proportional stake in the pool that you’re in, and the estimated daily emissions rate as of the time that you check the figure. It’s going to bounce around as others join and leave your pool and the reward emission rate decreases over time, so please bear that in mind.

Pictured: everyone, two days in.

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