New Joint Liquidity Mining Program with ACY Finance
We are happy to announce the new joint liquidity mining incentive program with ACY Finance(https://acy.finance), offering liquidity providers of ACY/USDC to target their LP tokens to maximize their reward earning potentials.
The Liquidity Pool of ACY/USDC on Polygon will be launched at 3:00 pm UTC, Jan 19th. In total 100,000 $iZi & 150,000 $ACY will be provided for the pool and last for the first cycle (lasting for 30 days). Provide liquidity to earn extra Rewards!
ACY PROTOCOL is a decentralized crypto trading protocol that enables the most profitable operation, including swapping, liquidity mining, farming, launching and perpetual.
ACY Finance is a decentralized exchange that invents FLASH ARBITRAGE a multi-route arbitrage program built in ACY protocol and executed within each transaction solving the problem of slippage caused by robot invasion and enabling the users to make profit automatically.
Step-by-step Guide on How to Participate
1.Visit the official izumi website: https://izumi.finance/farm/one-side and get into the “One Side” farm function from the left sidebar.
Click the “Connect Wallet” button to connect your wallet, and switch your wallet network to Polygon
2.Click the “Details” button “🔽” on the right of the “ACY/USDC”.
3. Click “Add Liquidity”. Then approve ACY on the right sidebar.
Set the volume of ACY and USDC: Input the number of ACY, it will automatically give the number of USDC. Please note that you can only enter the liquidity pool with an equal dollar value of the ACY and the USDC.
Now, you can click “Add Liquidity” to complete the staking. But here let’s try the “Boost APR” function. When turning on the switch, you could find that by staking the iZi token, you can boost your APR up to 2.5x.
4.After Approve iZi and boost APR, you can find your Positions NFT start working.
And you can also click “Add Liquidity” and repeat Step3 to get another Positions NFT.
5. Now we get another Positions NFT but without boost in the Step3. You can always boost your APR after you start farming by clicking the “Boost” button. You can learn more details(Your Liquidity,Your APR etc.) by clicking the “Details” button.
6. After clicking “Boost”, a pop-up window will show up and it can be used to boost your APY.
You can select a boost rate, the program will calculate how many iZi they should be staked.
7.After clicking “Details”, a pop-up window will show up and it will show your Positions NFT’s details.
Click “View” will show your Positions NFT on etherscan.io.
As you can see, liquidity is only provided below the current price in the UniV3 pool. So there is only USDC in the pool, and your ACY tokens are staking in the contract. You also can find your reward include trading fees on Uniswap V3 and Farming incentives.
To know more about “One Side” model, please check: <Model 2: “One-sided non-impermanent loss Mining” model for non-stable tokens in the full price range>
8.Click the “Harvest all” or each “Harvest” button, the reward will be sent to your wallet.
Click the “Unstake” will stop farming. Your liquidity, staked iZi for boosting and your reward will be sent to your wallet.
About izumi Finance
izumi Finance is the first protocol to support Uniswap V3 “non-homogeneous” liquidity mining and extend concentrated liquidity service for multi-chains. izumi provides “Liquidity as a Service” (LaaS) based on Uniswap V3, with innovatively designed liquidity mining modules of “Concentrated liquidity mining” model for stable assets with a fixed price and “One-sided non-impermanent loss Mining” model for non-stable tokens. These structured models would support any blockchain project to better implement liquidity incentives with much higher capital efficiency and enable liquidity providers to earn extra rewards.
