New Joint Liquidity Mining Program with DeFi Hunters DAO
We are happy to announce the new joint liquidity mining incentive program with Defi Hunters DAO, offering liquidity providers of DDAO/WETH to target their LP tokens to maximize their reward earning potentials.
The Liquidity Pool of DDAO/WETH on Polygon will be launched at 09:00 am UTC, Feb. 10th.
For this time we will use Dynamic Range Mining Pool, 50% WETH+50% DDAO in price range (0.25*Pc, 4*Pc, Pc is the current price from Uniswap V3 internal oracle). In total 600,000 $iZi & 400,000 $DDAO will be provided for the pool and last for six months. Provide liquidity to earn extra Rewards!
DeFi Hunters DAO powered by Pro Blockchain Media and nftindex.tech
It is built on six pillars:
- Fund
- NFT & META Fund
- Game Guild
- Yield Farming Fund
- Accelerator Program
- Academy
The investment fund is DAO’s primary area of focus. The goal is to invest in projects in the early stage (seed and private rounds).
DDAO is the native utility token of the DeFi Hunters is a DAO used to access private Discord channels and as a fee for participation in all DAO activities and investments.
Step-by-step Guide on How to Participate
To know more about “Dynamic Range” model, please check: <Model 3: “Dynamic Range” model incentivizes non-stable tokens to provide dynamic liquidity around the current price>
1.Visit the official iZUMi website: https://izumi.finance/farm/dynamic and get into the “Dynamic Range” 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 “DDAO/WETH”.
3. Click “Add Liquidity”. Then approve DDAO, WETH on the pop-up window.
Set the volume of DDAO and WETH: Input the number of DDAO, it will automatically give the number of WETH. Please note that you can only enter the liquidity pool with an equal dollar value of the DDAO and the WETH on current price, and the price range is 0.25*Pc, 4*Pc, Pc is the current price.
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 Step 3 to get another position 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 polygonscan.com.
As you can see, it also shows the liquidity of WETH & DDAO in the UniV3 pool.
And you can find your reward include trading fees on Uniswap V3 and mining incentives.
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 automatically.
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.
