New Joint Liquidity Mining Program with DeHorizon
We are excited to announce the new joint liquidity mining incentive program with DeHorizon(www.dehorizon.fun), offering liquidity providers of DEVT/USDC to target their LP tokens to maximize their reward earning potentials.
The Liquidity Pool of DEVT/USDC on Ethereum will be launched at 2:00 pm UTC+8, Feb 8th. In total 600,000 $iZi & 600,000 $DEVT will be provided for the pool and last for three months. Provide liquidity to earn extra Rewards!
DeHorizon is a prospective metaverse game ecosystem led by a group of gaming veterans who previously held roles at Riot, Dungeons & Dragons, and Blizzard, as well as web3 experts who have years of experience in the fintech and blockchain industries. DEVT as the governance token in DeHorizon metaverse has various utilities in DeHorizon metaverse and the games. DEVT holders can have many benefits including a lower transaction fee, Airdrop rewards, the whitelist of NFTs and voting on key game development once they join DeHorizon DAO by staking DEVT.
Recently, they announced that the internal test of their first game DeVerse will be live on 22/2/22, where they prepared a huge prize pool of up to 16,535,968 DVTs (DeVerse In-game Token) for celebrating the upcoming milestone.
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 Ethereum
2.Click the “Details” button “🔽” on the right of the “DEVT/USDC”.
3. Click “Add Liquidity”. Then approve DEVT, USDC on the pop-up window.
Set the volume of DEVT and USDC: Input the number of DEVT, 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 DEVT 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 Step 3 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 DEVT 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 automatically.
More about DeHorizon:
Website: http://www.dehorizon.fun
Twitter: https://twitter.com/DeHorizonfun
Discord: http://discord.gg/dehorizon
Telegram: http://t.me/DeHorizonfun
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.
