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Liquidity Mining Information
The Aurox Liquidity Mining is an essential feature of the utility of the token. To put it simply users will be rewarded with Aurox Tokens by providing liquidity to the Aurox Token Uniswap listing. However, there's a little more to the liquidity mining and the bonuses which we'll explore below.
To start with, an Aurox Epoch is defined as a two week period in which a set amount of tokens will be distributed to liquidity providers. The rewards of the Epochs are as follows:
- Epoch 1: 1,500 Aurox Tokens Distributed
- Epoch 2: 1,400 Aurox Tokens Distributed
- Etc..
Each and every Epoch, the distributed tokens will decrease by 100 at the beginning of the two week period. This will repeat until a 600 token per epoch threshold is reached, at which point 600 tokens will be distributed until a total of 50k tokens are distributed from liquidity mining reward pool. Thus hitting the public allocation for Urus.
Liquidity providers will be able to withdraw rewards in the shape of Aurox Tokens at any time. However, if an LP token is withdrawn in the middle of an Epoch, a 10% fee shall be deducted from the rewards in the form of burning the LP token.
The reward for participating in Epochs is distributed evenly based on contribution size to the liquidity pool. For example, users that provide 30% of the liquidity will receive 30% of the reward tokens for that epoch period.
Looking further down the line, we want to continue reward users for participating in further Epochs. With that in mind, users will be rewarded for completing subsequent epochs.
Every epoch the user successfully completes, they will be rewarded with a bonus of an additional 10% of the tokens they received during their epoch phase. The next phase, they will receive 20%, then 30%, etc. The bonus will increase by 10% every epoch until the smart contract is closed or until a maximum of 100% is reached.
Here's an example of how the Yield Bonus rewards work in practice:
- 1.A user received 200 Urus tokens in the first epoch.
- 2.Since they completed the first epoch, they will receive 10% additional tokens or 20 urus tokens.
- 3.The user completes the second epoch and receives an additional 200 tokens for that epoch.
- 4.They will then receive a 20% bonus or 40 urus tokens on top of the original rewards.
- 5.Each epoch, the bonus will increase by 10%.
For providing liquidity to Uniswap and opting in to staking their liquidity rewards directly into the staking contract, users can be rewarded with an additional bonus.
If a user chooses to automatically transfer rewards from liquidity mining yield contract to staking contract, they will receive an increase of 25% on their normal rewards.
Liquidity providers will able to constantly add more tokens generated from their Liquidity Contracts to their Staking Contracts at anytime.
The tokens will have to be transferred directly from the liquidity contract into the staking contract for the user to take part in the bonuses. If you transfer tokens from your own wallet into a staking contract, you will not be able to earn the bonuses.