Introducing the LCX Uniswap V3 Liquidity Rewards Program
di LCX Team · · Updated May 28, 2021
Today, we are excited to announce the launch of LCX liquidity rewards program for LCX/ETH (1%) pool at Uniswap V3. The first half of 2021 has been truly record-breaking in many ways. We announced partnerships with Quant, Constellation, Celo, Monerium and DigiByte, and we published our Product Roadmap 2021 and $LCX reached a new all-time high.
Uniswap has been tremendous for $LCX with peak daily trading volume of almost $5 Million USD.
We are excited to announce the second round of our Uniswap Liquidity Rewards Program – this time fully focusing on Uniswap V3. We will be giving out special rewards for Uniswap liquidity providers. The liquidity program is going to be launched this Saturday, on May 29th 2021.
The first reward program is closed and was a big success. The Liquidity at Uniswap V2 was increased ten-fold. The Reward for the second round of the Uniswap Liquidity Program will also be 500,000 LCX. The program will run from 29th of May to 29th of June — paid out by July 2nd.
Liquidity providers benefit by getting ETH and LCX simultaneously. These rewards are paid in LCX to every liquidity provider that locks ETH and LCX on Uniswap for at least 20 days. These rewards are in addition to the normal 1% fee liquidity providers automatically get from Uniswap trades on the trading pairs they provide liquidity to.
In order to participate, you just have to whitelist your address and add liquidity to LCX’s LCX/ETH (1%) pool trading pair at Uniswap V3.
By incentivizing LCX Token holders with rewards, we aim to provide the necessary liquidity to build enduring value for the LCX Token and the LCX ecosystem.
How to be eligible to participate?
- Only whitelisted address are eligible, whitelist your address by clicking this link
- To qualify you need to provide at least 1 ETH of liquidity, plus at least 95,000 LCX tokens.
- We will track the Liquidity NFT token created by the users address. To qualify you need to hold the liquidity for a min. of 20 days out of the 30 days qualifying period.
- To qualify the liquidity needs to be defined in an active price range. The Price Range needs to be chooses in a way to deposit at least 1 ETH and at least 95,000 LCX Token.
- Each qualifier splits the reward pool among all qualifiers evenly by percentage of the pool.
- The qualifying period is May 29th to June 29th 2021. If you remove liquidity at any point during the qualifying period, your liquidity is disqualified from the benefits of this program.
Basically, we take any qualifying Liquidity Providers at the end of the period and split up the pool among them.
Step-by-step instructions
- Start whitelisting your address by clicking this link
- Once submitted, visit LCX’s add liquidity page on Uniswap here and click at “Add Liquidity”
- Select Fee Tier: 1%
- Set Price Range: Choose an evenly distributed price range. For example:
Min Price 0.000001 ETH per LCX
Max Price 0.00010 ETH per LCX - Choose Deposit Amounts:
Min Deposit of ETH = 1
Min Deposit of LCX = 95,000 (approx. 1 ETH worth). - Confirm the liquidity by clicking “Add” and accept the transaction using Metamask. Use a medium to high gas fee. The transaction may take some time due to possible network congestion.
Disclaimer
- The number of LCX tokens earned as prizes in this program may vary due to other participants in the pool
- Current reward is 500,000 LCX, but we reserve the right to change the amount of LCX that is given as liquidity rewards, at any time.
- Participants in the LCX Uniswap Rewards program may receive varying amounts of ETH and/or LCX from the pool for being liquidity providers, due to the nature of Uniswap and other participants in the pool
- LCX makes no warranties or guarantees as to the safety and security of any and all funds deposited by participants on Uniswap
- LCX has no liability or control over users’ funds lost on Uniswap due to bugs or breaches on Uniswap, or due to the user’s own negligence
- LCX reserves the right to KYC any and all participants in the Rewards Program, and withhold any and all prizes pending KYC
- LCX reserves the right to modify or cancel this Rewards Program at any time, for any reason, and without notice.
