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The new liquidity mining program will go live this weekend on Uniswap, rewarding Liquidity Providers on the FUSE/ETH pair with 300,000 FUSE tokens over a 3-month period.
- Program Starting: Saturday 13th February at 3 pm UTC.
- Duration: 3-months
- Liquidity Pool: FUSE/ETH.
- Total Rewards: 300,000 FUSE.
- DEX: Uniswap.
- Platform: Ethereum
The team at Fuse is pleased to introduce a new liquidity mining program to reward FUSE/ETH Liquidity Providers (LPs) on Uniswap. A total of 300,000 FUSE will be allocated in rewards for network participants over months.
By incentivizing liquidity providers who hold assets on Ethereum main net with rewards, we aim to increase FUSE/ETH liquidity on Uniswap allowing users to enter and exit larger positions in FUSE without significant price movement or slippage.
In addition to the 0.3% trading fee commissions earned via Uniswap, LPs will also earn their share of the 300,000 FUSE tokens, distributed proportionally based on how much is contributed to the pool.
A quick guide on how to participate in the FUSE/ETH Liquidity Rewards Program on Uniswap:
- Step 1: Ensure you have FUSE and ETH tokens ready on your Ethereum wallet.
- Step 2: Add liquidity in the FUSE/ETH pool on Uniswap.
- Step 3: Head to rewards.fuse.io and locate the FUSE/ETH program under “Uniswap Rewards”. Deposit LP tokens starting Saturday 13th February at 3 pm UTC.
- Step 4: You will receive your rewards at the end of the program when you withdraw your LP tokens and “claim”.
Additional information:
- APY is constantly changing as more people participate and new liquidity is added.
- For those purchasing FUSE/ETH in preparation for the rewards program, it can be helpful to track gas fees to try and find the optimal time to make these transactions. At the time of writing, average gas fees are around 100 gwei.
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