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The first liquidity mining program for GoodDollar will go live this weekend on FuseSwap, rewarding Liquidity Providers on the G$/USDC pair with 75,000 FUSE tokens over a 3-month period.
- Program Starting: Saturday, April 17th at 3 pm UTC.
- Duration: 3 months.
- Liquidity Pool: G$/USDC.
- Total Rewards: 75,000 FUSE.
- DEX: FuseSwap.
- Platform: Fuse Network.
The teams at Fuse and GoodDollar are delighted to introduce a new program to reward G$/USDC Liquidity Providers (LPs) on FuseSwap. A total of 75,000 FUSE will be allocated in rewards for network participants over the next 3 months.
By incentivizing GoodDollar LPs with rewards, we aim to increase liquidity on FuseSwap for the leading digital basic income asset globally, allowing early project supporters to put their G$s to work and earn rewards. A deepened G$/USDC pool also serves to benefit the larger GoodDollar community of over 200,000 members worldwide, simply by making G$ a more widely liquid asset.
In addition to the 0.3% trading fee commissions earned via FuseSwap, LPs will also earn their share of the 75,000 FUSE tokens, distributed proportionally based on how much is contributed to the pool.
A quick guide on how to participate in the GoodDollar Liquidity Rewards Programs on FuseSwap:
- Step 1: Transfer your USDC to Fuse Network via the bridge on FuseSwap (if necessary)
- Step 2: Provide liquidity on the G$/USDC pool.
- Step 3: Head to rewards.fuse.io and locate the relevant LP program under “Fusewap Rewards”. Deposit LP tokens starting Saturday, 17th April 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”. The program can be entered and exited at any time during the 3 -months with rewards calculated on a pro-rata basis.
Additional information:
APY is constantly changing as more people participate and new liquidity is added.
For those purchasing USDC tokens and transferring them to Fuse Network using the bridge, it can be helpful to track gas fees to try and find the optimal time to make these transactions.
A tutorial is available here on how to:
- Bridge assets from Ethereum to Fuse Network.
- Add liquidity on FuseSwap.
- Deposit LP tokens to receive rewards in FUSE token.
More information on bridging assets and adding liquidity can also be found in our documentation.
Please note that due to high gas fees, transferring assets from Fuse Network to Ethereum currently is currently subject to a $1,000 minimum transfer amount. This is important to consider before taking part in the program.
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