Alpaca Finance (ALPACA) will be joining the DODO Booster Program and kicking off a 4-week ALPACA/DODO liquidity mining campaign, where the pool’s liquidity providers will be rewarded with ALPACA tokens and DODO tokens.
The details are as follows:
Campaign Start Block Number: 7709678 (approximately May 25, 2021 at 2:30PM UTC+8 (Singapore Time))
Campaign End Block Number: 8516080 (approximately June 22, 2021 at 2:30PM UTC+8 (Singapore Time))
How to Participate
During the campaign, users who add funds to the ALPACA/DODO liquidity pool on the DODO BSC platform will receive DLP tokens, and by staking these DLP tokens users will receive DODO tokens and ALPACA tokens as liquidity mining rewards.
Note: Market making and liquidity provision involve risk of loss and are not suitable for every user. The valuation and prices of token assets may fluctuate substantially, and, as a result, users may see profits that are below expectations, or even sustain losses.
A how-to guide to liquidity mining on DODO:
Normally, the mining rewards for the first week is $7,500 worth of DODO tokens. However, thanks to Super Booster, the total value of the mining rewards during the first week of the campaign will be three times the normal amount, meaning that 9,386 DODO tokens (0.0465 DODO per block) will be up for grabs from May 25 to June 1, 2021 UTC+8.
After the first week, DODO will continue to re-adjust the weekly reward value on every Monday based on the total trading volume from the previous week, and the maximum value for a week’s mining rewards could be as high as $45,000 worth of DODO tokens.
Alpaca is scheduled to release 8,030 BEP-20 ALPACA tokens (0.0398 ALPACA per block) every week, and a total of 32,120 ALPACA tokens are expected to be released over the course of the campaign.
Token Contract Address: 0x8f0528ce5ef7b51152a59745befdd91d97091d2f
Determination of Weekly Rewards
As mentioned previously, the total reward value starting from the second week of the campaign could vary based on the trading volume from the previous week. The weekly reward value is determined by the following rules:
If the total trading volume of the current week is no greater than $5,000,000, the reward value for the next week will be capped at $7,500 worth of DODO tokens.
If the total trading volume of the current week is between $5,000,000 and $10,000,000, the reward value for the next week will be capped at $15,000 worth of DODO tokens.
If the total trading volume of the current week is between $10,000,000 and $15,000,000, the reward value for the next week will be capped at $30,000 worth of DODO tokens.
If the total trading volume of the current week is greater than or equal to $15,000,000, the reward cap for the next week will be capped at $45,000 worth of DODO tokens.
About Alpaca Finance
Alpaca Finance is the largest lending protocol allowing leveraged yield farming on Binance Smart Chain. It helps lenders to earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits. Furthermore, Alpacas are a virtuous breed. That’s why, we are a fair-launch project with no pre-sale, no investor, and no pre-mine. This is a product built by the Alpacas, for the Alpacas.
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