BoringDAO (BORING) will be joining the DODO Booster Program and kicking off a 4-week BORING/BNB liquidity mining campaign, where the pool’s liquidity providers will be rewarded with BORING tokens and DODO tokens.
The details are as follows:
Campaign Start Block Number: 7995410 (approximately June 4th, 2021 at 2:00 PM UTC+8 (Singapore Time))
Campaign End Block Number: 8801811 (approximately July 2nd, 2021 at 2:00 PM UTC+8 (Singapore Time))
How to Participate
During the campaign, users who add funds to the BORING/BNB liquidity pool on the DODO Binance Smart Chain (BSC) platform will receive DLP tokens, and by staking these DLP tokens users will receive BORING tokens and DODO tokens as liquidity mining rewards.
BORING/BNB Liquidity Pool Address: 0x5d8fdf87fcb27a441e28f54b685a13d93fbbd92b
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 BORING campaign will be three times the normal amount, meaning that $22,500 worth of DODO tokens will be up for grabs from June 4 to June 11, 2021, UTC+8.
After the first week, DODO will continue to re-adjust the weekly reward value 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.
BoringDAO is scheduled to release 70,000 BEP-20 BORING tokens (0.34722 BORING per block) every week, and a total of 280,000 BORING tokens are expected to be released over the course of the campaign.
BORING Token Contract Address: 0xffeecbf8d7267757c2dc3d13d730e97e15bfdf7f
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.
BoringDAO is a decentralized multi-chain bridge and Bitcoin finance platform. BoringDAO is driven by the community and aims to build BitcoinFi on multi-chain. BoringDAO deploys a series of decentralized tunnels thats allow you to safely move your Bitcoin, Litecoin, Dogecoin and other ERC-20 Tokens assets between Ethereum & different blockchains to maximize utilization rate of crypto assets in DeFi world.
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