NerveNetwork’s cross-chain asset HUSD will be joining the DODO Booster Program and kicking off a 4-week HUSD/BUSD liquidity mining campaign, where the pool’s liquidity providers will be rewarded with DODO tokens.
The details are as follows:
Campaign Start Block Number: 8939052 (approximately July 7th, 2021 at 2:00 PM UTC+8 (Singapore Time))
Campaign End Block Number: 9719450 (approximately August 4th, 2021 at 2:00 PM UTC+8 (Singapore Time))
How to Participate
During the campaign, users who add funds to the HUSD/BUSD liquidity pool on the DODO Binance Smart Chain (BSC) platform will receive DLP tokens, and by staking these DLP tokens users will receive DODO tokens as liquidity mining rewards.
HUSD/BUSD Liquidity Pool Address: 0xfcafcfb6a5db0aa758eed30457cd1bc5268a8ede
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.
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.
HUSD Token Contract Address: 0x7419c803969062c3df016190932bb488928dd9a9
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.
Nerve is a decentralized digital asset service network based on the NULS micro-services framework, which uses the NULS ChainBox to develop a blockchain cross-chain interaction protocol. The aim is to break the isolated blockchain value and establish a cross-chain asset exchange network to provide all the necessary underlying support for the Defi application ecosystem. Let every digital asset holder experiences a truly secure, free and transparent Defi application service.
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Website: https://nerve.network 14
Documentation: http://docs.nerve.network 3
Twitter: https://twitter.com/nerve_network 1
Telegram: https://t.me/NerveNetwork 1