With the H2O launch now in our rear mirror, our team is hard at work to maximize TVL and the supply of H2O, so that it can positively impact the Web3 Data Economy we want to shape with so many other players.**
Here's everything you need to know about Incentives within H2O
We will be initiating LP staking for $PSDN and $H2O and Single Sided staking for $PSDN very soon!
$PSDN Single Sided staking:
At launch, this will be a simple single-sided staking vault that emits $PSDN and grants governance power to $PSDN token holders. There will be no inherent risk for IL in the staking vaults, which just serve as access to governance power.The vault is initially programmed at 1420 $PSDN/weekly emissions.
The staking vaults will allow users to stake their liquidity pool tokens in order to earn $PSDN rewards. To participate in the single side staking incentives program go to https://app.h2odata.xyz
Soon after launching our staking program we will bring about our planned goal to transform the Single Sides Vault (SSV) to serve as a backstop mechanism for black swan events. In case of such events, Staked $PSDN will be auctioned off in order to fulfil redemptions and maintain protocol integrity if H2O Protocol temporarily goes underwater.
This model is identical to the $FLX and $MKR models. Stakers who participate in this will be rewarded with $PSDN, as they are undertaking a crucial risk-management mechanism that helps ensure the stability of the protocol.
$PSDN and $H2O LP Staking:
We want to make sure that the right incentives are in place for liquidity providers. That's why we're adding staking rewards to the following pools on Uniswap V3:
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**The annual percentage rate (APR) will be variable, and will be based on the total value locked (TVL). We are targeting a 100% APR to incentivize liquidity and provide safe refuge from impermanent loss incurred by liquidity providers. Note that emissions will be dynamically adjusted based on TVL in the pool and targeted liquidity for PSDN and H2O.
To participate on the $PSDN LP incentive program, add liquidity to one of the pools above using Gamma(https://app.gamma.xyz/ )and deposit the LP tokens within https://app.h2odata.xyz - The incentives will be live in our app from April 29th, 8:00PM GMT.
We encourage all Single Side staking and LP participants to also join our Discord channels - our H2O community is tight and we want to make sure everyone's questions are addressed asap. Come join us! 🌊⚡🔱
About H2O
H2O is the first non-pegged stable asset for the Web3 Data Economy, with a managed float regime that serves as a medium of exchange and unit of account in decentralized data marketplaces.
We'd love for you to join our growing community of builders and users committed to decentralized data economies in DeFi. **You can start by joining one or more of our community channels here:
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