WINR Protocol is thrilled to announce the launch of Genesis WINR Liquidity Pool (gWLP) Farm, an on-chain event accessible through WINR Protocol and JustBet interfaces. Early liquidity providers can earn bonus vWINR yield block by block, in addition to the price appreciation of WLP and regular vWINR emissions.
Genesis WLP providers can get guaranteed whitelist spots in the public sale on Camelot in proportion to their liquidity if they deposit USDC before the cutoff date of March 9th, 3 AM UTC. There are no minimum or maximum limits to USDC deposits, and the end date for deposits is March 31st, 12 PM UTC.
Each USDC purchase will issue an ERC20 token called gWLP, which can be staked before the mainnet launch. Staked gWLP tokens can claim bonus vWINR emissions. The USDC will be held in a multisig address controlled by Camelot DEX and WINR Labs, which will purchase WLP put into the gWLP staking contract.
After a 30-day lock period after the mainnet release, gWLP can be claimed through the staking contract and converted to WLP. Converted WLP will no longer receive bonus genesis farm rewards. The vWINR emissions are up to 2.5% of the supply, and the amount will be collected through a whitelist contract audited by WINR Labs.
WINR Protocol is excited about this development and looks forward to providing users with innovative ways to earn rewards. The platform has received positive feedback from users, and this event is expected to be well-received by the growing user base.