New Reward Season for AquaUSD Liquidity Providers: Terms & Bonuses
February 13th, 2025

Эта статья на русском языке тут.

Who Benefits from Providing Liquidity in a USD-Pegged Asset Pair on TON and Why?

Aqua Protocol is the leading CDP, liquidity layer, and lending protocol on TON with fixed fees. It mints its own decentralized overcollateralized (LST, LP, RWA) stablecoin, AquaUSD, at a 150% collateral ratio.

The price of AquaUSD is always anchored to $1 because we use a hard peg mechanism—you can always redeem AquaUSD within the protocol at a guaranteed rate of $1 (with a 1% fee).

The 3rd season of rewards is starting in Aqua!

Now, let’s explore the most conservative earning strategy with AquaUSD.

DEPOSIT STABLECOINS – EARN STABLECOINS!

Zero volatility: You only deal with USDT and AquaUSD, avoiding the risks of volatile assets.

Fee revenue: By participating in the AquaUSD/USDT liquidity pool, you earn trading fees, which are paid in stablecoins.

Additional boost: Beyond standard fees, the pool receives extra stablecoin incentives—funded by minting fees paid by higher-risk investors.

Bonus accumulation: Every liquidity deposit earns Reward Points (RP). Long-term participation (30+ days) and holding Aqua NFT Genesis or large investments provide additional RP boosts. These points can be exchanged for AQUA tokens in the future.

Who Should Consider This?

  • Liquidity providers looking for a stable yield in stablecoins.

  • Risk-averse investors who want exposure to DeFi without volatile assets.

  • Aqua NFT Genesis holders & large investors who can maximize rewards through bonus multipliers and long-term participation.

Bonus Rewards & Boosts in the season 3

Boosts are available for long-term participants and large investors. If your liquidity remains locked for over 30 days, you will receive additional RP (Reward Points) boosts.

RP Boost Conditions:

  • For Aqua NFT Genesis holders: (up to 5 NFTs) – Bonus from 1.05x to 1.1x.

  • Based on liquidity amount:

    • Tier 1: ≥ $250,000 → 1.15x bonus

    • Tier 2: ≥ $500,000 → 1.2x bonus

    • Tier 3: ≥ $1,000,000 → 1.3x bonus

Your total RP balance, including bonuses, will be displayed in the "Your REWARDS" section of the Aqua Protocol app.


Step-by-Step Guide for Liquidity Providers

Step 1: Preparation

Check your balance and ensure you have enough USDT in your wallet to participate.

Step 2: Get AquaUSD

Swap USDT for AquaUSD:

  • Option 1: Swap via Dedust.

  • Option 2: Use an aggregator to find the best price: Swap on swap.coffee.

Alternatively, you can mint AquaUSD by collateralizing wrapped TON or USDT (details in a separate article) via the Aqua Protocol app.

Step 3: Access the Liquidity Pool

Go to the Pools section on Dedust and select the AquaUSD/USDT pool.Or open it directly via this Dedust Pool link.

Step 4: Connect Your Wallet

Connect your TON wallet by clicking the wallet connect button on the platform’s interface.

Step 5: Provide Liquidity

  • Click Deposit and enter the amount you want to provide.

  • Since this is a stable swap pool, liquidity provision is not in a 50/50 ratio—this is expected.

Important: When opening the pool on Dedust, the displayed price might be incorrect. If unsure, double-check the exchange rate in the SWAP section when swapping AquaUSD → USDT. Dedust developers are already working on fixing this issue.

Step 6: Manage Your Position

  • After depositing, you can view your position ob Dedust in Pools → My Positions.

  • When needed, you can withdraw your funds at any time.


Conclusion

This conservative earning strategy allows you to deposit stablecoins and receive stablecoins in return.

By following this guide, you can maximize the opportunities offered by Aqua Protocol while minimizing risks. If you have any questions or need assistance, feel free to reach out to the project community or support team.


Video Guide: How to Provide Liquidity to the AquaUSD/USDT Pool on DeDust

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