Bacon Protocol Announces LP Rewards on Uniswap and SushiSwap

I2han.eth
0xD884
BaconCoin
0xC938
April 14th, 2022

10,000,000 $BACON distributed to liquidity providers over 12 months.

On February 2, 2022, Bacon Protocol launched our Liquidity Provider (LP) Rewards Program on Uniswap and Sushiswap. Both pools are live and currently distributing BACON rewards and fees to pool liquidity providers. 

Official Pool: Uniswap USDC-BACON Pool.

Official Pool: Sushiswap ETH-BACON Pool.

Bacon Protocol continues to innovate in the mortgage industry - offering users the opportunity to invest in mortgage income while building out the infrastructure needed to democratize access to this investment vehicle. We are doing this by expanding access to our governance token $BACON across multiple platforms and ensuring that sufficient liquidity is available to users.

We are very excited to get cookin’ and incentivize a deeper liquidity pool!

$BACON LP Rewards Program

Our LP Rewards Program will be conducted with the following metrics:

  • Timeframe: The BACON LP Rewards Program began on February 2nd, 2022, and will end on February 1st, 2023.
  • Rewards: A total of 10,000,000 $BACON is reserved for LP rewards to be distributed over the course of 12 months. 192,308 $BACON will be distributed each week throughout  the year. 
  • Distribution Metrics: Rewards will be distributed to users at every block, based on the value staked relative to the total value in the respective pool (USDC-BACON or BACON-ETH).
  • Rewards Split: The distribution of the ~192K weekly $BACON will be split proportionally between Uniswap and SushiSwap based on relative trading volume. For example, during the week of 3/21-3/27; 155,203 of the weekly 192,308 ($39,344.78) in BACON rewards (~80%) will be given to the SushiSwap pool offering 430.76% APY. The remaining 37,104 ($9406.11) in BACON rewards (~20%) will be distributed to the Uniswap pool offering 260.51% APY.
  • Rewards Claims: LPs may claim their rewards at any time. 

Getting Started

To become a Liquidity Provider in Bacon Protocol’s LP Rewards Program you can go to the following links:

Uniswap USDC-BACON Pool. 

Note: By contributing liquidity, all liquidity providers are subject to the risk of Divergence Loss (also known as Impermanent Loss). As always, all prospective LPs should evaluate risk before contributing liquidity on any platform.

To stay up-to-date with Bacon Protocol, our LP rewards programs, or anything else we have cookin’ follow us on Twitter and join us on Discord!

About Bacon Protocol

**
**Bacon Protocol is a decentralized platform for purchasing mortgages. We give consumers access to the same financial products banks, governments, and institutions use to preserve and grow wealth. Using a novel, asset-backed stablecoin, we help homeowners by giving them faster, more flexible, and more competitive loans while adding a new building block to DeFi and bridging the gap between the physical and Web3 worlds.

Arweave TX
1v-D0n0J5S69P1aaAWjEw82yh7hz9-vtIFVoPt9LVGU
Ethereum Address
0xD884783DBf5A252eA0013Edc024Ab99df9af890D
Content Digest
-OMSAvJUFBx870m5Afib_bzLsz4gQN5vLuIlMw5xfnA