Happy New Year to all MIRA and Fuel Ignition users!
Exciting news: Fuel has officially launched its new incentivized program, Fuel Season 1 (FS-1), to drive liquidity and activity across the ecosystem. This new initiative marks the end of the Fuel Points program and the start of the new incentive programs era on Fuel, where FUEL rewards will be distributed through Fuel dapps and their campaigns rather than directly as a drop from the Fuel blockchain.
As part of FS-1, and in collaboration with the Fuel team, we are thrilled to introduce FUEL Boosts on MIRA. This is a great opportunity for MIRA liquidity providers (LPs) to earn additional FUEL tokens while contributing to the ecosystem’s growth.
Fuel Season 1 Overview
Fuel Season 1 will run for 45 days, starting January 15th. Throughout the program, up to 150,000,000 FUEL will be distributed across various Fuel DeFi dApps, including MIRA, to incentivize liquidity on FUEL and encourage increased user engagement and activity. MIRA and other dapps will launch their own programs for users with the allocated FUEL tokens as rewards for participants. FUEL Boosts on MIRA is one of these initiatives.
Learn more about the FS-1 program on the official Fuel Blog:
FUEL Boosts on MIRA: Rules & Details
Starting on the 15th of Jan 8 PM CET, MIRA will be issuing 4,275,000 FUEL tokens as part of Season 1 to ensure that the pools that traders use the most have the deepest liquidity.
A fixed amount of FUEL tokens will be allocated to selected liquidity pools and given out as an additional reward for LPs, on top of the trading fees they already earn. FUEL tokens will be distributed among LPs based on their percentage ownership of the pool just like swap fees. We call it a FUEL boost for a pool. FUEL boosts across pools may vary.
Our team can reconsider the pools to boost and FUEL boost amounts for each pool every 2 weeks. The changes will be announced on social networks, and this blog post will be updated. To stay informed, follow MIRA on X and join our Discord.
See the details of the FUEL Boosts on MIRA in the table below.
The rewards in the list above are the starting rewards for the announced pools.
Participants can track their earnings directly on the MIRA liquidity page after connecting their wallets. Allocated reward amounts will be updated regularly. Note that the rewards displayed in the app are estimates, and calculated using current indexing data.
At the end of the season, we will calculate the on-chain activity and distribute tokens in accordance with the rules outlined in this article. Since this data from our indexer isn't 100% exact, the final amount you receive may vary slightly from what’s shown in the UI.
Final rewards will be sent out to the participants’ wallets at the end of FS-1, on the 1st of March.
How to participate and earn rewards with MIRA Boosts?
To participate, you will need to add liquidity to the boosted pools during FS-1. If you already have liquidity in these pools when FS-1 begins, you’ll automatically start earning rewards.
1. Go to the MIRA liquidity page.
2. Find currently boosted pools, they are highlighted in the MIRA interface like in the screenshot below.
3. Add liquidity to the chosen pool(s). For a step-by-step guide on adding liquidity on MIRA, check our blog post.
4. To track your total FUEL Boost rewards, connect your wallet and navigate to the upper section of the liquidity page.
Summary
We’re excited to kick off 2025 with this incredible initiative to reward MIRA LPs. Whether you’re an experienced LP or new to DeFi, the FUEL Boosts on MIRA is your opportunity to amplify your earnings and support growth within the Fuel ecosystem!
If you have any questions about FS-1 on MIRA, don’t hesitate to reach out to our team on Discord.
