Offshift anon LP Rewards Program to Launch February 27
Offshift is pleased to announce that the Offshift anon LP Rewards Program will kick off on February 27, and to provide complete metrics and details for the Program. LP incentives will play an integral role complementing the Offshift anon platform, both by ensuring deep liquidity for XFT and supporting price stability for anonUSD.
In order to allow users to form a public market for anonUSD prior to the Offshift anon mainnet launch, the Offshift anon dashboard will feature a special, user-friendly function that will allow users to Simple Shift XFT into anonUSD and immediately provide liquidity in the Uniswap WETH/anonUSD market. Full instructions will be provided on the 27th.
Breaking it Down: Pools & Rewards
The Offshift anon LP Rewards Program will continue rewards for LPs (liquidity providers) on SushiSwap, and will begin issuing rewards in the new Uniswap WETH/anonUSD pool. All rewards will be funded from Offshift’s Staking Rewards Wallet, and will be issued in XFT. A tentative rewards schedule running through December 2026 is outlined below, and remains subject to change pending liquidity provided. This rewards schedule leaves 1.056 million tokens, roughly 10% of initial total supply, for LP incentives beyond December 2026.
In addition to the Offshift anon LP Rewards Program, Offshift will honor its previous commitment to its existing LP Rewards Program on PancakeSwap, which will run until March 15, 2023. Users may continue providing liquidity in the WBNB/XFT pool on PancakeSwap to earn LP rewards, and subsequently bridge their XFT back to Ethereum via Meter Passport following the conclusion of the program on March 15.
XFT/WETH LP Rewards
LPs will receive a monthly reward allocation for contributing to the XFT/WETH pool on SushiSwap. For all XFT/WETH LPs, rewards allocations will be issued in XFT.
WETH/anonUSD LP Rewards
LPs will receive a monthly reward allocation for contributing to the WETH/anonUSD pool on Uniswap. For all WETH/anonUSD LPs, rewards allocations will be issued in XFT.
LP Rewards Schedule
LPs will receive monthly rewards allocations based on the following rewards schedule, which begins February 27, 2023, and runs through December 2026. LP incentives beyond December 2026 will be announced at a later date.
|Mar - Dec 2023||80,000ˣᶠᵀ||40,000ˣᶠᵀ|
|Jan - Dec 2024||84,000ˣᶠᵀ||48,000ˣᶠᵀ|
|Jan - Dec 2025||72,000ˣᶠᵀ||36,000ˣᶠᵀ|
|Jan - Dec 2026||60,000ˣᶠᵀ||24,000ˣᶠᵀ|
That’s it! Now you’re all geared up and ready to go for the Offshift anon LP Rewards Program launch on February 27. To keep up with all the latest news as the Offshift Ecosystem prepares to launch its debut application, Offshift anon, follow Offshift on Twitter and join our official community Telegram.