New UNI OMV2/ETH Staking Pool
We are happy to announce the release of the updated UNI OM-V2/ETH Liquidity Provider (‘LP’) token staking pool!
This pool will provide a further incentive and an avenue for Sherpas to “liquidity mine” OM tokens by providing liquidity to the OM-V2/ETH Uniswap pool and staking the corresponding UNI-V2 LP tokens. The details of the pool are as follows:
- Asset: UNI-V2 OM-V2/ETH LP tokens;
- How to Obtain UNI-V2 OM-V2/ETH LP tokens: You can obtain these by first adding liquidity to the OM/ETH Uniswap pair by following this link. Once you have successfully provided liquidity there, your address will be credited with UNI-V2 OM/ETH LP tokens, which you can then stake in the corresponding newly released pool on the MANTRA DAO platform.
- OM-V2 Token Rewards: There will be no fixed APR for this pool. Instead, a set amount of 2 OM per block applicable from now till block no. 11862000 which is approximately 15 February 2021. These will be distributed amongst stakers in the MANTRA DAO UNI OM-V2/ETH pool on the MANTRA DAO platform, proportional to their staking contribution to the pool.
- OM Reward Accrual Terms: Rewards are accrued on a per block basis, and become available to be claimed immediately upon being accrued.
- Claiming OM Reward Balance: Users can claim rewards at any time, and doing so will kick-off an 8-day unstaking timer, after which the staking reward tokens become available for withdrawal.
Unstaking Staked UNI OM-V2/ETH LP token balance: Users can unstake and immediately withdraw their UNI OM-V2/ETH LP token staked balance at any time. There will be no time-lock or unstaking timer for this, and thus the user’s tokens will be withdrawn immediately.
About MANTRA DAO
MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.