Dear BigONE users,
The GF and HDAO Staking pools have reached the liquidity standard. According to the BigONE “SSS” Mining Listing Program, we have listed GF/USDT, HDAO/USDT trading pairs, and launched liquidity mining in the above-mentioned trading markets.
At the same time, GF/USDT and HDAO/USDT liquidity mining "Double Mining" and enjoy 50% APR event has officially started!
6th December 2021 20:00 - 13 December 2021 20:00 (GMT+8)
- Liquidity mining "Double Mining" rewards
During the event, users who participate in GF/USDT, HDAO/USDT liquidity mining can get 50% of the market's transaction fee dividends. At the same time, daily additional GF or HDAO token rewards equivalent to the fee income provided by BigONE will be rewarded to users.
*The transaction fee dividend data received by each user on that day is taken at 00:00 every day.
Take GF as an example:
Assuming 1 GF=100 USDT, there are 9 GF and 900 USDT in the current liquidity pool;
After user A adds 1 GF and 100 USDT to the liquidity funding pool, the total value of the funding pool at this time is 2,000 USDT, and the liquidity share held by user A is 10%;
Assuming that the fee income of the GF/USDT market totals 1,000 USDT, then:
User A's income from participating in liquidity mining = 50% fee income + equivalent GF = 1,000 USDT*50%*10% + equivalent GF = 50 USDT + 50 USDT equivalent GF.
- 50% APR reward
During the event, users who participate in GF/USDT, HDAO/USDT liquidity mining, and add liquidity assets in the funding pool for more than 3 days (including 3 days), we will lock up the assets in the liquidity pool according to the 50% of the APR is issued on the value. There are a total of 1,500 GF and 30,000 HDAO rewards, according to the order in which users who meet the above conditions add liquidity time, first come first served, while supplies last.
*The GF and HDAO data of each user locked in the liquidity pool on that day are taken at 00:00 every day.
*Assets with added liquidity have been deposited in the funding pool for less than 24 hours, they will not be counted as 1 day.
Take GF as an example:
- Take 1 GF=100 USDT;
- At 8:00 on December 7th, user A added 1 GF and 100 USDT to the GF/USDT liquidity pool;
- At 8:00 on December 8th, user A added 9 GF and 900 USDT to the GF/USDT liquidity pool.
- At 11:00 on December 10th, user A redeemed all liquidity.
Then, the income that user A can obtain = (1 GF+100 USDT)*50%/365*1 + (10 GF+1000 USDT) *50%/365*2 = 0.0575 GF
BigONE Liquidity Mining: https://big.one/en/liquidity/market
- 50% of liquidity mining rewards will be issued in real-time, and the additional GF or HDAO token rewards provided by the platform will be issued the next day.
- The 50% APR reward will be issued within 7 working days after the event ends.
- The trading market that supports liquidity mining uses an independent fee rate system, that is, the transaction fee rate of Maker and Taker is 0.3%.
- There may be impermanent losses in liquidity mining. Please be aware of the risks and invest cautiously.
- The final interpretation right of this event belongs to BigONE.