CardSwap DEX Liquidity Mining & Tutorial
FAQ
When does Liquidity Mining go Live?
Liquidity Mining will go live Wednesday May 12th at 8Am PST/3Pm UTC
Fixed 200% APR at a fixed price of 1¢ per $CSWAP for CARDS-ETH LP, 125% APR for C3/GERO-ETH LP.
This bonus APR window will last until May 25th 8AM PST/3PM UTC, following which CARDS-ETH LP will reduce to 40% and C3/GERO-ETH 25%.
What is Liquidity Mining?
Liquidity Mining is a program to earn CSWAP rewards in return for staking the liquidity you provide to the CardStarter pools (Token+ETH= LP). Liquidity providers will receive special tokens known as Liquidity Pool tokens (LP) unique to the Token+ETH; this token is a representation of your share of the respective liquidity pool (currently: CARDS-ETH, C3-ETH, GERO-ETH).
Why is staking an LP token important to the CARDS ecosystem?
CardSwap is an automated market maker allowing users to swap effortlessly between different assets on the Cardano blockchain, using the underlying liquidity provided by the users. The depth of liquidity is important to the efficiency of market making and will be a critical metric for the effective functionality of CardSwap. Cards-LP along with the incubator LPs will be automatically migrated to CardSwap pools upon launch and will be immediately eligible for CSWAP liquidity mining.
What are CSWAP tokens?
$CSWAP tokens imbue holders with voting privileges on proposals governing the CardSwap platform. As a reward for governing the platform and being responsible for its parameters, CSWAP holders are rewarded with additional benefits such as a share in the platform fee.
With consideration that all CardStarter incubated projects will be the first ones to auto-migrate to CardSwap and form its initial liquidity base, we have decided to distribute this governance power to those who contribute to providing liquidity that is essential to a successful CardSwap launch. CSWAP tokens will be seeded with initial liquidity at CardSwap launch at a starting price of $0.01.
How does the reward program work?
The first two weeks will be an introductory period with accelerated bonus distribution for early supporters. LP stakers will enjoy reward rates at 200% APR.
After the initial promotion period, the rewards rates will be as follows:
- For CARDS-ETH LP, rewards will be at 40% APR assuming a price of $0.01/CSWAP (example: if market demand leads to a CSWAP price of $1.00, then effective APR will be 4,000%)
- For other incubator LPs like C3-ETH LP or GERO-ETH LP, rewards will be at 25% APR assuming a price of $0.01/CSWAP
The CardStarter and CardSwap team are very excited about this highly anticipated LP staking program that will be both attractive to stakers and beneficial to the liquidity pools.
How to Stake LP for CSWAP
Select “Looking for your V2 Liquidity?” Or “ View V2 Liquidity”
Once you have entered the amount you would like to add to the pool, click “Supply” then “Confirm Supply”. This directs you to MetaMask or your personal wallet.
- Go to https://cardstarter.io/ and select “Go To App”.
- Select “Liquidity”.
- Input deposit amount, then click “Approve”.
4. Input deposit amount, then click “Deposit”.
To withdraw CARDS-ETH LP or C3-ETH LP, input desired withdrawal amount and click “Withdraw”. When you are ready to collect your rewards, click on “Harvest”.
About CardSwap
CardSwap will be the go-to DEX for trading on the Cardano network. All CardStarter launched projects will have their liquidity migrated to CardSwap. CardSwap is driven by 3 core features, automated market making with deep liquidity pools, leverage trading and a staking platform where users choose their reward tokens.
CardSwap is the native DEX of CardStarter, the first incubator, launchpad and insurance program for projects being built on the Cardano network. CardSwap aims to be the #1 decentralized trading platform for the Cardano network, by being the most flexible and efficient automated market maker, with sophisticated trading tools and user-incentivized staking services.
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About CardStarter
CardStarter is the first incubator, launchpad and insurance program for projects being built on the Cardano network. The CARDS platform is a unique and dynamic launchpad, connecting projects to early investors and a network of key partners. The Cards Accelerator Program (CAP) team works with each project individually to establish the right connections and map marketing strategies, establishing the foundation for long term success.
CardStarter is also differentiated by its charge to protect its supporters. CARDS provides unbiased third-party audits of every project’s code and protects IDO participants’ investments with an in-house insurance program. CardStarter is proudly partnered with X21 Digital, BlockSync Ventures, Moonwhale Ventures, Genesis Shards, Plethori, Fractal, PARSIQ, Scryptic Tech and Longtail Financial. Once fully built, CardStarter will be an all-inclusive platform with a decentralized exchange to complement the current offerings. CardStarter also aims to be a nurturing force in the Cardano ecosystem, with hackathons and project development support being a major focus of the roadmap.
