In an exciting move to kick off the Acala 2.0 Exodus Upgrade and celebrate the launch of the LSTFi-centered Universal Asset Hub, we are thrilled to introduce our liquidity mining program. This program is designed to empower participants, providing them with the opportunity to receive substantial rewards, including up to 20 million ACA per month in ACA staking, boosted LCDOT and DOT staking via the Euphrates DApp, as well as participation in select liquidity pairs on Acala Swap and various ecosystem DApps.
The sentiment vote to approve the general direction of the liquidity mining program has been approved on 16th Sep. This vote in particular is specifically for incentive allocation for ACA Staking and ACA liquidity on Acala Swap. Other sub-programs will be detailed in separate proposals.
At the heart of this program is the aim to align stakeholders, Acala ecosystem participants, protocol functionalities, network infrastructures, ecosystem growth, and ACA utility within the Acala Network. By doing so, we seek to optimize network growth and sustainability while enhancing ACA’s role as a fundamental utility.
APR will vary depending on market conditions and participation. This proposal covers the initial two weeks’ incentive, and further incentive adjustments will be proposed in the following week.
We understand the importance of fostering liquidity within the Acala ecosystem. To achieve this, we’re introducing long-term incentivized liquidity pools on Acala Swap, powered by ACA. The first pair is ACA-USDCet with the following parameters
APR will vary depending on market conditions and participation. This proposal covers the initial two weeks’ incentive, and further incentive adjustments will be proposed in the following week.
Sub-programs of other liquidity pairs will be available in separate proposals.
Transfer 1,104,165 ACA from Acala Treasury to incentives reward vault account (23M5ttkmR6KcoUwA7NqBjLuMJFWCvobsD9Zy95MgaAECEhit)
a. 937,499 ACA for ACA staking
b. 166,666 ACA for ACA-USDCet pair
c. This is the first two weeks’ incentives
at block #4,681,500(estimated time: 2023-10-16 06:51 (+UTC)), set ACA staking incentive reward rate to 416,666 ACA for first week. base reward 333,332.8 ACA, loyalty bonus 83,333.2 ACA
at block #4,681,700(estimated time: 2023-10-16 05:58 (+UTC)), start bootstrap ACA/USDCet pair on Acala Swap
a. minimum contribution is 21 ACA or 1 USDCet
b. bootstrap target is 210,000 ACA or 10,000 USCet
c. it will not end before block #4,696,100
at block #4,696,100(estimated time: 2023-10-18 05:58 (+UTC)) :
a. end bootstrap for ACA/USDCet pair.
b. set ACA/USDCet incentive reward rate to 66,666 ACA for the first week. base reward 33,333 ACA, loyalty bonus 33,333 ACA
at block #5,776,100(estimated time: 2024-03-16 05:58 (+UTC)), enable claim full loyalty bonus for ACA/USDCet