HackMD
Symblox Yield Farming Guide
Launch Date
- October 16, 2020, 00:00 PST
Duration
- 2020/10/16 - 2020/12/11 (8 weeks in total)
Token Allocations
- Total supply in the first phase of the SYX Token allocation: 1 million tokens
- The token rewards for the first two weeks of yield farming will be three times that of the latter six weeks, which are allocated as followed:
| Date | Reward per block (SYX) | Daily Rewards (SYX) |
|---|---|---|
| 10/16 – 10/30 | 2.0668 | 35,714.2857 |
| 10/31 – 12/11 | 0.6889 | 11,904.7619 |
| (VELAS generates a block every 5 seconds on average) |
Project Details
- This project has 2 reward pools: the first is the Seed Pool and the second is the Swap Pool;
- The user is to open the seed pool first. Users can deposit VLX tokens and get SYX token rewards;
- After the Seed Pool is available for 1 hour, a Swap Pool will be created. Users can deposit VLX and SYX and earn SYX token rewards;
- In order to encourage users to provide better liquidity for Symblox, the number of token rewards in the Swap Pool is 4 times that of the Seed Pool.
