DeRace LP staking on QuickSwap: Rewards
Amazing news to all Polygon fans: DeRace LP staking on Polygon network is finally here!
Stake your LP DERC-USDC tokens on QuickSwap to earn a variety of rewards: DeRace NFT horses, DeRace Jockey Club avatars and dQUICK rewards!
The staking period is approximately 3 months: farming starts on 10th of November and lasts until the middle of February. The amazing rewards for stakers will be distributed after the staking period ends.
Stake you LP DERC-USDC tokens on QuickSwap to earn:
💰 $dQuick reward: 300 000 USDC worth of QUICK tokens are locked in the liquidity provider pool as a reward for participants.
🍀 Stakers’ lottery:
- 7 lucky stakers will receive DeRace Opie Collection avatar which opens the door to Exclusive DeRace Jockey Club
- other 10 lucky stakers will receive a DeRace NFT horse of random tier
🐎 Top stakers’ reward: top 15 stakers will each receive a randomly selected DeRace NFT horse out of 1 Demi-god, 1 Alfa, 5 Beta and 8 Omega horses.
How to start mining LP on QuickSwap? 🤔
Starting November 10th, users that stake their DERC-USDC Liquidity Provider (LP) pair will be able to receive dQUICK as a reward for using the QuickSwap LP mining program.
Few simple steps for you to start liquidity mining:
- Bridge your DERC tokens to Polygon network or buy them directly on QuickSwap
- Go to pool tab and add liquidity in DERC-USDC pool
- Find DERC-USDC on “Farm” and stake your LP
That’s it! You are now earning dQUICK for staking your LP!
You can find the general information of how liquidity mining and rewards work in QuickSwap here: https://quickswap-layer2.medium.com/everything-you-need-to-know-about-dquick-the-dragons-lair-e2df6fb861af
Top stakers’ rewards and stakers’ lottery rewards will be distributed after the staking period ends.
So what are you waiting for? Get yourself a horse from the staking rewards and join the race.
Good things come to those who stake!
P.S. The farm will be ready on 10th of November. We will make another announcement once it’s operating.
DeRace is a play-to-earn NFT horse racing metaverse where you can participate in horse races, breed NFT horses with unique characteristics, host races in your own NFT hippodrome and earn profit while doing it.
DeRace is electrifying the current NFT market by allowing players to fully interact with their DNA-enriched NFT horses and have full control of their own hippodromes.
Liquidity provision has impermanent loss risk: https://academy.binance.com/en/articles/impermanent-loss-explained