Swift Finance APR Reset #4

APR Reset #4

• Base deposit fee increase on non-native farms from 3% to 3.5%. Unfortunately, a 3% deposit fee is not enough for our “Stake SWIFT, earn xxx” Pools to sustain itself at a rate of $4,000 being given out a day to SWIFT stakers, so we will be making a 0.5% increase this week.
• USDC pool rewards boost by 250% during the 12-hour pre-stake period.
• wAVAX pool rewards boost by 100% during the 12-hour pre-stake period.
• USDC pool rewards boost to 500% for 6 hours AFTER FARM emissions are live.
• wAVAX pool rewards boost by 300% for 6 hours AFTER FARM emissions are live.
• SWIFT per block emission boost for FIRST 4 hours
• Dynamic Multiplier Rebalancing
• Non-native farms increased from FOUR to FIVE farms
• Non-Native Farms multiplier boost as required

Timeline

24 hours before APR Reset — UI will be updated to disable new deposits from being made to ensure no new deposits and make a loss for no reason.

APR Reset event —

1. SWIFT per block emissions will be reduced to 0 for TWELVE hours.
2. Stake SWIFT, earn USDC pool rewards boost by 250%
3. wAVAX pool rewards boost by 100%
4. Native : Non-native farm rewards ratio to be at 50%
   All farms multiplier will be increased to 4x to meet this rewards ratio. We believe that the pool rewards boost above will negate some selling pressure caused by increased rewards to the non-native farms.

During this time, we will force withdraw ALL NON-NATIVE farmers staked tokens back to your wallet.

Your rewards will also be automatically harvested so you won’t need to do anything.

For NATIVE farmers, your deposits will remain in the farms, so no action will be needed.

This period is also intended to be a pre-stake period to ensure early farmers would not miss a single block of reward for our farms during the emission boost.

Note: PLEASE WAIT FOR THE ANNOUNCEMENT BEFORE DEPOSITING INTO THE NON-NATIVE FARMS DURING THIS PERIOD.

Hour 0 (12 hours after APR Reset) —

1. SWIFT emission goes live
2. SWIFT per block emission boosted to 0.0015/block
3. Stake SWIFT, earn USDC pool rewards boost by 500%
4. Stake SWIFT, earn wAVAX pool rewards boost by 300%

Hour 2 —

1. SWIFT per block emission reduced to 0.0012/block

Hour 3 —

1. SWIFT per block emission reduced to 0.0009/block

Hour 3, 30 Minutes —

1. SWIFT per block emission reduced to 0.0006/block
2. Native : Non-native farm rewards multiplier ratio to be at 60 : 40
   All non-native farm rewards will be reduced from 4x multiplier to 3x.

With the reduction in rewards boosts, we will start to shift the rewards ratio back to native farms to help with reducing the selling pressure on the SWIFT token.

Hour 4 —

1. SWIFT per block emission reduced to 0.0003/block
2. Native : Non-native farm rewards multiplier ratio to be at 80: 20
   – Non-native farm rewards will be reduced from 3x multiplier to 1x
   – Native farm rewards will be increased from 4x to 4.5x
   – Single SWIFT Staking farm will be reduced from 4x to 1x
3. Stake SWIFT, earn USDC pool rewards boost reduced to 400%

Hour 5 —

1. Stake SWIFT, earn USDC pool rewards boost reduced to 300%
2. Stake SWIFT, earn wAVAX pool rewards boost reduced to 200%

Hour 5, 30 minutes —

1. Stake SWIFT, earn USDC pool rewards boost reduced to 200%
2. Stake SWIFT, earn wAVAX pool rewards boost reduced to 100%

Hour 5, 45 minutes —

1. Stake SWIFT, earn USDC pool rewards boost reduced to 100%

Hour 6 —

1. Stake SWIFT, earn USDC pool rewards boost reduced back to base emission of 1000 USDC/day.
2. Stake SWIFT, earn wAVAX pool rewards boost reduced base to base emission of $1000 wAVAX/day

As the previous week, to ensure a higher APR for early investors throughout the week, we will not be introducing a gradual deposit fee decrease.

The reason for this is because it will allow late investors to deposit which will then decrease the overall APR for everyone, making it harder for early investors to recoup their initial deposit + profit.

What’s APR Reset? Click here to find out!

About Swift Finance

Swift Finance is the first yield farm that requires active management and participation by its farmer, known as an “active rotation harvest-tending” yield farm.

Source:
https://medium.com/@swiftfinance/apr-reset-4-what-to-expect-3eacdbc1484c