PartySwap New Improve APR Boosted Piñatas pair

Published on: 11.11.2021

PartySwap in the current piñatas, the rewards are distributed taking in consideration the liquidity injected in each pair. That makes smaller piñata pairs have fewer APRs, while their contract sends more of the coins to the biggest pairs alone. This is an important issue they want to fix.

With the new piñatas, which they decided to call “Boosted Piñatas,” the rewards will be distributed fairly only based on the pairs’ pool weight (multiplier). So basically, now we will decide how many coins each pair will give, no matter the liquidity injected.

Do I have to do anything?

Yes, if you already provide liquidity, you’ll need to move the LP tokens to the new piñatas (you won’t need to remove the liquidity). However, some pairs with small participation will be removed entirely in the latest version. If, by any chance, the pair where you provide liquidity is not available anymore, you can inject liquidity into a different pool instead.

What are the pairs that will be listed?

PARTY/AVAX – 60X

AVAX/USDC.e – 25X

AVAX/USDT.e – 25X

AVAX/WETH.e – 20X

USDC/BUSD – 12X

AVAX/MIM – 10X

AVAX /WBTC.e – 5X

AVAX/GB – 5X

AVAX/SHIBX – 5X

AVAX/HUSKY – 5X

AVAX/Qi – 2X

AVAX/APEX – 1X

AVAX/PeFi – 1X

AVAX/AVME – 1X

(Also, more pairs might join during the release date).

With the current improvements, they also decided to spotlight the funniest coins on the platform, considered meme coins, to track volume into PartySwap. Their marketing strategy will also focus on joining the fun coins!

Release date?

They are aiming to release the new piñatas by Monday next week. No exact time yet.They will post more information on their official Twitter account.

About PartySwap

PartySwap is a Decentralized Exchange (DEX) launched in Avalanche where you can do permissionless swaps between currencies, earn interests in farms and liquidity pools in one interoperable, highly scalable ecosystem.

If you have inquiries about PartySwap, please don’t feel afraid to ask! [email protected]