Caffeine Farming Event
Users who have provided liquidity on Crema can stake their CLMM NFT in specific Caffeine farming pools to get rewards. Instead of earning CRM token rewards directly just as how it’ll work in the official farming later, users will receive tokens called Caffeine as the points they are accumulating in this event.
When users get enough Caffeine, they can spend it to mint a NFT key. There are 5 different levels of NFT keys and each level requires a different Caffeine amount for minting.
After the IDO, these NFT key holders can unlock the treasure box to claim their token rewards. The basic reward for key holders increases according to their key levels. What’s most exciting is that for each key holder, they enjoy a 5% probability of having their basic reward multiplied. The higher the level of the key is, the lucky multiplier is larger. For example, for a diamond key holder, they are most likely to claim $3,500 return in the end, which is great already, while they also have a chance to trigger a 6x and unlock the fantastic $21,000 treasure, which is sooooo amazing! In a nutshell, if you successfully earn more Caffeine through the farming event and mint a high-level key, you will have a higher chance of winning a big prize.
Users are allowed to mint multiple keys as long as they have enough Caffeine, so that they can get multiple chances to claim rewards. Besides, they can also choose to upgrade their keys in hands to be eligible for a higher range of random reward amounts. Here are the criteria for the Caffeine key upgrade:
They’d love to see the LPs and users diving into this interesting event and conducting active discussion and research on the best possible strategies to benefit from our Caffeine farming.
This will be your very first opportunity to get early and tremendous farming incentives in advance to the official IDO. The entire Caffeine farming event will only last for 8 weeks, so don’t miss out on the fortune code.
The event will be officially kicked off on April 6. The treasure boxes are waiting for you to unlock.
About Crema Finance
Crema Finance is a powerful concentrated liquidity protocol that provides superior performance for both traders and liquidity providers. It deployed the first concentrated liquidity market maker (CLMM) algorithm on Solana mainnet that allows users to add liquidity within their specified price ranges. Crema aims to redefine the capital efficiency and trading depth in non-evm ecosystems through both its CLMM infrastructure and a series of affiliate innovations.
