Nova Finance Collaboration With Orca
Nova Finance are very excited to launch their program in collaboration with Orca to provide a NOVA/USDC pool.
Swap here: https://www.orca.so/?input=USDC&output=NOVA
Provide liquidity & Earn rewards here: https://www.orca.so/pools?pool=nova/usdc
Why participate?
This is the chance to support the Nova ecosystem and help it grow. Providing liquidity makes it easier for other people to take part in the Nova ecosystem.
If you are a long term supporter of Nova then this is a good way to earn Nova token. Nova tokens will be valuable at product launch and our governance release shortly after!
The rewards schedule
They are giving away 50,000 NOVA during this program.
During the next 12 weeks, you will have the opportunity to earn Nova token AND Orca governance token, kindly provided by Orca.
The first iteration of the Nova liquidity mining program will run for 12 weeks starting today. At the end of this period. A proposal will be made within our governance system on how to continue on the program.
Here is the emissions schedule below
Make sure liquidity mining is suitable for you
Liquidity mining can be a great way to contribute to the Nova ecosystem and earn additional Nova tokens but it does pose some risks to be aware of:
- As with any DeFi protocol, be aware of smart contract risk
- If the price of Nova token falls, the dollar value of your assets will decline
- Due to the process that an AMM follows, if the price of Nova significantly changes, you can be exposed to impermanent loss. This article by Binance is a useful resource.
About Nova Finance
Nova is a programmable asset framework that allows people to access DeFi without having to learn complex financial management skills. Within the product, users can create a portfolio of assets that auto-generate returns through yield strategies while auto-executing on investment strategies such as dollar-cost averaging, take profit calls, and much more.
