Algebra Exclusive Limited MATIC/USDC Farming
Farming Pair: $MATIC / $USDC
Approximate APR: 37%
Total rewards: $5,000
Duration: May 3rd — May 10th (1 week)
Maximum Pool Size: $700,000
The tipping point is that the rewards will be paid out in USDC! The amount of the rewards totals $5,000 and will be distributed among all farming participants. The max amount of liquidity locked for this event is $700,000. Don’t put it off — join farming in time.
Remember: to join this Limit Farm, you need to provide liquidity to a $MATIC / $USDC pool in advance and enter between April 29th, 15:00 UTC and May 3rd, 15:00 UTC.
As the Limit Farm opens, you have 5 days to provide liquidity to a pool and enter farming. Once the pool is filled and the farm is closed for entrance, the liquidity you provided will be locked until the end of the farm, and no further users will be able to join. We recommend you to add liquidity to a pool in advance, so as not to miss out. To learn how to do so, you can read our ‘How to Add Liquidity on Algebra’ article.
Don’t forget that WMATIC and MATIC make no difference: If you have WMATIC and want to participate in farming which includes MATIC, don’t worry! Algebra will automatically swap WMATIC to MATIC when you enter a farming event.
Increase Liquidity with Multi-Level Farming
With our new multi-level farming mechanics, we’re excited to introduce exclusive farming conditions for ALGB holders!
- If you lock up 7,000 ALGB (around $100), you will get +5% to your liquidity!
- If you lock up 70,000 ALGB (around $1,000), you will get +10% to your liquidity!
- If you lock up 700,000 ALGB (around $10,000), you will get +30% to your liquidity!
If you’re not in the loop yet, learn more about our multi-level farming approach in detail here. Anyways, let’s quickly recall how it works.
- When you enter a farming event, let’s say, on April 29th, you will be able to choose a tier and get additional profit by taking part in farming.
- There are 3 tiers: Bachelor, Master, and Professor. Each tier brings in an extra coefficient which will multiply the amount of liquidity you provide. In the end, you will get even bigger returns distributed in USDC!
- What you need to do is to buy a certain amount of ALGB tokens: for $100, $1,000, $10,000. If you already have some ALGB, that’s terrific! Just lock the required amount of ALGB during the farming event and enjoy the increased liquidity after farming finishes.
- If you don’t want to harness multi-farming, you’re free to skip this option.
Just imagine how lucrative farming will be if you choose “Professor” and get +30% additionally to the approximate APR.
About Algebra
Algebra is a decentralized exchange on Polygon supporting concentrated liquidity. Algebra has everything you need for smooth trading and a seamless liquidity-providing experience: swaps, adaptive fees, staking, deflationary token support, and built-in farming of two kinds — Limit & Infinite farms with the highest APRs on the market.
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