Aluna Social Wave 3 Staking And Liquidity Mining

Published on: 16.06.2021

The next-generation gamified social trading terminal, Aluna Social launched wave 3 staking and liquidity mining program. There are 600,000 $ALN will be distributed via 2 new pools over 12 weeks starting on 17th June 2021, 12PM UTC. This includes an ALN single-asset staking pool, and a liquidity mining pool forUniswap V2 ALN/ETH LP tokens.

The ALN/USDC and ALN/USDT liquidity pools on Uniswap V2 will be discontinued to concentrate liquidity in the ALN/ETH pair.

Aluna Farm: Wave 3 Pools x2

600,000 ALN will be distributed via two new ALN farming pools:

100,000 ALN is allocated to the ALN token single-asset staking pool
500,000 ALN is allocated to the Uniswap V2 ALN/ETH LP token liquidity mining pool
Start Time: 17th June 2021, 12PM UTC
End Time: 9th September 2021, 12 PM UTC
Duration: 12 weeks

Aluna Farm: How to Participate

To get started, download a web3 wallet such as MetaMask or a WalletConnect-enabled wallet. You will need this wallet to interact with the Aluna Farm and decentralized exchanges like Uniswap. For liquidity mining, you first need to add liquidity to the ALN/ETH pool on Uniswap V2. This means adding an equal dollar amount of $ALN and $ETH to the Uniswap Automated Market Maker (AMM) protocol as liquidity. You will receive a Uniswap V2 ALN/ETH Liquidity Provider (LP) token in return.

To Participate In Any Pools

1. Navigate to https://aluna.social/farm on your PC/Laptop
2. Click “UNLOCK WALLET” at the bottom and select your web3 wallet
3. Click “Stake” at the right side of your selected pool
4. You should see your “ALN” or “ALN-ETH-LP Balance”. Click “Approve”.
5. Once confirmed. Click “Stake”

Once your stake is approved and your deposit confirmed, you will start earning $ALN immediately as long as the pool is active, and you can un-stake at any time. $ALN rewards are allocated every minute based on the proportion of your staked tokens against the total staked tokens in the same pool.