HomeCoinsDigitalBits (XDB)Updated XDB Liquidity Reward Program | by Daniele Mensi | DigitalBitsOrg |...

Updated XDB Liquidity Reward Program | by Daniele Mensi | DigitalBitsOrg | Nov, 2021

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How does the programme work?

Per day, there are approximately 6,700 Ethereum blocks during a day. Each block is

providing 0.4375 XDB. Therefore per day, there are approximately 2,931.25 XDB tokens per pool.

This program is automated! LPs can add and remove liquidity freely from Uniswap and this will be tracked at all times, and every time there is a change, the proportionate reward distribution readjusts for that period.

Below is an example of how rewards are calculated:

● You contribute $10,000 worth of liquidity for a week with the total XDB-ETH Uniswap liquidity pool is $200,000.

● Your share is 5%, therefore you are eligible for 5% of the total rewards for the week.

● Total reward amount for the week is 7 (days) times 2,931.25 XDB tokens(approximate daily reward) which equals 20,518.75 XDB tokens.

● In this example, your share of reward after 7 days is 1,025.9375 XDB tokens. In the future, this program may establish a KYC requirement at the discretion of the DigitalBits Foundation based on certain factors, including but not limited to the reward distribution size to certain accounts exceeding a certain size. This medium post will be updated from time to time with any program changes.



Read the original article here

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