Kava Swap/Lend | Surge Increase APYs for New IBC Assets & Liquidity Pools March 30, 2022

2 min read

Surge: Round 3 inbound! $ATOM, $OSMO, $LUNA, $UST, and $AKT fans get ready for boosted Reward APYs 🚀

How It Works

  • Where will the APY rewards come from? If the proposal passes, $SWP rewards for this Surge event will be reallocated relatively evenly from the existing pools so that their reward APYs are still competitive. This change in incentives will attract significant fresh liquidity into the Kava ecosystem and offer a better onboarding experience for users looking to acquire new IBC assets. All rewards earned during the Surge program will be locked on the same 1 or 12-month vesting schedules as other rewards.
  • How long does each surge last? There is no fixed timeline for each Surge event. However, each Surge event will last at least until the next IBC asset listing and its Surge event. That means each Surge lasts for one month at a minimum, at which point $SWP holders will have the ability to vote again on the next proposal for adding new pairs.
Early liquidity providers can expect to receive reward APYs up to 2000% during the Surge, especially at the beginning. The reward APYs will reduce with time as more people supply liquidity to the pools.

How to Participate

  • Follow the Kava Swap Twitter account to keep track of the Surge program.
  • Vote for the proposal to list and incentivize new IBC asset pairs.
  • Get ready to supply your assets! Deposits are live on the Kava app.
  • Review tutorials on setting up your Keplr Wallet and using Kava Swap.
  • Add liquidity to your favorite Kava Swap pools and claim your rewards anytime.
  • Is your team or project interested in listing a token on Kava Swap? Hop into the developer channel of Kava’s Discord server to get connected: discord.com/channels/704389840614981673/710227152192405569

About Kava Swap

Read More: https://kavawire.com/participate-in-kava-surge-earn-triple-digit-interest-on-your-atom-by-lending-to-kava-lend/


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