Boosted rewards — 255,000 UST incentives round #2
Pursuing our quest to decentralize finance and money itself, we are happy to announce that the continuation of the 255,000 UST incentives distribution through Excalibur will begin on May 10th, 12am UTC.
Quick reminder: the 255,000 UST boosted rewards are to be allocated over a 3 month period, to Excalibur UST stakers only.
The first session happened during the last 30 days for a total value of 85,000 UST.
This time, a total of 42,500 UST boosted rewards will be distributed over a 15-days period of time, directed only for people that locked their deposit for at least 15 days.
The allocation between stakers for this 15-days period will be as follows:
- 65% to UST/FTM farm (27,625 UST)
- 25% to UST/USDC farm (10,625 UST)
- 10% to EXC/UST farm (4,250 UST)
A fresh 15-days lock into one of those pools will be mandatory to earn a share of the boosted rewards.
How to start earning boosted rewards?
- First, go to the farms list page on the app to find the boosted UST farms
- Lock a deposit into an eligible farm for at least 15 days. The deposit must be made after the start of the boosted rewards session (May 10th, 12am UTC), else it won’t be eligible.
- In case you already have a locked deposit with the required lock duration, you can simply renew its lock to make it eligible.
- Your displayed eligible deposit will show a “not synced” indicator, and the button “Synchronized” will become available. Click it and confirm the transaction: you should now have a “synced” mention, and both your eligible deposit and synced deposit should display the same values.
- You will now earn UST rewards during the whole 15 days period, that you can harvest any time you want.
If you need additional information about Excalibur boosts system, a comprehensive documentation regarding the whole process is already available here.
Social Media links
If you have any questions don’t hesitate to ask us through one of our social media links:
(Official Telegram or Discord preferred)
Main Telegram: https://t.me/excaliburexchange
Announcement Telegram: https://t.me/excaliburexchangeann