Stake
Yield Farming has recently been the focus of interest and discussion in the broader crypto community, initiating a new era for DeFi via liquidity mining.
The popular formulas of current liquidity mining are:
Daily output per user = Daily output of the mining pool * Staked amount/Total staked amount
Under this model, the whales become the top winners, they can easily take away nearly all liquidity rewards and irrational sellout their yield. And this is a harsh predatory game for shrimps. With the rise of yield farming, whales are the most common concern for DeFi farmers.
To solve this problem and toward a more sustainable ecosystem of DeFi, we create the Liquidity Mining with algorithmic adjusted.

Mining Power

In DEGO, we used a set of deterministic algorithms for liquidity mining, convert the LP token staked by users into POWER (similar to the hashrate of Bitcoin mining), and getting earnings through them. Under this model:
    Daily output per user = Daily output of the mining pool * POWER / Total POWER
    POWER = Staked LP token amount * Coefficient of correspondence

Calculation Formula of POWER

We divide users into three ranges according to their staked amount:
    a) Worst range: users with the most staked amount = 1 time rewards
    b) Best range: users with the intermediate staked amount = 5 times rewards
    c) Common range: users with the smallest staked amount = 3 times rewards
For example, User A staked 10 LP Tokens and is currently in the common range, then his POWER is 10 * 3 = 30 POWER

Initial Three Ranges

The numbers of the initial three ranges are [10, 10, total number-20]. As the total number of users increases by 100 people, the worst range and the best, range increase by 10 slots, up to a maximum of 50 people.
Total Number of Users
Worst
Best
Common
50
10
10
30
101
20
20
61
200
30
30
140
300
40
40
220
400
50 max
50 max
300
1000
50 max
50 max
900
    If tokens staked for minng stay "staked" for less than 72 hrs, 10% of the rewards are deducted if you choose to Harvest then the deducted rewards will be transfered to the Dividend Pool.
    Mining Production halved in every 7 days.

Liquidity Mining Pools

    Pool 1: DEGO-ETH UNI-V2 LP -- 20% of the Mining Pool (4,200,000 DEGO)
    Pool 2: DEGO-UNI UNI-V2 LP -- 2.5% of the Mining Pool (262,500 DEGO)
    Pool 3: USDT -- 5% of the Mining Pool (1,050,000 DEGO)
    Pool 4: WETH -- 5% of the Mining Pool (1,050,000 DEGO)

How to Participate in Liquidity Mining

How to Obtain LP Token

1) Open the Stake and choose a LP pool
2) Click the link and jump to Uniswap page
3) Add Liquidity
4) Receive LP after confirmation
Last modified 1yr ago