Indigo and MuesliSwap LP Farming. With the start of the Indigo deployment, we have… | by MuesliSwapTeam

With the launch of Indigo staking, we have received many questions about the compatibility of the MuesliSwap staking program and Indigo staking. This article explains how the two programs interact and how you can earn rewards in both programs.

TL;DR:

• LP tokens wagered on Indigo earning $INDY bounty will also be counted by MuesliSwap starting December 20, 2022 and will earn MYield bounty.
• Additional MYield rewards can be redeemed via the MuesliSwap website from December 31, 2022.
• The first snapshot of deployed liquidity on Indigo is on December 21, 2022, followed by the distribution of $INDY rewards a few hours later

Since December 7, 2022, MuesliSwap has been running a yield farming program on the iUSD/ADA liquidity pool and rewarding stakers with MYield tokens. It has been very successful and has already attracted 500,000 ADA worth of liquidity. If you want to learn more about the program and how you can earn yield farming rewards on MuesliSwap, read this Medium article: https://medium.com/@muesliswap/launching-iusd-ada-organic-yield-farming- f7080802d645

In addition, Indigo has announced and launched a yield farming program through the Indigo website, allowing for the earning of $INDY tokens by deploying MuesliSwap iUSD/ADA LP tokens on its platform. If you want to learn more about it, check out this Twitter thread: https://twitter.com/Indigo_protocol/status/1603868052017274884?s=20&t=OZ-0UJ8BFQ2SGr-X7qLQYQ

An important question is how and if these two programs will be compatible. Our goal is to explain the answer in this article.

Is the yield farm on Indigo different from the MuesliSwap yield farm?

First, we want to clarify that there will be two separate yield farms for MuesliSwap iUSD/ADA LP tokens: one via MuesliSwap and one via the Indigo website. From a technical point of view, these run via two different smart contracts. In general, the Indigo website does not track shares placed in MuesliSwap stake pools. But MuesliSwap will track shares placed in Indigo stock pools.

How can I earn double earnings bounty MYield and $INDY? How much will I earn?

If you visit the Indigo website and use tokens there, MuesliSwap tracks your used tokens. You will receive the same amount of MYield as you would earn by just staking tokens on the MuesliSwap website.

Your Indigo stake will also appear on the MuesliSwap website and you will collect farming yield rewards. This will start no later than December 20, 2022. In the meantime, we are working hard to release this feature earlier. If you wager Indigo before December 20th, your wager may not be immediately eligible for additional MYield rewards, but will begin accumulating on December 20th.

If you bet on Indigo, you can redeem your additionally earned MYield rewards no later than December 30th. The rewards will be collected in the meantime and displayed on MuesliSwap. If you cancel your bet before December 30th, your additional MYield rewards will be forfeited. If you cancel your bet after December 30th, you will receive all the rewards you have accumulated since you started your bet on Indigo, even if it was before December 30th.

Sounds good! where to start

From December 20th, go to https://app.indigoprotocol.io/trading/liquidity-pools to stake your LP tokens.

If you have previously wagered with MuesliSwap, you must first stake your tokens on this website: https://muesliswap.com/wallet/earnings?tab=farms

Can you explain the whole process visually?

Sure, here please!

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