xEarn Yield Farming Protocol is a fairly established, community-driven, decentralized platform. Any person who provides liquidity and thus contributes to the QuiverX/xEarn ecosystem has an opportunity to earn rewards commensurate with their contribution to the platform.
Goals
Fair and reliable: xEarn aims to level the playing field and give participants an equal chance to succeed. There will be no pre-sales, no early farming and no developer wallets, so everyone involved can benefit.
Driven and supported by the community: For an emerging project to be successful, it needs a strong community, and a strong community can only be built when support goes both ways. xEarn will be structured to give back to the community more than it asks in return by splitting a large portion of its fees among liquidity providers and using additional available resources to improve the platform.
specifications
Defi can be difficult to understand. As a result, many users are left out. xEarn aims to make the process clear by providing easy-to-understand guidelines.
By depositing Ethereum along with an equivalent xEarn or QRX value into the relevant Uniswap liquidity pool, you will receive a UV-2 token.
UV-2 tokens are deposited on the xEarn platform.
You can deposit USDT/USDC directly into the xEarn yield farming contract yourself.
You can also deposit a quiverX/xEarn pair at Uniswap and get an LP token to purchase xEarn.
The rewards will be distributed in xEarn tokens, which will be the governance token for the QuiverX/xEarn ecosystem – and easily traded on Uniswap.
Farming Couples (rewards per week / per pool)
xEarn / Eth UNISWAP LP Pair: (10% of payout goes to Treasury)
Week 1-2: Eth/xEarn -1363.62
Week 3-6: Eth/xEarn – 681.84
Week 7-12: Eth/xEarn – 454.56
Week 13-20: Eth/xEarn – 340.92
quiverX/xEarn yield farming pair (10% of the payout goes to the Treasury)
Week 1-2: QuiverX/ xEarn – 454.54
Week 3-6: QuiverX / xEarn – 227.27
Week 7-12: QuiverX/xEarn – 151.52
Week 13-20: QuiverX/ xEarn – 113.64
quiverX / Eth UNISWAP LP pair (10% of the payout goes to the Treasury)
Week 1-2: Eth/QuiverX – 340.92
Week 3-6: Eth/QuiverX – 170.45
Week 7-12: Eth/QuiverX – 113.63
Week 13-20: Eth/QuiverX – 85.22
USDT token (10% of payout goes to Treasury)
Week 1-2: USDT – 170.46
Week 3-6: USDT – 85.22
Week 7-12: USDT – 56.81
Week 13-20: USDT – 42.61
USDC token (10% of payout goes to Treasury)
Week 1-2: USDC -170.46
Week 3-6: USDC – 85.22
Week 7-12: USDC -56.81
Week 13-20: USDC – 42.61
Ministry of Finance: 0x640c3064CB05213f9Aebc180795bBD84AaA15a69
xEarn total supply: 20,000
Shelf life: 20 weeks
Start time: 10/24/2020 18:00 UTC
xEarn incentives
To incentivize holders and community, xEarn will implement a tiered reward system focused on returns to liquidity providers within the QuiverX/xEarn ecosystem.
This is accomplished by increasing farming rewards in the xEarn/QuiverX reward pools as detailed above.
In addition, there is a 10% fee for withdrawing or selling liquidity and these fees are held in the xEarn cash balance. This increases the dwell time of liquidity providers in each pool and discourages individuals from jumping in and out haphazardly.
The Treasury will allocate 75% of the xEarn rewards, which will be distributed to the remaining liquidity providers at the end of each month.
5% of fees are allocated to the xEarn Grant program, a fund to reward members of the community who contribute talent or service to the Protocol and are recognized for their service by their peers, or who successfully recommend a new company that meets all of our requirements and is officially listed on our platform. The amount received is in proportion to their contribution and is determined by the governing body of the community.
The remaining 20% of the fees are paid into the xEarn DAO fund and used to implement community suggestions.
These liquidity incentives are distributed 60% to xEarn Liquidity Providers, 30% to QuiverX Liquidity Providers, 5% to USDT Providers and 5% to USDC Providers.
Additionally, xEarn holders can earn up to 10% additional wagering rewards on their QuiverX wager for every xEarn they have, up to 10 xEarn or more.
Example: 7 xEarn gives you an additional 7% wagering bonus. This means that if you happen to be in the 3 month staking pool and the APY is originally 18%, owning 7 xEarn would give you 25% APY on your 3 month staking contract.
Also, for holders of 10 xEarn or more, fees are reduced when entering or exiting investment opportunities on the QuiverX platform or listing a company on the platform.
guide
The goal of the xEarn Governance program is to provide an organized and effective way to make the voice of the community heard through careful consideration and to act on it.
xEarn owners can vote on available listings on the QuiverX platform and propose them as a featured monthly community listing.
These community listings will feature 1 in 5 prime ad space on the QuiverX website home page, which will help drive adoption of community-favored projects.
xEarn holders with 100 or more xEarn and at least 1,000,000 QRX can vote for additional farming pools and rewards after completing the first 20-week farming period.
In addition, xEarn owners can submit proposals for development upgrades and marketing, which will be paid for by the xEarn Treasury.
Community members who contribute to the xEarn/QuiverX ecosystem are also eligible for special rewards from the xEarn Grant Fund.
Website: https://xearn.capital
Questions? Send us a message via Telegram:
@Y0giJi/ Ivan
@Smadaekim/ Mike
Uniswap: https://uniswap.exchange/swap/0x6e0dade58d2d89ebbe7afc384e3e4f15b70b14d8
▪️Website: https://quiverx.io
▪️Tg group: https://t.me/QuiverXCapital
▪️Twitter: https://twitter.com/quiverx5
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