Aluna Joins QuickSwap’s Dragon Syrup and ALN Liquidity Mining Pool
Aluna is joining the sweetest thing on QuickSwap! That’s right, ALN has been added to the QuickSwap Dragon’s Syrup pool and the rewards will be dripping to $dQUICK stakers over the coming weeks!
As part of the 7 week campaign, $40,000 worth of $dQUICK tokens will be distributed among ALN-ETH liquidity providers who stake their LP tokens, while the Dragon’s Syrup Pool will begin on 11/11 and distribute 550,000 $ALN tokens over 30 days to $dQUICK stakers.
“This novel liquidity mining program with QuickSwap will help showcase the powerful benefits of the Aluna.Social trading terminal and provide an opportunity for all market participants to come and experience gamified social investing at its best.”
Alvin Lee, Co-founder of Aluna
How Does It Work?
- Provide liquidity by staking ALN & ETH in the “Pools” tab on QuickSwap — This earns you trading fees in the tokens you provided.
- Deposit LP tokens from step 1 using the “Farms -> LP Mining” tab — This earns you dQUICK, which also gets you a share of ALL trading fees that QuickSwap generates.
- Stake your dQUICK in the Dragon’s Syrup Pool to earn ALN tokens under “Farms -> Dragon’s Syrup” tab on QuickSwap.
Learn how to bridge ALN to Polygon or add Liquidity to the ALN-ETH pool on QuickSwap here.
Earn $dQUICK from ALN-ETH Liquidity Mining on QuickSwap
Starting on 20th October 2021, 6PM UTC, liquidity providers of the ALN-ETH pair on QuickSwap can stake their LP tokens to earn $dQUICK tokens.
$40,000 worth of dQUICK tokens (1.56 dQUICK/day) will be distributed over 7 weeks.
- Start: 20 October 2021 at 6 PM UTC.
- End: 8 December 2021 at 6 PM UTC.
To access the QuickSwap LP Mining program and earn $dQUICK follow these steps:
- From the QuickSwap Interface, click on the tab “Farms”.
- From the drop down menu that appears when you hover over it, select “LP Mining”.
- Scroll through the participating pools to find ALN-ETH for staking and select the pool you’d like to farm. Then click “Deposit”.
- Enter the amount of “QUICK-V2 ALN-ETH” LP tokens you’d like to stake to earn $dQUICK rewards. Then, click “Approve”. Wait a moment for the transaction to confirm, then click “Deposit”.
- You should then see your deposited “QUICK-V2 ALN-ETH” LP tokens on the LP Mining page.
That’s it! You are now earning yield from staking your LP tokens to earn $dQUICK. dQUICK rewards will be proportionately distributed over 49 days relative to the liquidity provider’s share in the pool.
Earn $ALN by Staking $dQUICK in Dragon’s Syrup
Dragon’s Syrup is a new way to generate extra yield on QuickSwap.
Dragon’s Syrup enables QUICK stakers to generate yield over and above what they’re already earning from staking in the Dragon’s Lair by distributing ALN tokens to those who stake their dQUICK in the Dragons’ Syrup rewards pool.
In other words, users will not only earn yield for staking QUICK, but they will also earn $ALN as passive income. This program is super sweet for stakers, and will give Aluna.Social increased exposure and promotion.
550,000 ALN tokens will be distributed (0.55% of supply) over 30 days.
- Start: 11 November 2021 at 4.30 PM UTC.
- End: 11 December 2021 at 4.30 PM UTC.
To access the Dragon’s Syrup program and earn $ALN follow these steps:
- From the QuickSwap Interface, click on the tab “Farms”.
- From the drop down menu that appears when you hover over it, select “Dragon’s Syrup”.
- Scroll through the assets to find ALN for dQUICK staking and select which pool(s) you’d like to farm. Then click “Deposit”.
- Enter the amount of dQUICK tokens you’d like to stake to earn ALN Syrup rewards. Then, click “Approve”. Wait a moment for the transaction to confirm, then click “Deposit”.
- You should then see your deposited $dQUICK on the Dragon’s Syrup page.
That’s it! You are now earning compound yield from first staking your $QUICK to earn more of itself (automagically done via LP Mining), and then from staking $dQUICK to earn $ALN. Congratulations you are now earning passive income!
Need help becoming a QUICK staker to earn dQUICK first? Read this Guide.
About QuickSwap
QuickSwap is a fork of the originator of Automated Market Makers (AMM) in the now rapidly expanding DeFi sector of the Cryptocurrency industry, Uniswap. QuickSwap has the most users, tokens, TVL, and Volume of any AMM on Polygon (formerly Matic Network). Polygon features lower transaction fees compared to the Ethereum mainnet, enabling QuickSwap to facilitate token swaps at a lower cost relative to exchanges like Uniswap v2.
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About Aluna Social
Aluna.Social is a gamified social trading terminal built for the Web3 world. With a transparent social environment, top traders are rewarded monetary and reputationally, beginner traders can learn from experts and automatically copy their trades, and all traders can manage multiple exchange accounts from one place. Aluna.Social is currently integrated with 7 exchanges, including BitMEX, Binance and Bitfinex, and has over 30,000 users and $60M in monthly trading volume.
Website | Twitter | Discord | Telegram Group | Telegram Channel
