League of Stakes V3 — In Collaboration with Nuls, Including Project Y Farming update!
Introducing League of Stakes version 3, collaborative staking with NULS, including a Project Y farming update for Pool 2 & Pool 3.
Rivexians,
The time has come to introduce our third and final round of staking with RiveX, League of Stakes version 3. Read on to get up to speed with the latest staking parameters and our newest staking partner, NULS. More info on Nuls coming soon!
We have also updated Pool 2 and Pool 3 for Project Y.
League of Stakes version 3
Key Points
- 800k RVX reserved for rewards for RVX stakers
- 200k RVX reserved for rewards for Nuls POCM
- 15% fixed APR
- Staking cap of 5.3M RVX
- Staking deposits open for one month
- 3-month staking lock-up
The new League of Stakes will run for a total of three months and offer a fixed 15% APR. To achieve this fixed 15%, we have introduced a max staking cap of 5.3M RVX. This means that it's first come, first serve. Once the max cap has been reached, no new staking deposits will be accepted. Staking deposits will be closed exactly one month from launch! Once you stake, you will not be able to unstake until LOS v3 ends, your coins will only be unlocked after 3 months. There is a total of 800k RVX reserved for RiveX community staking, and a further 200k RVX reserved for NULS community staking, find out more below.
Staking with NULS POCM (Proof of Credit Mining)
Moving to League of Stakes v3
For those that haven’t already, you will need to unstake from the old League of Stakes and move to the new one. Head on over to rivex.finance/staking and click the top button to switch between LOS v3 and LOS v2, then click “Exit: Claim and Unstake All” and follow the Metamask prompts. Ensure you have sufficient ETH for gas and pay attention to the gas fee.
Once you have unstaked and the transaction has confirmed, you can switch back to the new League of Stakes v3 dashboard and click “STAKE”. Follow the Metamask prompts to complete the deposit. You are now earning RVX once again, happy staking!
Farming update
We have decided to launch two updated farming pools, Pool 2 & Pool 3 which each include an extra 1000 YRX rewards to be farmed. Those that are farming on the old pools will need to move to the newly launched pools, please follow below:
Pool 2 update — New pool launched with extra YRX rewards
This will be the new pool used for providing liquidity for the RVX/USDT pair on Uniswap to farm for YRX
Contract address: 0xBd455F35BC5e531999B1C8fC72DF938767aA69b9
- 1000 YRX allocated for rewards (Additional rewards to be distributed)
- Duration: 12 weeks
- Deposit your existing UNI-V2 LP tokens to farm for YRX
- Start time: 18 January 2021, 6 PM SGT
Pool 3 update — New pool launched with extra YRX rewards
This will be the new pool used for providing liquidity for the YRX/ETH pair on Uniswap to farm for YRX
Contract address: 0xa690DE6fBBa99547c96Ac06767217A022e1e5CF8
- 1000 YRX allocated for rewards (Additional rewards to be distributed)
- Duration: 12 weeks
- Deposit your existing UNI-V2 LP tokens to farm for YRX
- Start time: 18 January 2021, 6 PM SGT
What needs to be done?
If you were farming on the old pool 2 and pool 3, you simply need to unstake and withdraw your UNI-V2 LP tokens from the old pools, then deposit these tokens into the new pools. Follow the steps below:
If you were farming on the old closed pools (RVX/USDT and YRX/ETH), simply click “Unstake and Withdraw”. Follow the Metamask prompts. Make sure you have enough eth for gas!
Once you have withdrawn your UNI-V2 LP tokens from the closed pools, select the new Pool 2/Pool 3 and click “Deposit” to deposit your tokens here. Follow the Metamask prompts. You are now farming YRX on the new pools!
About RiveX Foundation
RiveX is a chain agnostic interoperable layer-2 solution across different blockchain protocols. RiveX aims to empower the next generation of decentralized applications, decentralized finance, and enterprise solutions. RiveX has comprehensive interoperable DeFi solutions such as RX Wallet which aims to integrate DAPPS from different blockchain protocols to enable an interoperable DeFi ecosystem within RX Wallet itself.
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