Liquidity Reward Portal (LRP)
Anyone who provides liquidity in Liquidity Reward Portal for $CHECKR-$EGLD of {} pool will get LP tokens named "TBD". These LP tokens can be staked in our LRP portal to earn $CHECKR reward. This is called Yield Farming.
A total of 175,000,000 $CHECKR tokens are allocated in this LR Portal for 8 years reward period as defined in tokenomics.
Benefits
Earn $CHECKR rewards Earn more $CHECKR with your $CHECKR. Reward claims can be done at any time. 10% is unlocked immediately and 90% is vested for 180 days.
Earn even more $CHECKR rewards Whenever a reward from the Vesting pool is claimed early by another Liquidity Provider, 20% of early claim is charged. Part of this revenue will be distributed as bonus reward to all Yield farmers.
Power up your Checker Profile Level By depositing your $CHECKR in the LRP, you will be eligible for future in-platform airdrops that can be used to boost or level up your Checker Profile Rank.
WARNING: Depositing $CHECKR in LRP is for long-term hodlers only! READ ON.
Depositing $CHECKR
You can use the LR Portal by depositing equal value amounts of $CHECKR and $EGLD.
$CHECKR LP Removal Fee
Because $CHECKR is so extremely valuable, there is a withdrawal fee of 0% on all tokens exiting the LRP. This amount remains in the LRP, and is split proportionally among the remaining liquidity providers.
Claiming $CHECKR Rewards
You must deposit $CHECKR via app.checkerchain.com/lrp to be able to receive these rewards. $CHECKR deposited via the Maiar pool interface will not earn rewards.
Whenever you claim $CHECKR from the LRP, it only yields you 10% of the accrued $CHECKR immediately, and the remaining 90% needs to be sent to the vesting schedule.
This ratio decreases over time (at 0.5% per day).
There are two types of fees: (a) LP Removal fee of 1%. (b) Early Claim Penalty of 20% from Vesting Pool
🚨 Risks
Beta Warning
CheckerChain LPR is in beta phase. Please explore and join the LRP at your own risk.
Impermanent Loss
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