Instrumental Finance
  • 🎺Welcome to Instrumental Finance
  • Introduction
    • 🔭Overview
    • 2️⃣Layer 2 Capabilities and Limitations
    • ☑️The Instrumental Solution
      • Use Cases
      • How-to Guides
      • Initial Strategies
      • Tech Stack: Leveraging Composable Finance’s Mosaic Technology
        • Bridge Aggregation Technology
        • Strategies: Yield Optimization and Portfolio Management
  • Tokenomics
    • 🪙The Instrumental Token (STRM)
      • Use Cases
    • 💰Token Distribution
      • Thanksgiving Alpha Airdrop
        • $STRM Airdrop and Strategy Stakers Token Distribution
      • Liquidity Bootstrapping Pool
        • How to Participate
        • LBP Results
      • Liquidity Rush & Boosting ETH-STRM SLP Earnings
      • STRM-ETH Bonds on Olympus Pro
  • Roadmap
    • 🛣️Roadmap: Broad Vision
    • 🗺️Technical Roadmap
  • Team
    • 🤾‍♂️Team
  • FAQs
    • ❔FAQs
  • Community
    • 🥂Connect with Us
  • Audits
    • 🕵️Audits
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On this page
  • Liquidity Rush Results
  • Next Steps for Your ETH-STRM LP Tokens
  1. Tokenomics
  2. Token Distribution

Liquidity Rush & Boosting ETH-STRM SLP Earnings

PreviousLBP ResultsNextSTRM-ETH Bonds on Olympus Pro

Last updated 3 years ago

We held a liquidity rush for 3 weeks where stakers of STRM-ETH SushiSwap LPs (SLPs) were able to earn STRM.

After we concluded our LBP TGE event on Copperlaunch on the 9th of December 2021 raising $3.22 million, we seeded the ETH-STRM liquidity pool on Sushiswap and immediately kickstarted a Liquidity Rush Program where LPs can supply liquidity to the ETH-STRM pool and deposit their LP tokens on the .

In the Liquidity Rush event, there were multiple programs:

  • Stakers of STRM-ETH SushiSwap LPs (SLPs) who staked within the 3 week liquidity rush earned 3% of $STRM which could be claimed immediately.

  • Users locking STRM-ETH SLPs within a three-month locking period will also earn 5% to be vested over three months.

  • Users will also be able to lock STRM tokens, to obtain veSTRM. Users who lock veSTRM have the option to lock for:

    • 1 month

    • 3 months

    • 6 months

    • 1 year

    • 2 years

5% of $STRM tokens will be distributed to lockers of veSTRM within the first month to vest over three months.

In Summary:

  • Stakers of STRM-ETH Sushiswap LPs (SLPs) during three weeks earned 3% of $STRM which could be claimed immediately.

  • Users locking STRM-ETH SLPs within a three-month locking period will also earn 5% to be vested over three months.

  • Users who are locking veSTRM will earn 5% if they lock within the first month, to be vested over three months.

Liquidity Rush Results

For the duration of the Liquidity Rush Program, we recorded a total of $1,131,199 TVL within 3 weeks. LPs earned 687.34 APY and 3% of $STRM was distributed to stakers, vested over three months.

This liquidity rush program has been a tremendous step forward in enabling our efforts as we continually hone in on our vision for a more interoperable blockchain environment. We want to thank all contributors for their participation and their support in helping us edge closer towards realizing a chain-agnostic ecosystem for liquidity provisioning.

Next Steps for Your ETH-STRM LP Tokens

As the Rush Program has come to an end, here are the next steps to follow to boost your APY earnings for your ETH-STRM LP tokens now unlocked.

First, as a user who participated in the liquidity rush program, you are able to withdraw your original ETH-STRM LP tokens in addition to the $STRM that you have earned as rewards in the liquidity rush.

After withdrawing and harvesting your ETH-STRM LP tokens, users can lock the newly withdrawn ETH-STRM LPs for three months for additional and superior yield.

The additionally claimed $STRM from the program can also be to participate in revenue share opportunities. You can choose your STRM lock period from a 1-month minimum lock period to 2 years. The longer your lock period for your $STRM, the more earnings you get.

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Instrumental app
locked for veSTRM