Manufacturing Industry 4.0 company Smart MFG Tech has announced that it is launching its MFG Liquidity Mining Rewards on LINKSWAP today. LINKSWAP is a decentralized, community-governed Decentralized Exchange (DEX) and an AMM platform, which was created by YF Link (YFL). The team at YF Link says it aims to address “the pain points of second-generation AMMs” by offering such features as Reduced Impermanent Loss, RugLock, SlipLock that are not offered by other platforms.
Smart MFG Tech has said that the first integration of the MFG liquidity mining rewards will use the LINKSWAP LP (Liquidity Provider) Rewards service. It will allow LPs to deposit their LP token(s) (UNI-V2) to the participating rewards pool (ETH|MFG) and earn MFG rewards seamlessly. Smart MFG said it will continue to work with the YF Link team to provide support for other pairs and expand services.
LINKSWAP’s Rewards is a liquidity mining service that enables LPs to earn rewards for providing liquidity in a participating pool. YF Link has implemented a custom frontend solution for Smart MFG LP rewards pool on LINKSWAP. This will allow LPs to add liquidity to Smart MFG’s existing ETH|MFG pool on UniSwap v2 and deposit their LP token(s) (UNI-V2) to their LINKSWAP rewards pool (ETH|MFG).
Smart MFG explained how the rewards can be earned:
“LPs get a share of the transaction fees on Uniswap v2. This is calculated by how much liquidity is provided relative to the percentage of the entire pool.
LPs earn additional MFG rewards for their participation in our LINKSWAP rewards pool. There is no minimum deposit requirements or lock-up periods to participate and earn MFG rewards. Emissions will be reviewed and adjusted quarterly.
MFG LP Rewards Schedule for Quarter 1 (Q1), 2021:
Go Live Date & Time: February 8, 2021 @ Midnight UTC
End Date & Time: March 31, 2021 @ 11:59PM UTC
LINKSWAP Rewards Pool: ETH|MFG
Q1 Rewards Pool Total: 2 Million MFG”
Smart MFG has also provided a detail description on how to participate in the program. The company said that its goal is to “continually provide compelling reward mechanisms well into the foreseeable future to help boost and retain the loyalty” of its LPs as the company continues to further decentralize and grow its ecosystem.
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