💲OneDex DeFi
Be your own bank, save and earn yield as never before!
Last updated
Be your own bank, save and earn yield as never before!
Last updated
$REWARD token will be farmed on OneDex. Both LP Pools - HODL/EGLD & REWARD/HODL as well as Single Asset Staking Pool for $REWARD tokens will be incentivised. This means, if you don't want to participate in LPs, and you are earning $REWARD via #HODL & Earn $REWARD system, you will still be in a position to earn interest via staking your $REWARD tokens.
To participate in the liquidity providing you need to have both assets you intend to add liquidity to in your wallet.
LP token can be staked in the LP Farm to earn $REWARD tokens. The amount of $REWARD you earn will be dependent on the amount of LP tokens you staked. We will update the amount of $REWARD per 1 LP per year on a weekly basis to achieve the planned yearly issuance.
Farmed $REWARD can be compounded in the $REWARD Single Asset Farm to earn even more $REWARD tokens. To encourage hodling and benefiting long term investors, we will randomly create very high/high weeks of %APR as well as low/very low weeks. That way, potential mercenary investors will find it hard to leverage the system for their personal gains.
LP withdraws, removal, unstaking will be free, without any penalties and none of our tokens will be ever locked. Enjoy freedom!
With DeFi around $REWARD and $HODL tokens there will be many possible strategies. Keep reading for a few possible scenarios down below.
Please note that below strategies are NOT FINANCIAL ADVICE! The strategy scenarios are a few of many possible, used solely to visualise the concept of different possibilities and how to play the game. Crypto assets are very volatile and nothing is guaranteed, feel free to reach out to your financial advisor for expert opinions.
Strategy 1 Example (Easy Retirement Plan):
Add liquidity to HODL/EGLD or REWARD/HODL or both
stake LP token(s) in LP Staking Farm(s) -->earn $REWARD tokens
stake $REWARD tokens in $REWARD Single Asset Staking Farm to earn more $REWARD
re-stake earned $REWARD
rinse and repeat to build generational wealth over time
Strategy 2 Example (Use first farm to build 2nd for free):
Add liquidity to HODL/EGLD
stake LP token in LP Staking Farm --> earn $REWARD tokens
stake 50% earned $REWARD tokens in the $REWARD Single Asset Staking Farm to earn more $REWARD
swap 50% of remaining $REWARD tokens to $HODL token
add liquidity to the REWARD/HODL LP
That way you are going to be able to build a second LP farm to benefit from high %APR in the beginning and capture more $REWARD to stake and re-stake in the $REWARD Single Asset Staking Farm to build generational wealth.
Strategy 3 Example (Proper Farmer):
Add liquidity to HODL/EGLD
stake LP token in the LP Staking Farm --> earn $REWARD tokens
swap 50% of farmed $REWARD to $EGLD
add more liquidity to the HODL/EGLD LP
rinse and repeat for 1 to 2 year(s)
After this period your LP position should be really big to make a difference! Then follow Strategy 2 to start building a position in the $REWARD Single Asset Staking Farm to secure your future.
Depending on the strategy you use and your initial investment you should be able after 5 years to take out 50% of earned $REWARD from the $REWARD Single Asset Staking Farm to exit the system and have a stable passive income stream to enjoy your life.
