Core Farm Pools (CFP) are exclusive pools for Merlin’s early adopters. If you are a liquidity provider and you read this, you are… so early !
The primary goal of those pools is to bootstrap initial liquidity for Merlin through providing a unique opportunity for early adopters to accumulate stMAGE. CFP pools will start before both the public sale and MAGE listing.
As promised to the community, CFP will only be live after the second part of Certik audit is published, which is due on Monday.
Start of CFP Emissions : Monday 24/04– 20:00:00 GMT+0
Deposit enabled duration : 10 days
Duration of emissions : 6m
Amount of emissions : 4000 stMAGE (5% of supply)
Start of reward harvesting : Wednesday Apr 26 2023 — 20:00:00 GMT+0000
Past 10 days, no deposit will be possible on the CFP, and only withdrawals will be allowed (do not worry, there will be plenty of Cauldron pools with a lot of Merlin’s partners coming next)
CFPs stand out for their distinctive feature of being endorsed by leading protocols native or bridging to zkSync, who have committed to allocate some substantial liquidity to their own pools. Those protocols that have partnered with us, believe in the high potential for Merlin to become the leading DEX on zkSync with its real yield narrative and long term sustainable token emissions design. As long-term partners of Merlin, these projects will receive stMAGE token emissions, ensuring a strong and sustainable commitment towards Merlin’s future objectives.
To provide these additional emissions, Merlin has allocated 5% of its total supply in stMAGE to the CFPs over the next six months, on top of the existing liquidity mining available on Merlin
While there were many protocols partnering with us, Merlin team made a careful choice of the protocols that would be able to participate into CFPs. Other partners will have incentivized Cauldron Pools later on. The selected partners eligible to contribute to our CFPs are the following :
- GMD Protocol
- Overnight.fi
- Metavault.Trade
- TarotFinance
Once live, liquidity providers will be able to deposit liquidity in the following pools:
- ETH/USDC
- USD+/USDC
- GMD/ETH
- MVX/ETH
- TAROT/USDC
By offering such rewards, Merlin is positioning itself as a leading place for liquidity providers, granting high and sustainable rewards from renowned partners. With CFPs, Merlin is taking a major step forward towards becoming the go-to DeFi protocol for liquidity providers looking for attractive and sustainable yield opportunities.
Get Involved
Website: https://mage.exchange/
Platform: https://app.mage.exchange/
Documentation: https://merlindex.gitbook.io/merlin/
Twitter: https://twitter.com/TheMerlinDEX
Telegram: https://t.me/TheMerlinDEX
Discord: https://t.co/C1NcoabQkF
Github: https://github.com/MerlinDEX
