Liquidity Staking

What is liquidity staking?

Liquidity staking is the process of staking the liquidity which you’ve add to a decentralised exchange (DEX). Adding liquidity to a DEX allows you to benefit from a portion of the trading fees when trades are carried out on the DEX.

Liquidity staking adds an additional benefit to incentivise users to provide liquidity to a DEX. Rewards typically include earning additional tokens or earning entry into giveaways.

Current programmes

DeRace currently running two liquidity staking programmes, using Unicrypt on Etherium and Quickswap on Polygon.

Unicrypt LP Staking - Wave #3

Stake your DERC-USDC tokens with Unicrypt.

Duration: 3 months (approx)
From: 24th of January 2022
To: 24th of April 2022

Official announcement

Rewards

150,000 $DERC: 150,000 $DERC tokens are locked into the liquidity provider pool as a reward for staking
95 horses: 95 horses of various tiers will be awarded to the stakers
30 Opie avatars: 30 Opie avatars will be awarded to the stakers
110 Love Potion NFTs: 110 Love Potion NFTs will be awarded to the stakers

How-to guide

Quickswap LP Staking

Stake your DERC-USDC liquidity tokens with Quickswap.

Duration: 3 months (approx)
From: 10th of November 2021
To: Mid February 2022

Official announcement

Rewards

300,000 USDC worth of $dQUICK: 300,000 USDC worth of $dQUICK tokens are locked into the liquidity provider pool as a reward for staking
15 horses: 15 horses will be awarded to the top stakers. Horses to be selected randomly from 1 Demi-god, 1 Alfa, 5 Beta and 8 Omega
10 horses: 10 horses of random tier will be randomly awarded to stakers
7 Opie avatars: 7 Opie avatars will be randomly awarded to 7 stakers

How-to guide

Previous Liquidity Staking Schemes

Etherium - Unicrypt LP Staking - Wave #2

Duration: 3 months
From: 5th of October 2021
To: 5th of January 2022
400,000 $DERC: 400,000 $DERC tokens are locked into the liquidity provider pool as a reward for staking
50 horses: 50 horses will be awarded to the top stakers. Horses to be selected randomly from 2 Olympian, 3 Demi-god, 5 Alfa, 15 Beta and 25 Omega
30 horses: 30 horses of random tier will be randomly awarded to stakers
20 Opie avatars: 20 Opie avatars will be randomly awarded to 20 stakers

Official Medium Article

Etherium - Uncrypt/DAOMaker LP Staking - Wave #1

Duration: 2 months
From: 5th of August 2021
To: 5th of October 2021
400,000 $DERC: 400,000 $DERC tokens are locked into the liquidity provider pool as a reward for staking
40 horses: 40 horses will be awarded to the top stakers.
20 horses: 20 horses will be randomly awarded to stakers
10 Opie avatars: 10 Opie avatars will be awarded to 10 stakers

Originally staking LP tokens on DAOMaker, it was announced that DeRace would be switching to use Unicrypt instead, as well as adding additional rewards.

Official Medium Announcement Medium article - Unicrypt switch

Liquidity Staking