Staking & Liquidity Mining
Staking Rewards ($SAL Native Asset)
Lychee features a modified staking emissions system for its native asset ($SAL), enabling users to earn consistent, competetive $SAL yield in the native asset.
Both $SAL token holders and Lychee NFT holders may "stake" on Lychee's dApp.
For information on revenue sharing, click here.
At the beginning of each fiscal quarter, Lychee boosts emissions up to 250% with an average starting native $SAL APR of 28.2% when 40% of users are staked.
This mechanism encourages users to keep their assets staked for the entirety of the month, and encourages them to re-up each quarter, promoting long-term interest in Lychee as well as greater community engagement.
Lychee may, from time to time, supplement liquidity mining $WETH rewards with capital from the Lychee Treasury, particularly at the outset (following TGE), when incoming revenue generated from platform use is still in its infancy.
Traditional stakers as well as NFT holders earn the same % APR on $SAL, the primary differentiator residing in distinct % $WETH rewards through revenue distribution as well as NFT-based airdrops.
Claiming
Users can claim their $WETH rewards every 15 days
$SAL rewards are not vested and can be claimed whenever you'd like
Unstaking
Users may unstake at any time, but if they unstake before the end of the 15 day cycle, they will not earn any $SAL tokens for that cycle.
Liquidity Mining
Users can also take advantage of liquidity mining incentives. By adding to Lychee's Uniswap LP for example, users can earn an additional 15% in $WETH rewards on top of the 10% $WETH that traditional stakers earn.
Harnessing the power of Layer Zero, Lychee may also from time to time seed incentives across any number of DEXs on any EVM chain, including new and upcoming chains. By seeding on other DEXs, Lychee is then entitled to collect that DEX's native token, increasing TVL and effectively making Lychee a de-facto governance aggregator.
To earn Liquidity Mining incentives, the user must stake $SAL and then add $WETH liquidity to the $WETH/$SAL liquidity pool on Uniswap V2, Lychee's primary DEX and liquidity pairing on Ethereum's Layer 1 mainnet.
Liquidity mining rewards are automatically compounded via Uniswap in the form of LP tokens, and the additional 15% in $WETH rewards can be claimed directly from Lychee's dApp every 15 days.
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