News > IGG/MATIC Dfyn Liquidity Pool Reward Details: 21 November - 5 December
On Saturday 31 October, we released an article introducing IGGalaxy’s Liquidity Pool (LP) Incentive Program ahead of IGG’s listing on UniSwap. Shortly after, we released the details of IGGalaxy’s UniSwap Liquidity Pool Incentive Program which provided our first reward period of the IGG/ETH trading pair on UniSwap.
More recently, we announced that IGG/MATIC trading was now available on Dfyn. We have injected an initial liquidity of approximately 300,000 MATIC, and equivalent amount of IGG based on the price of IGG (on UniSwap) in relation to MATIC at the time.
Dfyn offers a fork of UniSwap that exists on Matic Network; unlike UniSwap, however, you will not need to initially swap your IGG tokens cross-chain to trade. In comparison, Dfyn offers far quicker transactions at much lower costs!
Today, we are pleased to share details of the latest addition to IGGalaxy’s Liquidity Pool (LP) Incentive Program. For those that missed it, this incentive program provides IGG and ORB tokens as rewards for those who support deeper liquidity for specified trading pairs.
IGGalaxy Liquidity Pool Incentive Program
The amount of rewards you receive from this pool will be based on the amount of liquidity you provide and the duration that you leave the liquidity over this reward period.
All eligible liquidity providers will share a pool of 5m IGG and 50,000 ORB! Simply add sufficient liquidity and leave it in over the reward period to earn from this incentive program.
Liquidity rewards for Dfyn!
This pool is in addition to our UniSwap incentive program for the IGG/ETH trading pair.
In order to begin trading your IGG tokens on Dfyn, you will first need to ensure you have MetaMask set up. MetaMask is a market leading multi-chain web-3.0 wallet that is available via browser extensions and a mobile app, allowing you to seamlessly interact with your wallet on DApps and websites of your choosing.
Once you have set up your MetaMask, you can import your Matic IGWallet using your private key or recovery phrase. You will then need to add MATIC as a “custom network”. Once done, you will be able to use MetaMask’s in-app browser or your MetaMask browser extension to connect to Dfyn!
To add Matic as a network on MetaMask, go to your settings, select “Network” and then “Add Custom RPC” to add the Matic Mainnet. You will then be required to enter the following details:
The “Chain ID” has recently updated from ‘137’ to ‘0x89’, so you will need to update this before you use MetaMask to connect with Dfyn if you have not done so already.
Once you are connected with Dfyn exchange, you can find IGG on the default lists and begin swapping your tokens or adding liquidity to the pool!
Anyone who provides IGG/MATIC liquidity on Dfyn exchange, who also meet the eligibility requirements, will receive a share of rewards allocated for the Dfyn incentive pool.
The process of adding liquidity on Dfyn is the same as UniSwap, where you will require a web3 wallet, such as MetaMask. Once you have a MetaMask set up with Matic Network added, alongside IGG and MATIC tokens in your Matic Wallet, you can follow the these instructions:
Please remember you must supply both sides of the pair at equivalent value. For example, if you provide 100,0000 IGG to the liquidity pool, you must add the equivalent amount of MATIC at the current price.
For each Automated Market Maker (AMM) Decentralised Exchange that we list in this program, we will provide rewards for those who support the IGG token economy by providing liquidity.
Please see below the key components to this incentive program that will apply to current and future pools:
Allocated Pool of Rewards
Eligible Wallets - Minimum Liquidity Requirement
Distribution of Rewards
Minimum Liquidity Threshold
IG Gold (IGG) is the operational token of IGGalaxy. We have provided an extensive but non-exhaustive list of use cases for IGG in our recently released LitePaper v2.0. This includes the requirement of IGG for entry fees/deposits for particular tournaments, premium subscriptions, team creation, team-player contracts and much more!
ORB tokens will play the role of a governance token for IGGalaxy and operational token for IGLabs. ORB can always be sold to IGLabs (at a current guaranteed rate of 5 IGG per ORB). 50% of all ORB tokens sold to IGLabs is burned from existence, effectively reducing the total supply, making it a highly deflationary token.
IGLabs now exists on Matic network, where Capsule creation is incredibly cheap! To start earning ORB tokens for storing your IGG in IGLabs Power Capsules, you can check out our guide on getting started with IGLabs to earn ORB.
What is the risks of providing liquidity?
If I add more liquidity over a reward period, will it count?
Will IG’s added liquidity count toward the program?
When will my rewards be sent out?
Where are my rewards? I haven’t received them
How do I collect the fees I have earned from providing liquidity?
To keep up to date with developments, please follow us on our various social media channels:
This article provides details of our third reward period for the IGG/ETH trading pair on UniSwap, between Sunday 29 November and Sunday 13 December 2020, where liquidity providers will earn a proportionate share of 10m IGG and 100k ORB!
November 30, 2020
If you are wondering how to trade on UniSwap or QuickSwap, MetaMask is your solution. MetaMask is a web3 wallet, available as a browse extension and mobile app. It is multi-chain and allows you to interact with dApps right in your browse or via the app, without running a full node.
November 1, 2020
Earlier on, we posted a tweet for a Bitcoin halving competition. Though many of you in the community have been here long enough to know exactly what this is, we recognise there are many of you that don’t. Everyone loves a competition, so we thought we’d take this opportunity to bring those of you that don’t know up to speed so you can take part!
May 8, 2020
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