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DEVELOPER

Liquidity Mining

Provide Liquidity

In Y Pool, user can choose one chain to provide liquidity of pool token such as USDT, pool token of each chain is regarded the same value.

After providing liquidity, user will get

`xyUSD`

shares as proof.Mining Rewards

Liquidity mining rewards contains two parts:

**cross chain fee****XY Token rewards**

Cross Chain Fee

Each X Swap has corresponding cross chain fee depends on the swap amount, and the 80% fee will go to Y pools, 20% fee goes to DAO treasury.

With the pool grows, the underlying value of

`xyUSD`

also increase.XY Token rewards

A Liquidity provider will get XY Token rewards basically depending how much

`xyUSD `

he/she staked. If he/she had locked some `XY`

in `Vote-escrowed XY `

contract, there would be a boost rate considered when he/she stakes.Therefore, in staking reward contract, you can imagine that the reward will be distributed not just by the ratio of one's staked amount over total staked amount, how much boost one gets is also considered. We call this boosted staked amount

`boostBalance`

in the smart contract and it would be calculated as follow:

$boostBalance = 0.4 * stakedBalance \ +\ 0.6 * totalStakedBalance *\frac{veXY}{total\ veXY}$

$boostBalance = min(stakedBalance,\ boostBalance)$

For example:
Let's say there's also 10,000

`xyUSD`

staked and 1% belongs to Bob.If Bob hasn't locked any

`XY`

, the `boostBalance`

for Bob would be 40.However, if there's 10,000

`veXY`

in total and 1% belongs to Bob, the `boostBalance`

for Bob would be 40 + 60 = 100, which is at max boost (250%).

Last modified 5mo ago

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