Dear Fellow Mochis,
We have been asking for your feedback on what feature are you most excited about right now and our product team delivers! Our team has been working non-stop and we are ecstatic to announce the arrival of Mochi Earn, the first of many upcoming products within the Mochi.Market’s Ecosystem.
Starting from 29 April 2021, 11AM UTC, you will be able to earn more MOMA token simply by staking MOMA and ETH into our own Liquidity Pool. The initial phase of our liquidity program is designed to incentivize early participation to our MOMA/ETH liquidity pool. Liquidity providers will be able to earn the highest APR during the first 30 days, with rewards decaying over time.
A quick run through for the delicious MOCHI REWARDS: 🎁
🤹🏻♀️ Rewards Multiplier 🤹🏻♂️
- Standard Reward: 3 MOMA/block
- First Month: 2x rewards
- Second Month: 1x reward
- Third Month and the following months: decay with 0.95 factor each month
🧺🍞 Harvest Vesting Details 🍞
- 6 months vesting, unlock linear by block
- For each harvest, new reward will be added to vesting balance, with different starting moment
- Please note the interface will only show total figures (total locking amount & total claimable amount)
- Annual Percentage Rate (APR) starts from 1500%, which decreases proportionally to increment of tokens locked.
🏋🏻 How It Works 🏋🏻
To stake and begin earning MOMA liquidity rewards, kindly please follow the steps below:
- Provide liquidity to the MOMA/ETH Uniswap V2 Pool by clicking the “Add Liquidity” button and supplying both MOMA and ETH to the Uniswap Pool. To add liquidity, kindly please visit the following link: https://bit.ly/3gLQbVx
- Uniswap will automatically issue MOMA-ETH-LP-UNI-V2 tokens to your wallet. These LP tokens represent your proportional share of MOMA and ETH within the Uniswap Pool.
- After completing the above steps, visit https://farm.mochi.market/ click the “Connect Wallet” button and select the Ethereum address that holds your MOMA-ETH UNI-V2 LP tokens within your wallet. Click the “Approve Contract” button that’s under the title “MOMA-ETH LP STAKED”. You will then be requested to confirm this transaction.
- Upon approval, click on the “Stake LP” button and you will now be able to select the amount of LP tokens you want to lock in the Mochi Earn smart contract.
- You can harvest your newly earned MOMA or unstake your LP tokens at any point in time.
- For the best user experience and compatibility, it is recommended that you use Metamask and the latest Chrome browser to interact with https://farm.mochi.market
Let’s get your farming boots on!
Mochi.Market is a multi-chain and decentralized ecosystem for non-fungible tokens. Mochi.Market will be releasing a variety of applications to cater to the needs of the NFT community in a decentralized way, offering more security and usability to our NFT platform users.
Mochi.Market currently focuses on three key issues holding back the NFT space, lack of a strong monetization strategy for NFT holders, lack of liquidity experienced with the NFT market, and how to bring value to the NFT economy through cross-chain access and usage between fungible and non-fungible tokens. Mochi.Market is building an NFT marketplace accessible to all, bringing more power to NFT stakeholders and more ways for them to leverage and capitalize on their NFTs.