LIQUIDITY POOL
Introducing our Liquidity Staking feature for the SNG/USDT pair – a powerful way for our community to participate in the Synergy Land ecosystem and earn rewards.
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SNG Smart Contract:
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SNG/USDT Pair:
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What is Liquidity Staking?
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Liquidity Staking involves providing liquidity to a decentralized exchange (DEX) by contributing an equal value of two tokens to a liquidity pool. In our case, it's the SNG (Synergy Token) and USDT (Tether) pair.
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How Does it Work?
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Provide Liquidity: Users contribute SNG and USDT in equal value to the liquidity pool.
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Earn LP Tokens: In return, users receive LP (Liquidity Provider) tokens representing their share of the pool. These tokens are a claim to the liquidity provided.
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Stake LP Tokens: Users can then stake these LP tokens in our Liquidity Staking feature.
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Earn Rewards: By staking LP tokens, users become eligible to earn rewards in the form of additional SNG tokens. Rewards are distributed based on the proportion of the total liquidity pool a user has contributed.
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Benefits of Liquidity Staking:
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Earn Passive Income: Participants earn rewards over time based on their staked LP tokens.
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Contribute to Liquidity: By providing liquidity, users play a crucial role in maintaining a healthy and liquid market for SNG.
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Token Utility: The SNG earned through Liquidity Staking can be used within the Synergy Land ecosystem for various in-game activities.
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Risk Considerations:
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Impermanent Loss: Providing liquidity involves exposure to impermanent loss, which occurs when the price of the tokens in the liquidity pool diverges significantly.
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Get Started:
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Platform:
https://staking.synergyland.live/
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Pool Details:
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Capacity: ∞
Required: SNG & USDT
Reward: SNG
APY: 30%
Lock Period: 60 Days
Pool Expiration Date: 31/12/2024
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