2x Reward Farms on SushiSwap

Overview

~34M BIT tokens will be allocated to farming rewards on SushiSwap ? over the next ~180 days.

First Tranche Parameters

• Starts: Aug. 31 0001AM UTC
• Stake: BIT-ETH SLP
• Duration: 30 days (but will likely continue at similar rates for 180 days)
• 96 SUSHI per day
• 186,667 BIT per day
• As stated in an earlier article the BIT-ETH SLP that has been created as part of the MISO airdrop bonus will participate in this farm immediately. The SLP and associated rewards will be airdropped to MISO participants 90 days later.

How to Participate

Step 1: Create a BIT-ETH SLP

https://app.sushi.com/add/ETH/0x1A4b46696b2bB4794Eb3D4c26f1c55F9170fa4C5

Here are some BIT-ETH pair analytics.

Step 2: Stake your BIT-ETH SLP

https://app.sushi.com/farm?filter=2x

Note

Upsides:

• Earn BIT swap rewards
• Earn SUSHI swap rewards
• Earn BIT-ETH SushiSwap swap fees

Risks:

• Exposure to BIT price
• Exposure to ETH price
• Exposure to impermanent loss (constant product AMM pools)

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2x Reward Farms on SushiSwap was originally published in BitDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

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