On September 19, 2020, OneSwap initial mining event was officially launched, and has received great attention and active participation from the community. With the support of community members, OneSwap’s total liquidity has reached US $120 million.
However, some of the community members believe that order mining has harmed the interests of real liquidity providers in terms of reward allocation ratio, order placement method, risks and returns. After fully communicating with community members and based on their opinions, we decided to suspend order mining, and will allocate the reward originally set for order mining to yield farming.
Adjustments are as follows:
1. Suspend order mining
Order mining will be suspended at 00:00 on September 23, 2020 (UTC), and there will be only yield farming. The remaining ONES originally set for order mining, which is 1,600,000, will all be allocated to yield farming, making the total remaining reward for yield farming 3,200,000 ONES.
2. Extend yield farming period
After the order mining is suspended, the daily reward of yield farming and mining time will be adjusted accordingly: during 00:00 September 23–00:00 September 28, 2020 (UTC), the reward for yield farming will remain 100,000 ONES per day.
From 00:00 September 28, 2020 (UTC), the daily reward for yield farming will be halved, which translates to 50,000 ONES per day, and the event will last until all rewards are distributed.
We always welcome the community to provide us suggestions, and thank you again for your continued attention and support!
OneSwap Team September 22, 2020