We are excited to extend the FORGE Rewards to the Jupiter Liquidity Mining Program! We will periodically reward Liquidity Providers of the JUP-ETH pair on Uniswap V2. This will be done in a very simple way:
From 13 September until November 1st, Jupiter will add a total of 25,000,000 JUP as rewards to Liquidity Providers of the JUP-ETH pool on Uniswap V2, at random intervals.
Our first example:
Our second example (and current method):
We will use this tool on Jupiter Toolkit to pull live Uniswap LPs and reward according to their current allocation of provided liquidity. The more you provide, the higher percentage of the reward you receive!
When will the rewards start?
This round of JUP LP rewards will begin 13 September and will run until 1 November. There is no interval for the rewards to be sent to the pool, nor will the amount be static each time. The total rewards will equal 25,000,000 by 1 November.
We are also exploring Balancer Pools and other types of DeFi to, in the end, get you more Jupiter!
Why is this important?
Besides attracting new attention to Jupiter, the additional liquidity is essential for the project. Stex has had great liquidity prior to the swap and continues to be strong. To ensure our DEX counterpart markets are just as strong, I think this is a great way to provide another liquid market for Jupiter.