We’re thrilled to announce the launch of Liquid Farming Seasons — an exciting new program designed to boost your earnings within the Algem ecosystem! This initiative consists of multiple seasons, each focusing on specific assets, with series within each season dedicated to particular pools and AMMs. The first season is here, and it’s packed with opportunities!
What Are Liquid Farming Seasons?
Liquid Farming Seasons is a multi-stage program where each season highlights a specific group of assets. Within each season, we’ll roll out series, focusing on a particular AMM and asset pair. Each series lasts 1 month and offers participants an additional 5,000 ALGM rewards, distributed based on accumulated Algem Points over the period.
Here’s how it works:
- Seasons: Each season focuses on a specific asset group. For example, the first season is dedicated to ETH LST/LRT assets (liquid staking and restaking tokens paired with ETH).
- Series: Within a season, each series targets a specific AMM and pair. The series lasts 1 month and comes with extra rewards.
- Rewards: Participants earn a share of 5,000 ALGM based on their Algem Points accumulated during the series.
The entire program is hosted on Galxe, where you’ll complete quests and mark them on the Galxe panel to claim your rewards.
Season 1: ETH LST/LRT Assets
The first season is all about ETH LST/LRT assets — tokens representing staked or restaked ETH that allow you to earn staking rewards while keeping your assets liquid.
These assets are among the most promising in DeFi, and we’re excited to spotlight them through Liquid Farming.
In this season, we’ll introduce vaults for pairs consisting of ETH and ETH LST/LRT tokens, giving you the chance to farm with cutting-edge assets.
Series 1: ETH/wstETH on Kyo AMM
Kicking off the first season is our inaugural series, focused on the ETH/wstETH pair on Kyo AMM. wstETH (Wrapped Staked ETH) is a popular liquid staking token that lets you earn staking rewards on ETH while retaining flexibility for DeFi use cases. It’s the perfect pair to launch this program!
Key details of this series:
- Duration: The series runs for 1 month, starting March 18.
- Vault: Add liquidity to the ETH/wstETH vault on Algem via Kyo AMM to participate.
- Rewards: In addition to standard rewards (trading fees and ALGM incentives)*, you’ll accumulate Algem Points, determining your share of the 5,000 ALGM prize pool.
This is your chance to be among the first to join Liquid Farming Seasons and earn extra ALGM while farming with a top-tier pair!
❗❗❗*Note: By depositing into the vaults, you also earn Algem points, ALGM incentives, ACS points as well as partner application points, such as KYO Credit and others. Learn more.
How to Participate?
Getting involved is straightforward:
- Add Liquidity: Deposit funds into the ETH/wstETH vault on Algem.
- Earn Algem Points: The more liquidity you provide and the longer you stay in the vault, the more points you’ll accumulate.
- Claim Rewards: At the end of the series, your Algem Points will determine your share of the 5,000 ALGM rewards in addition to our standard rewards.
❗❗❗Attention! The minimum deposit required to participate in the program is equivalent to $50.
Why Join?
- Extra Income: Beyond standard farming rewards, you’ll have a shot at bonus ALGM.
- Asset Focus: Each season highlights key assets like ETH LST and LRT, giving you access to promising tokens.
- Community Engagement: Completing Galxe quests connects you with a vibrant DeFi community.
- Flexibility: With lfETH tokens, you can use your assets in other DeFi strategies while farming.
This is just the beginning — future seasons will bring new assets, AMMs, and even more earning opportunities. But for now, the spotlight is on ETH/wstETH, and we want you to join us!
Start Farming and Earning ALGM Today!
The first series of Liquid Farming Seasons is live, and the clock is ticking! Don’t miss your chance to claim your share of 5,000 ALGM by farming with the ETH/wstETH pair on Kyo AMM. Join the First Season Now!
About Algem
Algem is a decentralized application built on Astar Network and Soneium offering two main features: Liquid Farming and Liquid Staking. As the names suggest, these two options let ASTR and ETH holders keep their assets liquid while putting them to work. Liquid Farm or Liquid Stake with Algem’s Cross Chain platforms from Soneium or Astar Network and earn multiple rewards in the process. With Liquid Farming you’ll get a liquid lfETH fully redeemable token, in exchange for your ETH deposit to utilise this across the Soneium ecosystem all whilst earn farming fees and accruing Algem’s Native token ALGM in the process. In Liquid Staking, you’ll earn rewards that are automatically compounded with the Reward bearing xnASTR token for APR Yield in a simplistic way offering you peace of mind.
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