🧮Early farming program

Introducing «Early Farming» — a farming program for early liquidity providers!

Video guide

How it works

For providing liquidity in CrossCurve pools, the participants will receive rewards in rEYWA tokens. rEYWA — a non-transferable reward token (reward EYWA) that after the Token Generation Event (TGE) can be traded for the EYWA token on a 1:1 basis. Participants receive the rewards based on the rules of the Early Farming program, based on the volume of liquidity provided and the pool selected:

Available pools and their earning potential:

Pool	Target Pool TVL, $	rEYWA APR*, %	Incentives per month, rEYWA	Monthly yield, %
xSTABLE	$10 000 000	50%	2 978 к	4,16%
xWETH	$10 000 000	25%	1 489 к	2,08%
xBTC	$10 000 000	25%	1 489 к	2,08%

Base income calculations include the assigned incentives for the 3 pools and the TVL in each pool.

These pools allow the participants to receive earnings (Net APY) that combines the base rEYWA earnings per the above table + vAPY in Curve pools.

*The rEYWA APR is calculated at the EYWA price of $0.14. You can use this calculator to simulate your earnings with different EYWA prices:

rEYWA claim and vesting schedule

rEYWA tokens have a 90-day vesting period starting from the claim, which can be done at any time. Once the vesting period is over, rEYWA can be converted to regular EYWA tokens 1:1. Exchanging rEYWA to EYWA is possible only after the Token Generation Event (TGE).

If a participant wishes to do this exchange prior to the completion of the vesting period, he will be able to convert only those rEYWA that have vested based on the vesting schedule. The rest of his rEYWA will be returned to the EYWA DAO’s treasury.

The formula for exchanging rEYWA for EYWA before the 90-day vesting period ends is as follows:

$$Vearly = \frac {T^2} {91^2} * V all$$

Where:

V early - number of rEYWA tokens received on the day T

T - number of vested days passed since the rEYWA claim

V all - total number of rEYWA tokens available on the 91st day, after the vesting period is completed

Participants can choose to wait until the vesting period is over or take part of their tokens earlier based on their needs and strategy.

An example with 10 000 rEYWA converted on Day 21 after the claim:

$$Vearly = \frac {T^2} {91^2} * V all$$

Where:

T = 21 (vesting days since the claim),

V all = 10,000 rEYWA (total number of rEYWA tokens that could be claimed on day 91).

$$Vearly = \frac {21^2} {91^2} * 10000 = 500$$

Therefore, on day 21, the participant would only receive 500 rEYWA out of 10,000. These are the tokens he would be able to exchange for EYWA after the TGE. The remaining 9,500 tokens would be returned to the DAO's treasury.