With the Aragon Network DAO launch coming soon, ease of access to ANT has never been more important. A month ago, we announced the first ANT liquidity rewards program on Uniswap to improve ANT liquidity depth on decentralized exchanges.
As we can see in the chart below, the program has been a smashing success.
But we have also listened to ANT holders’ feedback, and today we are happy to announce an improved second round of the liquidity rewards program.
Second, you won’t need to interact with any smart contract other than Balancer. Gas prices on Ethereum mainnet are quite expensive, so we want to minimize on-chain interactions for ANT holders' benefit. The rewards calculations will happen off-chain.
Third, Balancer is still running their own liquidity rewards, which means that ANT holders participating in Aragon’s liquidity program will also get BAL. Keep in mind that the BAL distribution mechanism is outside our control and may change.
This ANT liquidity rewards program will commence on Tuesday, August 25, at 3pm UTC. Over 28 days, ending Tuesday, September 22, at 3pm UTC, 25,000 ANT (~$120k as of today) will be distributed as rewards to liquidity providers of this 80 ANT/ 20 ETH pool on Balancer.
To stake and begin earning ANT liquidity rewards, provide liquidity to this 80 ANT/ 20 ETH pool on Balancer. That’s it!
The specific distribution rules will be as follows:
Participate in the rewards program by visiting this ANT/ETH pool on Balancer.
We continue experimenting with governance and voting with proof-of-liquidity tokens. We are also thinking about time-lock reward mechanisms to incentivize long-term liquidity placements further. It’s only the beginning!
Update regarding the previous liquidity rewards program on Uniswap that ran from July 22 to August 21: It was stated that rewards would be paid automatically, however, liquidity providers must collect their rewards manually from liquidity.aragon.org. This does not apply to the second round of Balancer rewards which starts August 25 and will be paid automatically.