ZooDAO is excited to announce the launch of a comprehensive Liquidity Mining program, a pivotal initiative for the platform's growth. Over the 12 months following the V1 launch on Arbitrum, 0.5% of the $ZOO supply will be released monthly, culminating in a total of 6%. This distribution is dedicated to rewarding liquidity providers who stake their LP (Liquidity Provider) tokens in ZooDAO's dedicated Liquidity Mining interface.
Step-by-Step Guide to Participate
Accessing the Liquidity Mining Interface:
Navigate to either the 'Portfolio' or the main 'Battleboard' within ZooDAO.
Find and open the 'Liquidity Mining' section to start the process.
Preparing for Liquidity Provision:
Click on 'Get LP' to initiate the process.
Acquire an equal amount of ZOO and ETH tokens, as both are required for liquidity provision.
Providing Liquidity on Camelot:
Visit Camelot DEX with your ZOO and ETH tokens.
Before staking, ensure to approve both ZOO and ETH for spending on Camelot.
Once approved, select 'Provide Liquidity' to deposit your tokens.
Staking in ZooDAO's Liquidity Mining Interface:
Return to the ZooDAO dApp with your Camelot LP (CMLT LP) tokens.
Stake these tokens in the Liquidity Mining interface on ZooDAO.
Congratulations on successfully participating in ZooDAO’s Liquidity Mining program! By staking your LP tokens, you're now an integral part of the ecosystem, contributing to its success and growth. Enjoy constantly claimable ZOO rewards as a token of appreciation for your commitment and support for the duration of the program.
ZooDAO's Liquidity Mining program is a significant step towards enhancing the platform's liquidity and overall ecosystem health. By actively participating, liquidity providers not only support ZooDAO but also benefit from the rewards, creating a mutually beneficial environment for all involved.