$MYSTMYSTupdates

MYST now listed on Uniswap V3 – Join our liquidity campaign

May 20, 2021
By May 20, 2021 No Comments
uniswap liquidity pool

$MYST token is now listed on Uniswap V3.

Dive into the MYST/ETH pool here.

As a liquidity provider, you get to enjoy concentrated liquidity and multiple fee tiers.

We’re also waiting for the L2 Uniswap deployment on Optimism, which will significantly decrease trading fees. You can learn more about it here.

To ensure a smooth process, we are moving funds from Uniswap V2 to V3 in the upcoming months.

To support our community of MYST holders, we are announcing the Uniswap V3 Liquidity Engagement campaign. 

There are two ways to join the campaign:

  1. Supply liquidity (add funds) directly to the Uniswap V3 MYST/ETH pool
  2. Move your current funds from the Uniswap V2 MYST/ETH pool.

Learn how to do this here.

Campaign timeline

The campaign will start on 1st of June and will finish on the 7th of June. However, we plan to extend the campaign if we receive positive feedback from our community.

Participants will be paid their rewards between 4th and 10th of July, after the campaign ends.

How can I participate?

You should either add your funds to MYST/ETH pool on Uniswap V3, or transfer them from Uniswap V2 during the 1st and 7th of June and hold them for at least 30 days. 

We’re creating a 20,000 MYST bounty pool. You will receive a reward proportionate to your size of the pool. Our own liquidity will be excluded from calculations. 

Requirements for participants

  1. You must add liquidity to the MYST/ETH  liquidity pool between the 1st and 7th of June.
  2. You must have held the funds in the MYST/ETH liquidity pool for at least 30 days.

Liquidity providers will receive a share 20,000 MYST, proportionate to their contribution to  the pool. Each participant will receive compensation in the MYST wallet address that was used to add liquidity.

Your compensation

You will receive a percentage of the 20,000 MYST allocated for this campaign.

For example, if the total size of the Uniswap pool reaches 100,000 MYST, and you added 10,000 MYST to the pool, you occupy 10% of the total pool.

Consequently, you will receive:

20,000 MYST * 10% = 2000 MYST

If you held the funds for at least 30 days, we will deposit your wallet with 2000 MYST.

Want to get involved in Mysterium Network today?

Mysterium has built a decentralised VPN, powered by a growing global residential IP node network. 

Mysterium VPN  is available for AndroidMac and Windows. 

If you are interested in participating, running a node, or generally have any questions, jump into our discord channel and speak directly with our core team.