ASA Stats farming program updates
ASASTATS/ALGO liquidity pool on Tinyman v2
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ASA Stats has been running a farming program for over a year, allowing users to earn ASASTATS rewards by providing liquidity in the ASASTATS/ALGO pool on Tinyman. For the last 57 weeks, we’ve been running an in-house reward distribution solution and more than 60M ASASTATS were allocated to Tinyman liquidity providers during that period.
To qualify for weekly rewards, liquidity providers must hold their LP tokens in their wallet before midnight on Sunday. Rewards will be distributed on the following Monday, eight days from the initial Sunday deadline. If you transfer your LP tokens to another Algorand address during a rewards cycle, it will reset your cycle and disqualify you from the following rewards batch.
Since Tinyman launched v2 pools, the majority of LP providers have migrated from v1.1 to v2. The final rewards for v1.1 pools will be sent on Mar 20th. After that, only ASASTATS/ALGO LP on Tinyman v2 will be eligible for our farming program.
For the last four and a half months, LP providers were receiving rewards with a coefficient of 2.25 per LP token. The coefficient for future cycles will be 1.75 per LP token. These changes were made to ensure that our LP rewards are in sync with the APY for the first quarter of our Governance staking program. For the second quarter of both programs, the rewards and APY should be determined through community discussion.
