Comment on page
Round 3: Power-up Drinks
Deposit Start Date: Friday, 20th October2023 8:00AM UTC
Deposit End Date: Tuesday, 24th October2023 8:00AM UTC
During Round 3, our focus will be on bootstrapping the Lending vaults to establish the necessary liquidity for our strategy vaults.
Users who deposit between the period in any of the lending vaults before the end date will be able to enjoy additional $esVKA on top of their original $esVKA emission and reward. This brings in additional monthly incentive rewards lasting for a duration of 3 months. The specific amount of these supplementary incentives will be determined based on the value of your deposits and the batch in which your assets are deposited.
USDC.e Lending for VLP Leverage is one of the lending vaults that users can deposit in to enjoy the additional esVKA..
Users will have the freedom to withdraw their funds at any time. However, once withdrawn, the incentive rewards under POWER-UP DRINKS will be forfeited and re-entry will no longer be possible. Below is the table summarizing the multiplier assigned to each batch and their size:
Deposits in the lending vault before the 500,000 threshold will be rewarded with the Tier 1 APR, those who deposited within 500,000-1,000,000 TVL in Lending will be in Tier 2, and so on