🌿Harvesting Soy
Phase 7 - Harvesting Soy
SOY Finance has already distributed 6 million SOY tokens through a series of individual airdrops. Our aim is to distribute SOY equitably and increase the platform's decentralization. For its seventh airdrop, SOY Finance will distribute 6 million tokens to eligible Soy Finance liquidity providers.
How To Enter The SOY Token Airdrop?
Airdrop Eligibility Rules
To participate, you must be an active liquidity provider between 01/10/22 and 31/03/23. (October 1, 2022, and March 31, 2023.)
An active liquidity provider is someone who provides liquidity in the selected pairs of assets in liquidity on the eligible Soy Finance farms.
Note: The rewards will be distributed uniformly to the provided liquidity. Hence, the more liquidity the users provide, the more SOYs they will receive.
What Is The Airdrop Process?
During the specified period, a portion of the 6 million SOY tokens allocated to the current Airdrop phase will boost the amount allocated each week to the eligible farms. The number of tokens allocated will allow the selected pair's APR to be increased by 30% with respect to their APR as of the beginning of the campaign.
New farms will be announced on a bi-weekly basis until the complete distribution of the tokens. If undistributed tokens remain after six months, they will be burned.
A mathematical model to determine the number of tokens to be allocated is given at the end of this document.
The eligible farms will be announced 5 days prior to the campaign launch.
A campaign on a specific farm will always last 15 days.
To not miss the Airdrop phase of your favorite assets, make sure to follow Soy Finance on social media:
The 6 million SOY tokens in the Harvest Airdrop will be distributed via the eligible farming pools reward to boost their profitability. This will increase the liquidity providers' profitability and thus encourage the adoption on the blockchain where Soy Finance is deployed.
When Will I Receive My Tokens
The 6 million SOY tokens in the Harvesting Airdrop will be distributed directly to the eligible farming pools to increase their profitability (APR).
In order to increase the profitability of a specific pair, its multiplier will be increased, thus farmers will receive increased returns at the moment they claim their rewards.
How Many Tokens Will I Receive?
The prize pool for this seventh airdrop is 6,000,000 SOY tokens. Each eligible user will receive a share of the prize pool proportional to the liquidity provided to the eligible farms.
Mathematical Description
Specifically, assuming that L is the total number of SOYs that will be minted during the campaign. SOY rewards are distributed to the different blockchains based on weight wi, and the rewards given to each farming pair j on blockchain i depend on the multiplier mi,j. On each blockchain i the total summation of the multipliers of the different farming pairs on blockchain it is:
About SOY Finance
Backed by the most experienced crypto-security experts, SOY Finance is a DeFi platform for easy and safe trading. Newbies and casuals alike will appreciate the intuitive technologies, such as “1-Click Swap”, while traders will value the high-level security features with a safer token standard and a safelist for audited and insured tokens.
Users get rewarded by holding and farming their SOY tokens and receive up to 20% of the total trading fees and newly minted SOY tokens, as described in the monetary policy.
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