With the close of our Polkastarter campaign, our top priority is creating awareness and incentives to encourage community participation. We are excited to announce that we are launching our Uniswap Liquidity Program with $20,000 worth of KAT (20,000,000 KAT) in monthly rewards for Uniswap liquidity providers. The liquidity program is going to be launched on December 26th, 2020.
Please read and understand what providing liquidity on Uniswap means by visiting their documentation page.
Liquidity providers benefit by getting additional KAT as rewards. These rewards are paid in KAT to every liquidity provider that locks ETH and KAT on Uniswap for at least 30 continuous days. These rewards are in addition to the normal 0.3% fee liquidity providers automatically get from Uniswap trades on the trading pairs they provide liquidity to.
In order to participate, you just have to whitelist your address and add liquidity to Kambria’s KAT/ETH Uniswap trading pair. The rewards program is automatically renewed on a monthly basis unless said otherwise.
How to be eligible?
- To qualify you need to provide at least 1 ETH of liquidity, plus 1 ETH worth of KAT tokens.
- Each qualifying liquidity add is only eligible for rewards 30 days after they are added.
- Each qualifier splits the reward pool among all qualifiers evenly by percentage of the pool.
- If you remove liquidity at any point, your previous liquidity is disqualified and you must wait 30 days from the next time you add qualifying liquidity to qualify for rewards (this is to prevent paying out to people who rug pull)
- Basically, we take any qualifying Liquidity Providers at the end of each period and split up the pool among them.
- Start whitelisting your address by clicking this link.
- Once submitted, visit Kambria’s add liquidity page on Uniswap here.
- Input the number of KAT you want to provide to the liquidity pool (minimum 1 ETH worth of KAT).
- Confirm the liquidity by clicking “Approve KAT” and accept the transaction using Metamask. Use a medium to high gas fee. The transaction may take some time due to possible network congestion.
- Once the transaction is confirmed, click “Supply” and accept the transaction using Metamask. Use a medium to high gas fee.
Current reward is 10,000,000 KAT (approximate $20,000 USDT value), but we reserve the right to change the amount of KAT that are given as liquidity rewards, at any time, and without notice.
Participants in the KAT Uniswap Rewards program may receive varying amounts of ETH and/or KAT from the pool for being liquidity providers, due to the nature of Uniswap and other participants in the pool
The number of KAT tokens earned as prizes in this program may vary due to other participants in the pool.
Kambria makes no warranties or guarantees as to the safety and security of any and all funds deposited by participants on Uniswap.
Kambria has no liability or control over users’ funds lost on Uniswap due to bugs or breaches on Uniswap, or due to the user’s own negligence
Kambria reserves the right to KYC any and all participants in the Rewards Program, and withhold any and all prizes pending KYC.
Kambria reserves the right to modify or cancel this Rewards Program at any time, for any reason, and without notice.
Kambria is the first decentralized open innovation platform for AI & Robotics. Using our platform, anyone can collaborate in researching, developing and commercializing innovative ideas and get rewarded fairly for their contributions.
Through partnerships with government agencies, top universities and leading companies, Kambria is dedicated to building a sustainable open innovation ecosystem to change the way we innovate and to accelerate advanced technology development and industry adoption.