How to get mining rewards
There are 4 steps
- 1.Check prerequisites
- 2.Become a liquidity provider
- 3.Stake LP tokens
Most trading pairs are against the Acala stablecoin. You can either purchase them on the swap or borrow them via the Acala stablecoin protocol
LP tokens are liquid, transferrable, and withdrawable. The incentive program requires you to stake/lock LP tokens so that the liquidity stays in the relative pool.
You can unstake LP tokens at any time. Then LP tokens are unlocked, and become transferrable. You can then withdraw liquidity (withdraw respective token pairs) out of the pool.
- Trading fees are calculated and withdrawn at the same time as liquidity is withdrawn.
- Your rewards are withdrawn when unstake, no further rewards will be earned for these liquidity
- You can claim your rewards anytime, however, if rewards are claimed before program ends, Loyalty Bonus will be returned to the pool to be shared by other LPs