Tidal-Uniswap Liquidity Rewards Program enters a new month

Rewards for first Tidal Liquidity mining program will be distributed on May 1

Dear Tidal Supporters, we’re delighted to announce that the Tidal ecosystem liquidity mining program is currently live on Uniswap and will continue with the same rewards structure as we enter the new month of May!

Tidal launched the liquidity mining program in April to reward TIDAL/USDC liquidity providers on Uniswap V2. We had set aside 1,855,287 TIDAL per reward period for participants. We’d like to inform all LPs that we will be distributing the rewards on May 1st.

Additionally, we would like to remind everyone that each reward period will last approximately 1 month.

New rewards period starts from May 1

We shall be setting aside another 1,855,287 TIDAL reward for participants in the Liquidity mining program for the month of May. These rewards will be distributed on June 1st to all liquidity providers.

By incentivizing TIDAL LPs with rewards, we aim to bootstrap the necessary liquidity to minimize costs/slippage and build long-term value for our ecosystem.

Tidal Liquidity Mining Rewards Program

In addition to the 0.3% trading fees earned via Uniswap, whitelisted LPs will also earn their share of the 1,855,287 TIDAL tokens, proportionate to how much you contribute to the pool.

How to qualify

• Provide liquidity in the TIDAL/USDC Uniswap V2 pool for a minimum of 30 days.
• Whitelist your address here.
• That’s it!

Additional Information

• You can learn how to become an LP here.
• We require 900 USDC minimum.
• Start date: immediately

Recommended reading: please read this article if you’ve never participated as a LP before.

The available rewards are divided throughout the entire pool. If someone is providing liquidity and does not whitelist their address, their share of the rewards will not be redistributed to the rest of the pool.

The program will continue monthly unless we announce otherwise.

Disclaimers

Please bear in mind that Tidal has no control over transactions, lost funds, or impermanent loss on Uniswap.

Daily ROI is constantly changing as more people participate and new liquidity is added.

The individual tokens you eventually withdraw from the pool can consist of a larger share of USDC than TIDAL or vice versa.

We reserve the right to cancel or modify this campaign at any time.

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About Tidal

Tidal Finance makes DeFi safer by providing insurance coverage for assets across chains in custom balanced liquidity pools. With Tidal, Users can select risk pools by choosing any combination of protocols/assets and their coverage terms (premium, cover period, etc). Liquidity Providers, on the other hand, can invest in pools that suit their risk/reward ratio.

TIDAL Public Channels

✳️ Official Website: https://tidal.finance/

✳️ Medium: https://tidalfinance/medium.com

✳️ Twitter: https://twitter.com/tidaldefi

✳️ Announcements Channel: https://t.me/tidalann

✳️ Telegram Channel: https://t.me/tidalglobal

📗Intro to Tidal Medium blog: https://medium.com/tidal-finance/introducing-tidal-open-marketplace-for-programmable-insurance-1a48b1d497eb