IONX Rewards
Overview of IONX rewards programs available at rewards.charged.fi
Last updated
Overview of IONX rewards programs available at rewards.charged.fi
Last updated
Charged Particles is currently offering IONX rewards to community members who provide liquidity to the official IONX/ETH Uniswap V2 pool and/or stake their IONX at rewards.charged.fi. The Charged Particles Rewards program serves two purposes:
1) Distribute more IONX tokens to community members to help the protocol further decentralize
2) Reward users for providing Liquidity to the IONX/ETH pool on Uniswap V2 or holding their IONX long-term
Our Base Reward Program and Lepton Multiplyer
Why are there 4 versions?
V1 and V2 for 12 weeks to ensure we could make improvements to contracts if needed. After running both programs successfully for 6 months, we launched V3 for another 24 weeks which featured some user interface changes and ran for 24 months. The entire Rewards program will last 2 years.
V4 will be hosted on GYSR for 2 main reasons:
Using GYSR allows the core development team spend more time focusing on core product (including building out an additional, NFT-based rewards program featuring Leptons)
GYSR pools can be launched on both Ethereum Mainnet and Polygon, so if IONX gets liquidity on Polygon adding a rewards program on that chain will be easier. V4 will exist only on Ethereum Mainnet at first, but support for Polygon may be added in the future
Timeline
The first 2 iterations of the IONX rewards program ran for 12 weeks
V2 ended Monday, November 22, 2022 at 21:43 UTC, and V3 began immediately thereafter.
V4 of Charged Particles rewards will begin Mon, 02 May 2022 21:43:00 UTC, right as Epoch 24 of V3 rewards begins
Participants can withdraw and harvest from the V1-V3 contracts in perpetuity, and then migrate them to V4 on GYSR
Visit https://rewards.charged.fi/go/migrate
Withdraw your funds from the pool they are currently in (e.g. V2)
Click the "Stake on GYSR" button to navigate to the appropriate pool
DISCLAIMER: The stated APR (the 'Rate') is denominated in terms of $IONX, not USD or other fiat currency. The Rate is a forward-looking projection based on our good faith belief of how to reasonably project results over the relevant period, but such belief is subject to numerous assumptions, risks and uncertainties (including smart contract security risks and third-party actions) which could result in a materially different (lower or higher) token-denominated APY. The Rate is not a promise, guarantee or undertaking on the part of any person or group of persons, but depends entirely on the results of operation of smart contracts and other autonomous systems (including third-party systems) and how third parties interact with those systems after the time of your deposit. Even if the Rate is achieved as projected, you may still suffer a financial loss in fiat-denominated terms if the fiat-denominated value of the relevant tokens (your deposit and any tokens allocated or distributed to you pursuant to the Rate) declines during the deposit period.
APR Formula: (Total Rewards for Epoch * 52 weeks ) / Total Pool Balance
Assumptions:
Total Pool Balance = Total Pool Balance as of the last Ethereum block
User deposits at the beginning of an epoch, and therefore has an epoch multiplier of 1
User remains in the pool for the entire epoch
This video has a walkthrough of how APR is calculated for an identical rewards program: https://youtu.be/Maq-KxPv8W4?t=504