Stellaswap
52 Posts
DeFi
Why Not Upgrade, While We’re At It
As its V3 DEX contract does not allow the adjustment of LP parameters in accordance with planned veSTELLA incentives, Stellaswap has taken the bold decision to upgrade the entire DEX to Integral V4. While this will result in a delay to the launch of veSTELLA by a few weeks, it will bring a suite of new modular features to the DEX and a reduction of gas costs.
Doesn't Sound Sus At All
Stellaswap Reborn's upcoming veSTELLA token will introduce a bribing system for projects to reward pool incentive voters. After creating a pool, projects can offer $10K as a bribe veSTELLA holders to vote to incentivize their pool. Voters will be allocated 100% of bribes.
Lock Your STELLA, Unlock Big Rewards
As part of Stellaswap Reborn, Stellaswap is launching the veSTELLA token which will be generated by locking STELLA. Tokenholders will earn 83.5% of trade fees, and 10% of LSD revenue, all paid in USDC. The veSTELLA token will be used as voting token to choose incentivized pools, and can act as a yield booster when staked in a pool.
Stellaswap Brings the Parachain Perks
Week 4 of the Stellaswap Dot Incentive campaign has kicked off. This is the first round of boosts to Polkadot parachain projects, with additional DOT rewards boosting the BNC-DOT, MANTA-DOT, NCTR-DOT, and PEN-DOT pools. The BNC pool led the charge with initial APRS of 500%!
DOT and GLMR Get Stellated
The DOT Incentives campaign has commenced on Stellaswap. Incentives will be rolling out weekly. The theme for Week 1 is "Bluechips", with additional DOT incentives being added to the GLMR-DOT, DOT-USDT, and GLMR-USDC pools. Some pools saw initial APRs of more than 300%!
DeFi Autumn?
The Stellaswap DOT Incentive Program is finally launching on September 11th. One million DOT for the incentive program were granted to Stellaswap with OpenGov Referendum 580 in April 2024. The rewards will be spread amongst four categories - stablecoins, bluechips (DOT and GLMR), liquid staking, and native Polkadot projects. The incentive program will last for 12 months, with Stellaswap targeting a more than 10x TVL increase to USD$55M.
Beefily Auto-Balanced Liquidity
Stellaswap Auto-vaults powered by Beefy Finance are live. This will provide optimized earnings and auto-rebalancing so that you never slip out of range. It is also the update that Stellaswap was waiting on to finally launch their DOT ecosystem liquidity incentive program.
VARCH Airdrop Distribution
Other than rewards from staking DOT on Stellaswap, the VARCH airdrop of 50m tokens to 75k new holders has been completely distributed. Some parachains were unable to provide the required data in time for the snapshot, so there were some modifications to the points distribution on parachain activity track. Rewards for streaming DOT on Stellaswap will not be distributed until XCM channels are opened between Invarch and Moonbeam.
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