We are thrilled to announce that our first DOP liquidity mining program is now live. More than 50% of DOP supply has been allocated to community, obtainable through liquidity mining programs.
Starting from today DOP-ETH pool rewards will be 3333 DOP per day. After first week, emission will be gradually decreasing.
DOP-ETH staking contract https://etherscan.io/address/0x8a78011bf2c42df82cc05f198109ea024b554df9
To get started visit
- Obtain DOP-ETH LPv2 tokens by providing DOP & ETH liquidity via this link NOTE: we’re using Uniswap v2
- Go to https://drops.co/staking/ and select DOP-ETH pool
- Approve your DOP-ETH LP tokens and stake them
- Claim your $DOP rewards
Starting from June 23rd, 2021, emissions will be reduced by 5% each following month.
DOP emission can be changed through community voting process.
By staking DOP it will be possible to boost rewards up to 2.5x.
Wen DOP staking?
Users will be able to participate in “vote-boosting”, by locking up their DOP for voting escrow DOP (veDOP) — a mechanism inspired by Curve’s veCRV governance. The longer that a user locks their DOP for, the more veDOP tokens they will receive.
veDOP tokens will:
- boost mining APY up to 2.5x
- collect pool emission and protocol fees
DOP staking will be launched in June.
More details on governance process can be found in this article.
DOP Tokenomics
The maximum supply of DOP is 15,000,000 tokens. Here’s how they will be distributed:
- 50.63% allocated to the community, obtainable via liquidity mining
- 25.39% allocated to investors, advisors
- 10% allocated to team
- 10.5% allocated to a foundation reserve, to be used for business development, bug bounties and community incentives
- 1.11% allocated to bootstrapping liquidity on decentralized exchanges
- 2% allocated to Node Runners DAO
*Node Runners DAO
To reward early supporters from the Node Runners community, a staking pool will be created containing 2% of the DOP supply. This will be distributed over the course of two years.
What is Drops?
Drops brings liquidity and leverage to NFT assets. Adding much-needed utility to idle NFT assets. Users can leverage their NFTs to obtain loans and earn real yield, reducing the opportunity cost of holding NFTs long-term.
Stay Up-To-Date
To keep up to date with all the latest development and news on Drops, follow the links below:
Twitter: https://twitter.com/dropsnft
Telegram: https://t.me/dropsnft
Discord: https://discord.gg/Zb9KapDA
Web: https://www.drops.co
