Terminology
Last updated
Last updated
Genesis Pools can be accessed by clicking here, but you might need to know some of the terminologies to understand Genesis pool completely before you provide liquidity.
The pool page shows TVL, Deposited indicator, Current APR, Total Deposit and Pending Rewards.
TVL : It is the Total Value Locked for the specific pool, this is the liquidity already locked by LP's.
Deposited Indicator : The indicator tells whether you have deposited liquidity into the pool or not. A red cross indicates that liquidity is not provided and a green tick is shown if liquidity is already provided.
Current APR : APR is the annual percentage rate of return for the pool which included airdrop rewards and LP fees. The APR is not fixed and updates with time.
Total Deposit : Total Deposit is the USD value of the LP you deposited into the Genesis pool.
Pending Rewards : It is airdrop rewards amount allocated for the pool.
To Provide liquidity, you can click on any of the pair and go to the liquidity page. Every liquidity page will have an APR calculator, Pool Data and reward stats. The page will look similar to the below image.
The APR calculator allows user to calculate the earnings from swap fees and airdrop incentives. The incentive calculated depends on the APR at that time. You can play around with the calculator and see what rewards you will receive if you provide liquidity to genesis pools. You can input the deposit value in USD and duration in days to the calculator and it will provide you with estimated incentives. The APR calculator will provide some important insights about the projected DERP Earning, LP earning, APR and Total earning in USD.
Projected DERP Earning: The amount of airdrop the user will receive after the Genesis Campaign ends.
Projected LP Earning: This is the LP reward for the deposited value and number of days.
Projected APR: The APR is calculated based on the current APR and the trading volume on the pool.
Projected total earning: This is the total earning that the user will receive with the current deposit value and number of days. The total earning is the sum of DERP earning and LP earning.
Just below the APR Calculator there is Pool Data which contains the TVL, APR, Reward and Withdrawal status.
TVL : It is the Total Value Locked for the specific pool, this is the liquidity already locked by LP's.
APR : APR is the annual percentage rate of return for the pool which included airdrop rewards and LP fees. The APR is not fixed and updates with time.
Pending Rewards : It is the estimated rewards in USD value you are getting from the pool, the reward are different for different pools.
Withdraw: The withdraw is free and the user will earn LP rewards but their Airdrop rewards will be slashed if they remove the liquidity before 2 weeks. The slashing of rewards is as follows:
1st week withdraw after deposit: 50% slashing from the airdrop
2nd week withdraw after deposit: 25% slashing from the airdrop
After 2nd week: 0% slashing from the airdrop rewards
The stats will show your deposit, average APR, calculated reward and more if you have deposited liquidity. The stats are calculated based on the liquidity provided by the user and it will update if more liquidity is added or removed.
Average APR: It's the average of all the rewards per liquidity at current deposit of the user.
Deposit: This will show the user's current deposit amount in USD.
Calculated USD Rate: It will show the rewards/day to the user for the current LP.
Calculated rewards: Current rewards in DERP and xDERP tokens and LP tokens that the user will earn.
Reward on 9th Oct: Estimated airdrop rewards in DERP and xDERP tokens and LP tokens that the user will earn as per the current reward.
