Skip to content

Latest commit

 

History

History
47 lines (29 loc) · 1.88 KB

README.md

File metadata and controls

47 lines (29 loc) · 1.88 KB
Raw

PrimeDAO Liquidity Mining

🤖 Smart contracts for Prime’s First Liquidity Mining Program

In order to bootstrap liquidity for the PRIME token, PrimeDAO will initiate a liquidity mining program — alternatively known as yield farming — for a Balancer pool. The program will start on November 20th, 2020 and last 1 month.

Over this period, 500,000 PRIME (approximately 16,666 PRIME/day) will be distributed to participants who stake BPRIME in this contract.

StakingRewards.sol contract is a fork of the StakingRewards contract developed by Synthetix with few adjustments made to best suit PrimeDAO's needs. The key differences are:

  • The notifyRewardAmount function is called only on contract initialization. Since the rewards scheme runs for only a month with a fixed reward rate, there is no need to top up the reward over time. The function has thus also been made internal to reduce the overall attack surface of the contract.
  • The contract no longer inherits from RewardDistributionRecipient, as this is no longer needed due to the changes with notifyRewardAmount.

Setting up

Install dependencies

npm i

Testing

Run tests with

npm run test

Contributing to PrimeDAO

If you wish to contribute to PrimeDAO, check out our Contributor Onboarding documentation.

License

Copyright 2020 Prime Foundation

Licensed under the GNU General Public License v3.0.
You may obtain a copy of this license at:

  https://www.gnu.org/licenses/gpl-3.0.en.html