Getting ibETHv2/ALPHA Onsen Pool Ready on SushiSwap

Getting ibETHv2/ALPHA Onsen Pool Ready on SushiSwap

As ibETHv2/ALPHA Onsen pool is being set up on SushiSwap and will go live after it’s completed, we are going to continue distributing ALPHA to liquidity providers of ibETH/ALPHA pool on Uniswap to ensure liquidity providers continue to get rewards during this migration process.

Details on distributing ALPHA on ibETH/ALPHA pool on Uniswap

  • 500,000 ALPHA will be distributed to liquidity providers of ibETH/ALPHA pool in a form of high trading fees from Jan 28, 12pm UTC to Feb 3rd, 12pm UTC.
  • This means that the rewards in a form of trading fees APY will be reflected when you remove liquidity (not airdropped to your wallet). This is similar to when you get trading fees APY when providing liquidity on other pools on Uniswap.
  • Users can provide liquidity directly on Uniswap or through Alpha Homora (ALPHA Pools section), as Alpha Homora has simplified the process for users.
  • For more details, please refer to here.

Recap on ibETHv2/ALPHA Onsen pool on SushiSwap

Liquidity providers who provide liquidity to ibETHv2/ALPHA pool on SushiSwap will receive both ALPHA (from the Trading Volume Mining program) and SUSHI (from the Onsen program).

Since ALPHA rewards will be distributed in a form of high trading fees APY, this means that the rewards will be accrued automatically and distributed to liquidity providers when they remove liquidity (not airdropped to their wallets).

SUSHI rewards will be available for liquidity providers to claim on Alpha Homora v2.

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