Overview
Provide liquidity on the QUAD/ETH or QUAD/USDC on Sushi to earn additional rewards in QUAD on top of your share of the trading fees.
Details
Liquidity Providers (LPs) can earn weekly rewards based on their share of the total liquidity pool. Until June 30th, 2022, a weekly allocation of 228,571 QUAD is reserved for Liquidity Provider's rewards. The formula to calculate the rewards is:
Liquidity Rewards = User's Share of the Pool / Total Pool Value * Weekly RewardNot sure how to provide liquidity? Check our step-by-step guide below.
There are currently only two official liquidity pool for QUAD on Sushi. Please only interact with the two pools below:
Reward Pool Schedule
The initial phase of Liquidity Rewards Program is scheduled for remainder of 2022 with a decreasing Reward Pool (in QUAD) as per the table below:
Reward Pool (QUAD) | Weekly Distribution | Starts | Ends |
3,200,000 | 228,571 | 3/16/2022 | 6/30/2022 |
1,920,000 | 160,000 | 7/1/2022 | 9/30/2022 |
1,280,000 | 106,667 | 10/1/2022 | 12/31/2022 |
Example:
To simplify this example, QUAD is at a constant value of $0.1
Liquidity Providers (LP) | Value Locked | Average Share of Pool | Weekly Liquidity Reward (in QUAD) | Value of Reward |
LP 1 | $1000 | 1.16% | 2,658 | $265.78 |
LP 2 | $5,000 | 5.81% | 13,289 | $1,328.90 |
LP 3 | $10,000 | 11.63% | 26,578 | $2,658.81 |
LP 4 | $20,000 | 23.26% | 53,156 | $5,315.61 |
LP 5 | $50,000 | 58.14% | 132,890 | $13,289.04 |
Total | $86,000 | 100.00% | 228,571 | $22,857.14 |
How to provide liquidity for QUAD?
With the launch of the Quadency DEX, you can now provide liquidity to any QUAD pair directly within Quadency:
Go to the Quadency DEX, select Pool and click on add
Make sure to have your web3 wallet connected
First, you must choose which pair/pool you want to provide liquidity for
Select ETH or USDC as a base token
Select QUAD as the second token
Enter the amount of ETH or USDC you'd like to supply to the pool. The amount of QUAD needed will be automatically populated (You must have balance for both assets in the pair).
After selecting the desired tokens, click supply!
If this is your first time interacting with SushiSwap's smart contracts for either or both of the tokens in question, you will be prompted to Approve that the smart contracts are allowed to handle them for you.
When the liquidity add is done, you receive Sushi Liquidity Provider (SLP) tokens in return. These represent your share in the liquidity pool, and your earned fees that are received upon withdrawal of the liquidity.
That's it! Your QUAD rewards will be automatically issued on a weekly basis to the same wallet address used to add liquidity.
Disclaimer: Quadency reserves the right to update or discontinue the Liquidity Rewards Program at its sole discretion. Quadency DEX is a fork of the open-source SushiSwap interface. It offers simplified access to the same smart contracts available via Sushi.com. As such and as with any other decentralized exchange, your assets remain in your custody. Quadency does not have access to funds in your self-custodial wallet (MetaMask etc) and is not responsible for the loss of funds held in those wallets.