Sherlock

Posted on Apr 05, 2022Read on Mirror.xyz

Early Adopters LP Round Part II

**TL;DR We’ve heard from a ton of community members that they missed the Early Adopters LP Round last week, so we are re-opening it on Thursday!

Same 3x multiplier on SHER incentives vs. the early March round. This is the last opportunity for rewards at this level before incentives must decrease. There is a hard cap at $20M of staker capital. See you Thursday, April 7th at 4pm UTC!!**

For New Stakers

This Thursday, April 7th at 4pm UTC, you’ll have a chance to participate in the same staking deal that the first early adopters round received.

This will only be for the staking side of the raise, so all of your capital is eligible to be returned at the end of 6 months.

Right now, there is ~$10M in the pool. On Wednesday, another ~$10M will be able to contribute at the same terms, until the pool reaches $20M in size. There is a HARD cap at $20M for the elevated incentives, so don’t miss out. These incentives are so good that they are unsustainable for more than $20M of capital.

Here’s the deal:

  • 15% guaranteed APY on any amount you stake (up to the $20M cap)
  • 200k SHER tokens for every 1M USDC staked

Both reward streams will be unlocked after 6 months (at the same time that the USDC stake can be unlocked).

Here’s a model that outlines the APY and SHER tokens you’ll receive.

You can participate at app.sherlock.xyz.

See you on Thursday!!

For Participants in the Special Liquidity Event

Thank you again for your support!

As described in the first Early Adopters LP Round article, you’ll be receiving the same elevated rewards at the Early Adopters LP rounds.