DODO DEX Booster Program Offers Dekbox Yield Farming Campaigns

The booster program is aiding the multichain NFT DEX in boosting its exposure, granting token rewards for liquidity mining.

The Yield Farming Campaign

Today, Dekbox will be kicking off its four weeks DODO booster program. The program will be launched with DEK/DODO and DEK/BUSD liquidity mining campaigns, where the pool’s liquidity providers will be rewarded with DEK tokens and DODO tokens. The Binance Smart Chain (BSC) projects are looking to take advantage of the blockchain’s continued adoption by a wider audience, and capitalize on the recent dip that has started to trend upwards.

During the campaign period, vDODO token holders can earn DEK tokens as rewards through the vDODO mining program. The partnership is meant to boost the notoriety of DekBox, while simultaneously improving the validity of the DODO DEX booster program.

Details of the Booster Program

The details of the program are as follows:

vDODO Mining Period

Campaign Start: Block Number: 7909350 (approximately June 1, 2021, at 2:00 PM UTC+8)

Campaign End: Block Number: 8110940 (approximately June 8, 2021, at 2:00 PM UTC+8)

Liquidity Mining Period

Campaign Start: Block Number: 7909350 (approximately June 1, 2021, at 2:00 PM UTC+8)

Campaign End: Block Number: 8715744 (around June 29, 2021, at 2:00 PM UTC+8)

How To Participate

Users who are willing to join the four-week campaign will have to provide LP to the DEK/DODO or DEK/BUSD Liquidity Pool on the DODO BSC platform and receive DLP tokens. By staking these DLP tokens, users will receive DODO and DEX tokens as liquidity mining rewards.

Below are the contract addresses for each pool:

DEK/DODO LP Address

DEK/BUSD LP Address

Reward Distribution

DODO Tokens:

The rewards for the first week are usually $7,500 worth of DODO for each pool. But due to the Super Booster program, the value rewards of DODO tokens in the first week will be tripled, with $22,500 worth of DODO tokens for each pool being up for grabs from June 1-8, 2021 UTC +8.

DODO will continue to re-adjust the weekly reward value every Monday based on the total trading volume from the previous week after the first week. The maximum weight for a week’s mining rewards could be as high as $45,000 worth of DODO tokens. The determination of the subsequent weekly reward is extensively discussed in DODO Dekbox Booster Campaign Blog.

DEK Tokens:

Dekbox will release 62,500 DEK BSC tokens (0.31001 DEK per block) per week, and a total of 250,000 DEK tokens are expected to be released throughout the campaign.

VDODO holders can earn DEK tokens rewards through vDODO mining by simply staking their vDODO tokens during the event. Users can access vDODO mining HERE. 

vDODO holders will share a total of 100,000 BEP-20 (BSC) DEK tokens, split proportionally based on their number of vDODO tokens staked. 

DEK Token Contact Address:

About Dekbox

Dekbox is a DeFi multichain ecological platform for aggregated revenue jointly created by community developers enthusiastic about Decentralized Finance (DeFi) and NFTs. 

The platform has a wide range of product suites, including liquidity mining, swaps, cross-chain lending, synthetic asset circulation, NFT auction, and a cross-chain bridge with leading technology advantages for a broader range of DeFi ecological assets. With the completion of the cross-chain deployment of BSC chain and other public chains, Dekbox takes the DeFi innovation further as its responsibility.

To learn more about Dekbox, check out the following resource;

Website | Twitter | Telegram | Discord

About DODO Dex

DODO Dex is the onchain decentralized exchange and liquidity provider for everyone powered by a Proactive Market Making (PKM) algorithm.

Its super booster program offers users the ability to receives max rewards for their liquidity provision up to 3x the usual rewards and have been home to recent projects and now Dekbox.

Website | Twitter | Telegram | Discord

Disclaimer: There is risk associated with providing liquidity on a token, and these LP pools are not exempted. One such risk is the risk of impermanent loss, extensively covered HERE. Before investing in any project, DYOR!

Source : bsc.news