HbarSuite Liquidity Injection Program
Hello Future! We are delighted to share the upcoming launch of our Liquidity Injection Program, designed initially for Shibar NFT holders, and subsequently extended to the wider public.
- For the initial ten days, this program will be exclusively available to Shibar Gold NFT holders, giving them the privilege to inject liquidity.
- In the following ten days, Shibar Silver NFT holders will be added to the whitelist.
- The next stage, spanning another ten days, will see Shibar Bronze NFT holders gaining access to liquidity injection.
- after a minimum of ten days from the whitelisting of Shibar Bronze NFT holders, we will open this facility to the general public.
Liquidity Injection Procedure and Rewards
Participants can choose to inject liquidity into our two available pairs, such as HBAR/HSUITE and/or HSUITE/SHIBR. Upon doing so, an NFT representing the position will be minted, bearing an intrinsic value derived from the number of tokens injected into the position.
Participants will benefit from a generous, fixed APR of 33% for HBAR/HSUITE pool, while 15% APR for HSUITE/SHIBR pool, both rewarded with the equivalent amount in HSUITE tokens.
Note: To qualify for the rewards, the position must remain open for a minimum of 30 days.
Payouts will be carried out every 30 days for each position and can be collected by the account currently holding the specific NFT. This means two things:
- The NFTLP can be traded on secondary markets or gifted.
- Withdrawal of liquidity prior to a 30-day cycle will result in forfeiture of that month’s rewards.
Note: Due to the latest Hedera Security model Upgrade, we are aligning properly with the new model before the LP program will be launched, therefore expect a slight delay of a few days.
Please stay tuned for the forthcoming launch date of the liquidity injection program.
Thank you for your continued support, HbarSuite Team