Earn with OVM by providing liquidity to pools and collect extra rewards in OVM tokens for participating in liquidity mining programs.
The first OVM liquidity mining program is going live on Pancakeswap after the official token launch
Overmoon is launching a liquidity mining program to reward OVM/BNB liquidity providers on PancakeSwap V2.
Overmoon will provide a total of 8.5% of the max supply of OVM tokens for the first year.
The first reward period will last four months. It will be incentivized with 80% of OVM tokens used for the protocol.
By incentivizing OVM liquidity pools (LP) with rewards, we aim to build the liquidity necessary to minimize costs/slippage and build long-term value for the OVM ecosystem.
The remaining 20% tokens will be used to incentivize equally exciting liquidity mining programs in the coming quarters. #OVMmining
The first OVM liquidity mining rewards program
In the first four month period, in addition to the 0.25% trading fees earned via PancakeSwap, LPs who are whitelisted will also earn their share of the 8.5% tokens. This share is proportional to the amount you deposit into the pool.
Our solution is based on an on-chain analytics system that tracks LP tokens, showing the exact beginning and end time of all LP token contributions.
In addition, the Overmoon developers have their own solution which is capable of tracking these parameters.
They take hourly snapshots, and at the end of the month we can see which wallets have deposited their capital into the LP and for how much time.
This gives the Overmoon team an overview of how much liquidity is being deposited day by day.
- We require 0.5 BNB minimum.
- To be eligible your liquidity must remain in the pool for at least seven days
- Recommended reading: please read this article https://academy.binance.com/en/articles/a-guide-to-pancakeswap if you’ve never participated as a LP before.
- The available rewards are divided throughout the entire pool. If someone is providing liquidity and does not whitelist their address, their share of the rewards will not be redistributed to the rest of the pool.
- The program will continue monthly unless we announce otherwise
- Liquidity reward calculator: HERE
Pankcakeswap is a decentralized exchange running on the BNB Chain used for swapping BEP20 tokens.
Pancakeswap has undergone an audit of its code by CertiK.
However, this does not guarantee 100% security. Depositing funds into a smart contract always carries the risk of bugs, even for audited and credible projects.
Your tokens stay in your wallet. Our solution is based on an on-chain analytics system that tracks LPs tokens, allowing us to see the start and end times of LP token contributions. This gives the Overmoon team an overview of how much liquidity is being deposited day by day.
Transaction taxes are 8%. Check our tokenomics section on the website and whitepaper.
The mimimim required to participate as an LP is 0.5 BNB , plus the equivalent value of OVM (automatically calculated by PancakeSwap).
You can calculate your liquidity mining rewards with the calculator above. Enter the amount and check your earnings!