Product Update Issue 17: C-OP Incentives Part 2
TLDR
pUNN Geyser launches tomorrow at https://geyser.unn.finance.
Stake pUNN and participate in the 5 Million UNN, 90-days incentive.
After examining various different approaches for aligning long-term incentives of pUNN providers — including whitelisting Geyser addresses as originally considered — UNION settled on decreasing the transfer and withdraw cool-down period of pUNN to 2 blocks (roughly 30 seconds).
Given the nascent state of the pool, priority is on growing the pool size to provide sufficient liquidity to C-OP buyers. This priority aligns with the C-OP 5 Million UNN Geyser incentive revealed in our last update.
The cool-down period will be revisited in the future as C-OP amount covered increases.
How to Earn with pUNN
With this decided, UNION will launch the pUNN Geyser tomorrow at https://geyser.unn.finance/. UNION will announce through official channels once deployed.
To participate:
- Add USDC to C-OP ETH pool at: https://c-op.unn.finance/stake/add-liquidity. You must have USDC as collateral and ETH to pay for gas fees.
- You will receive pUNN tokens, with contract address: https://etherscan.io/token/0xf330951BD4FcFE714558f7Ca84357B04d8408048
- Go to UNION Geyser and select the pUNN token from top left. Note: this option will only be available once the pUNN Geyser launches tomorrow.
- Click Deposit.
Done! You will start sharing in the ~55,555.56 UNN /day of accrued rewards, on top of any C-OP premiums.
As of this writing, $35,240 liquidity has been added to the pool by 11 addresses. Congratulations to these smart trail-blazers, who have accrued 666,667 UNN since 5/7th. Rewards for these early birds will be distributed directly to their wallet addresses.
Once the Geyser launches, incentives can only be earned through the Geyser. So, everyone, including early birds above, please stake your pUNN!
We look forward to the growth of C-OP liquidity and launching more pools.
About UNION
UNION is a technology platform that combines bundled protection and a liquid secondary market with a multi-token model. DeFi participants manage their multi-layer risks across smart contracts and protocols in one scalable system. UNION decreases the entry barriers for retail users and lays the foundation for institutional investors. UNION’s full-stack DeFi protection is inclusive, composable, and brings battle-tested capital and pricing models from TradFi to the DeFi ecosystem.
Website: https://www.unn.finance/
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