Updated StellaSwap Farm Emissions
This week StellaSwap’s emissions on our Farms will undergo a minor revision, in the pursuit of improving the trading experience by attracting greater liquidity depths towards lower slippage and better prices overall. There will be a retirement of certain farms by the end of the month.
Why the Revision?
We are constantly evaluating StellaSwap’s trading activity and the overall MoonBeam market. In addition to consideration of the emission rate of $STELLA and its variety of variables including market price, quality of token holders, amongst a host of other things.
Therefore, responding to market conditions to adjust our emissions represents a continual process, one that is vital in ensuring a healthy and robust tokenomics.
Updated Farm Allocations
Here are the five farms with updated daily allocation of $STELLA, changes will go live in 24 hours.
🔼USDC-GLMR = 1,773 $STELLA per day / previously 1,355
🔼DAI-USDC = 1,773 $STELLA per day / previously 1,564
🔽WGLMR = 208.5 $STELLA per day / previously 312.8
🔽STELLA-AVAX = 1,668 $STELLA per day / previously 2,085
🔽MATIC-STELLA = 1,668 $STELLA per day / previously 2,085
Retirement of Farms
In a bid to improve our liquidity routing to provide the best prices and lowest slippage, we need to consolidate liquidity in GLMR-based pairs and reduce $STELLA-native farms. Right now, there are 4$STELLA-native pairs; STELLA-GLMR, STELLA-USDC, STELLA-AVAX and STELLA-MATIC. We would consolidate $STELLA liquidity to only 2 $STELLA farms: STELLA-GLMR and STELLA-USDC, so as to create deeper liquidity for $STELLA and foster greater efficiency in liquidity routing. Having more than 2 $STELLA pairs result in fragmented liquidity that prohibits efficient $STELLA routing and therefore does not reduce in lowering slippage.
TLDR: We will focus on growing the TVL of STELLA-GLMR & STELLA-USDC to boost price efficiency of $STELLA
The allocations of the aforementioned farms will be decreased in the next 24 hours, and will continue to reduce by 25% every week for 30 days, and will be totally retired/inactive at the end.
The affected farms are:
StellaSwap is the first and leading Moonbeam DEX that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge assets, explore new projects and engage in NFT trading all from a single unified platform. StellaSwap’s products are structured in such a way that facilitates decentralized governance of STELLA holders, while continuing to innovate on the collective foundations by design.