Staking and DEX LP incentives
Staking
Staking AZUR signals your commitment to Azuro. By staking AZUR, you’ll be eligible to earn an estimated ~22% APY, starting 24 Jun 2024 until the end of the staking period. The duration of the staking period is not announced ahead of time.
Further details to be disclosed closer to the end of the staking period.
Staking rewards are generated off the overall value that is accrued to the Azuro ecosystem. They are not derived off new emissions from the uncirculated AZUR supply.
1. Staking Rewards
When staking AZUR, users will receive stAZUR, our liquid staking token that can be used on partner platforms (such as Sophon) to gain additional rewards from our partners.
Claiming Rewards
Once rewards are distributed, they can be claimed through the staking dashboard, with no restrictions on timing.
If you staked AZUR using the old contract, you'll continue earning rewards. To receive stAZUR, you must claim it in the app (opens in a new tab).
See how to stake below (opens in a new tab)
2. Liquid staking with Sophon farming program
Starting 22nd of August, 2024, AZUR stakers can utilize their stAZUR tokens on Sophon's platform to farm Sophon Points (SP). These points will be converted to SOPH tokens once the Sophon Mainnet goes live and they launch the SOPH token.
Staking stAZUR with Sophon allows you to earn double rewards, since staking stAZUR with Sophon is equivalent to holding stAZUR in your wallet.
How to Stake:
- To check your allocation and stake AZUR, go to Azuro App (opens in a new tab)
If you aren’t finding your tokens in the Airdrop section, check the Vesting section - they might be there.
- Stake AZUR in the AZUR Staking (opens in a new tab) section of the app.
DEX LP Incentives
By participating in the DEX LP Incentives program, you can earn rewards distributed over a 90-day period.
Starting at TGE: 6,000,000 tokens will be allocated over 90 days.
Distribution Rate: Equal distribution block by block, resulting in 66,667 tokens per day or 2,778 tokens per hour.
Your share of the AZUR reward from each block depends on the value and range of your LP position. You do not receive any DEX Farming rewards when the AZUR price is outside your LP position range:
Narrow Range: Concentrating your AZUR-WETH liquidity in a narrow price range can significantly boost your rewards. The smaller the range, the higher your reward share, providing an excellent opportunity for increased returns when the AZUR price remains within your chosen range.
Wider Range: Spreading your liquidity over a wider range offers more stability and consistent rewards. Covering a broader range ensures that a significant portion of your liquidity is always active in trades, leading to steady returns while still participating in the reward distribution.
To participate in the DEX LP Incentives program, follow these steps:
- Add Liquidity
- Provide liquidity to the ETH/AZUR pair on Uniswap.
- Stake Liquidity Tokens
- Stake the liquidity token (NFT) received from Uniswap in the Azuro App.
Unstaking
Unstaking is available at any time. There is no unbonding period.