The Suinami Liquidity Campaign is here!

Consistent LPs of KriyaDEX can now claim real-time $SUI rewards

We’re beyond elated to announce KriyaDEX’s latest rewards program: ‘The Suinami Liquidity Campaign’. Starting July 18th 2023, KriyaDEX LPs will earn weekly $SUI token emissions as reward for adding liquidity to KriyaDEX pools. This campaign is second in a series of several campaigns that will rewards our early users, especially long term liquidity providers.

Contrary to our ongoing Chakra Campaign, where users accumulate $KRIYA rewards, eligible users of the Suinami campaign will be able to earn $SUI rewards and claim them real-time directly crediting them to their wallets.

Campaign Details 🌊

During the first week of this campaign (18th July 2023 - 25th July 2023) LPs of select pools will earn from a massive reward pool of 37037 $SUI tokens. We’ve kept the first week rewards exceptionally high to celebrate both the campaign launch and our latest product integration with Deepbook, Sui’s native limit orderbook. We will be publishing weekly reward pool values on our socials. Make sure to join our discord server or follow us on the bird app to stay up to date.

Users will earn SUI tokens based on the share of their LP position in the overall pool. Random snapshots of positions are taken every 2hrs and rewards are made claimable for the user. Users can claim their accrued rewards anytime throughout the week. At the end of the weekly epoch the reward pool maybe topped up with more $SUI tokens based on the community participation

Here' is the pool wise distribution of this week’s LP rewards 💰

1. SUI <> USDCeth: 18456 SUI

2. SUI <> USDCbnb: 4739 SUI

3. USDT <> USDC: 9188 SUI

4. WETH <> USDC: 4652 SUI

Interpreting the numbers: Let’s take example of the SUI / USDCeth pool. Currently the TVL of this pool (on the day of writing) is 23500 USD. Let’s say a user adds liquidity worth 1000 USD on day 1 of the campaign and over the course of the week the TVL of the pool also increases to 40000 USD. In this case, the user will earn at least the following amount of SUI in 7 days:

SUI Rewards (7D) = avg LP value of user / pool TVL * Reward Pool
= ( 1000 / 40000 ) * 18456 = 461.4 SUI (rewards collected over 7 days)

Total SUI Rewards distributed for SUI-USDCeth Pool every 2 hrs = Total weekly reward value / 84

Obviously the pool TVL can increase even more every snapshot based on community participation and per user rewards can decrease, these are just indicative numbers (except the SUI reward pool value, that’s real, set in stone, locked in a smart contract). We don’t want advertise fancy APY numbers hence have tried to explain the campaign rules via a practical example.

On top of these Suinami rewards, users will also continue to build their Chakra score and earn $KRIYA tokens as part of the Chakra campaign. The rewards earned via both campaigns can be tracked on a unified dashboard, by going to the newly added ‘Rewards’ tab

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Guide to Adding Liquidity on KriyaDEX

We understand that after reading the campaign details, many of you might be hurrying to add liquidity on KriyaDEX. To keep a level playing field, we’re attaching a quick guide below on how to add liquidity on KriyaDEX pools.

Step 1: Head to https://app.kriya.finance/spot/liquidity, you will see 4 pools

Step 2: Click on the ‘+’ icon next to any pool, the ‘Add Liquidity’ panel appears

Step 3: Enter the amount of tokens you want to supply to the pool. The second token amount will be auto-filled

Step 4: If you don’t have both tokens, no worries, using KriyaDEX’s single side LP feature, you can just supply 1 token and KriyaDEX will automatically swap 50% of the token and add liquidity. 

Step 5: That’s it, you’re done. You can track your LP position in the ‘Portfolio’ tab https://app.kriya.finance/spot/portfolio

Step 6: There is no need to lock your LP tokens anywhere, $SUI rewards will automatically keep getting accumulated as long as your liquidity is deployed. You can track your rewards on: https://app.kriya.finance/rewards 

Step 7: Click on the ‘Claim’ button next to your $SUI reward value. As you sign the txn, $SUI rewards will be credited to your wallet and unclaimed rewards value will reset to 0

That’s all folks, it is actually that easy 🙌 Happy yield farming 🧘‍♂️

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KriyaDEX was launched with the goal of building an alternate to the blackbox of centralised exchanges. Since the launch of our first product on Sui devnet in October 22, we have seen an immense wave of support and feedback from our community. As we continue to build in public we are happy to bring fresh new reward campaigns and ensure our community grows with us on this journey 🎁

Soon you will also be able to trade perpetual-futures on our order-book based derivatives exchange along with a host of other institutional grade products. For any feedback and longer discussions please join our discord community 🧘‍♀️

Discord: https://discord.gg/ngdx6JtDSn

Twitter: https://twitter.com/KriyaDEX

DApp: https://app.kriya.finance/ ; https://kriya.finance/

Docs: https://docs.kriya.finance/