Weekly $LOVE Farms?
Some of our community members have expressed confusion as to exactly why our farms (“rewards”) were being reset weekly.
Adjusting the amount of $LOVE tokens being rewarded are done on a weekly basis as this calculation requires taking into consideration a couple of variables:
- The amount of liquidity in each LOVE LP pair, such as WETH-WBTC LOVE LP pair which at the time of writing has over $32k of liquidity
2. The number of reward pools that are currently active and being rewarded $LOVE which at the time of writing is a total of 17 pools to choose from (7 of which were just recently added!)
3. The amount of trading fees that accrue from any swaps, adding liquidity, or staking into either the rewards or dividends contracts (Click here to read more about how trading fees are distributed!)
As the number of liquidity providers increase, we will be ramping up $LOVE rewards accordingly. Resetting the rewards on a weekly basis will only be temporary until Love Boat’s liquidity is on a more stable trajectory!
Add liquidity to these pairs only on loveboat.exchange to farm $LOVE
But ser, how do I add liquidity? Click here for more detailed steps!