Uniswap Liquidity Mining Program and $DVT Distribution Announcement
Dear SafeStake Community:
The LBP period ended today at 09:30 UTC. Thank you to everyone who participated in finding the initial reasonable market price for $DVT.
We acknowledge there was only one single LP (the Pool deployer) during the whole LBP period, so, we have decided to re-allocate the remaining 1,627,548 DVT tokens from the Mkt & Initial liquidity portion (based on the Liquidity Bootstrapping Governance Proposal) to kick start a 90-day Uniswap Pool liquidity mining program.
Timeline for the Uniswap V3 pool deployment
We are planning to launch the Uniswap V3 pool in one week, along with a 90-day liquidity mining rewards program. Additionally, upon a good suggestion from the community, SafeStake will be partnering with Arrakis to manage the UniV3 vault, helping to build liquidity in a sustainable manner.
How to provide liquidity on Uniswap V3 and receive LP rewards during the first 90 days
You can find the official guidelines at the link below. Please be careful to select trading pairs in DVT/WETH, and always verify the official DVT token contract address.
https://support.uniswap.org/hc/en-us/articles/7423194619661-How-to-provide-liquidity-on-Uniswap-V3
Please be noted Uniswap is a permissionless DEX, and anyone can create a Uniswap Pool for trading. DO NOT participate in any of the Uniswap pools before our official launch announcement. Or you may suffer loss, and won’t have any LP rewards.
Timeline for $DVT distribution
Many of you have been asking about when DVT tokens will be distributed. So far, around 610 users have completed their conversion transactions. The team will distribute $DVT to these users by the end of this week.
Once again, thank you for your continued support! Stay tuned for our next announcement.
Sincerely,
The SafeStake Team