Stock liquidity mining on DeFiChain
Most common questions & answers
for stock liquidity mining after fort-canning hardfork
Most common questions
Since the fort-canning hardfork happened on Block #1.367.000, liquidity mining, stocks and loans are now LIVE.
But to be able to use the new functionality, we still have to wait for a few more days.
In the following section we're answering the most common questions regarding liquidity mining with stocks
Which stocks will be available to trade / liquidity mine?
There are no information about which stocks will be available at the beginning yet.
The upcoming news show will reveal more.
What we know so far is, that ETFs, metals, immo, and stocks will be available
How can I put my BTC-DFI LM rewards into the stock liquidity mining?
You simply have to swap your DFI rewards to dUSD.
Then swap 50% of the dUSD in the desired stock (dSTOCK).
Afterwards you can create a pair out of both and provide the pair to the corresponding liquidity pool.
When will stock liquidity mining go live?
The liqudity mining rewards will get live at the end of november alongside with the light-wallet (mobile wallet) update.
But I heard that stock liqudity mining is already live!
Theoretically yes, but there are no rewards yet (0%).
You could theoretically use the CLI (Command line interface) to use the new features brought with the fort-canning update/hardfork.
When stock liquidity mining rewards are going live, will there be a ramp up phase?
No, there won't be a ramp up.
The rewards will be distributed to 100% right form the beginning.
Do I have an impermanent loss risk with stock liquididy mining?
Yes.
But the risk is way lower compared to liquidity mine in a "standard pool" because stocks are less volatile than crypto assets.
Can I liquidity mine with DFI and TSLA ?
No.
The avaiable pool pairs are either dUSD + dSTOCK or dUSD + DFI
What does the "d" mean in dUSD and dSTOCK?
This means, that this is not a phsycical asset but rather a tokenized asset.
Tokenized assets are backed and represent a real-world value.
In which assets will I receive my liquidity mining rewards when mining with dUSD and dSTOCK?
Block rewards are always getting paid in DFI. Hence the rewards will be paid in DFI
Fort canning is live! How can I liquidity mine?
The hard fork already happened and the fort-canning is live.
In theory you could liquidity mine over the CLI with 0% rewards right now.
To be able to liquidity mine and get rewards, you have to wait until the wallets gets updated and GUI (Graphical user interface) for stock liquidity mining is enabled.
After the update of the light wallet (end of november), the rewards will for stock liquidity mining will get activated.
Which wallets will get updated?
Light/Mobile Wallet: End of November Saiive Wallet: Start-mid december DFX: Shortly after the light/mobile wallet has been released Desktop Wallet: No information yet (CLI already working)
Will the APR of other pool pairs like BTC-DFI or ETH-DFI rise as well?
Imporant to know is, that the "default" pools will not get an adjustment in terms of rewards per block.
That means, that the rewards should stay the same theoretically.
However, most likely a lot of people will switch over from a "default" to a stock liquidity pool which will result in a higher APR for the default liquidity pools.
Where does the extra DFI for stock liquditity mining come from?
They come from the consensus/blockchain itself.
Currently the DFI for stock liquidity mining are already reserved and are getting burned for each "mined" block
As soon as the liquidity mining goes live, a "switch" will be triggered to use the reserved DFI as rewards instead of burnining them.
What is the expected APR for stock liquidity mining?
It all depends of the pool pair you choose
As more volatile your pair is, as higher the rewards will be
We expect an APR of roughly 1000% for certain pairs
These numbers may drop drastically as more and more users entering the pool.
Wait... Does that mean that more DFI are getting paid as rewards per Block (inflation)?
Yes.
Once stock LM went live, the overall rewards per block will be higher which results in a inflation.
I still don't get this stock liquidity mining thing...!
Daniel Zirkel explained it in great detail here:
