Sipher has chosen the capital-efficient KyberSwap protocol and DEX Aggregator for enhanced token liquidity on Ethereum, with ~$50M+ in SIPHER and KNC rewards!
KyberSwap is a next-gen DEX aggregator and liquidity protocol that achieves the greatest charges for merchants by way of liquidity aggregation, whereas offering capital-efficient and better returns for liquidity suppliers by way of amplified swimming pools and dynamic charges.
Kyber has been growing each the quantity and liquidity of key token-pair swimming pools on KyberSwap. Considered one of our key initiatives is working with very promising tasks reminiscent of Sipher to incentivize customers and increase liquidity collectively!
These joint initiatives with in style tasks on Ethereum proceed with a whopping ~$50M+ liquidity mining marketing campaign with Sipher — one of many largest GameFi campaigns ever!
Sipher is a MOBA and Exploration Sport with an end-game aim of making an Open World Social Sport. Primarily based on ERC-721, the first assortment of 10,000 characters, Sipherian Surge, belongs to the SIPHER INU race, with extra races to be added over time. Sipher just lately raised $6.8M in a private sale and over $44M in a public sale.
Sipher’s Imaginative and prescient:
SIPHER Token: $SIPHER is the token on the heart of Sipheria, serving vital capabilities just like the creation of latest characters, cost of market transaction charges, permitting the acquisition of specialty objects, and extra. Nonetheless, its capabilities lengthen past that. $SIPHER will present gamers with a novel alternative to take part within the governance of the sport, serving to form the way forward for Sipheria.
- Amplified Liquidity Swimming pools with extraordinarily excessive capital effectivity; much less tokens required to realize higher liquidity and charges in comparison with AMMs.
- Dynamic Charges that react to market circumstances and optimize returns for LPs.
- Higher Reliability & Safety: Audited by ChainSecurity and insured as much as $20M by Unslashed Finance.
KyberSwap ensures significantly better charges on Ethereum for $SIPHER merchants in comparison with buying and selling on particular person DEXs. That is doable by way of Dynamic Trade Routing which aggregates liquidity from a number of DEXs, together with our personal capital-efficient KyberSwap swimming pools!
Liquidity suppliers can now add any quantity of liquidity to the eligible SIPHER-ETH pool on KyberSwap on Ethereum to get liquidity supplier (LP) tokens and unlock their share of the $50M in liquidity mining rewards over the following two months.
- Begin time for KNC rewards: block 13801200. ~12:00PM GMT+7 14/12/2021
- Finish time for KNC rewards: block 14401200 (~3 months later)
- Begin time for SIPHER rewards: ~12:00PM GMT+7 14/12/2021
- Finish time for SIPHER rewards: ~12:00PM GMT+7 14/12/2022 (~1 12 months later)
- Rewards: 150,000 KNC and 50,000,000 SIPHER (~$50M in complete)
- Marketing campaign Length: 12 months for SIPHER rewards, 3 months for KNC rewards. After 3 months (as soon as all KNC rewards are distributed), customers nonetheless need to proceed staking within the KyberSwap farm to mint the staked LP token that enables them to say SIPHER rewards on the Sipher portal.
- Vesting: 14 days for KNC, 12 months for SIPHER
- SIPHER-ETH Pool: https://kyberswap.com/#/pools/0x9F52c8ecbEe10e00D9faaAc5Ee9Ba0fF6550F511/ETH
- SIPHER Token Tackle: 0x9f52c8ecbee10e00d9faaac5ee9ba0ff6550f511
- SIPHER Coingecko: https://www.coingecko.com/en/coins/sipher
Marketing campaign Construction
- ~12-month marketing campaign with $50M in rewards (3 months for the KNC rewards portion)
- Though the beginning time for yield farming rewards is ~12:00PM GMT+7 14/12/2021, liquidity suppliers can already begin including liquidity to the SIPHER-ETH pool now to start out getting ready!
- Go to KyberSwap.com
- Ensure you are on the Ethereum community and have some ETH tokens for fuel transaction charges on Ethereum.
3. Go to the Swimming pools web page and add liquidity (deposit SIPHER + ETH tokens) into the eligible SIPHER-ETH pool, which has a inexperienced raindrop 💧 icon. You’ll obtain Liquidity Supplier (LP) tokens representing your pool share after you add liquidity.
4. Subsequent, go to the Farm web page and click on Approve on the SIPHER-ETH farm. As soon as accredited, stake your LP tokens on the SIPHER-ETH farm.
You possibly can simply click on MAX if you wish to stake all of your LP tokens. You’ll obtain a brand new Kyber Staked LP Token or SLP that represents your staked LP place.
5. For KNC rewards, you’ll begin receiving them instantly on KyberSwap.com (after the beginning time of ~12:00PM GMT+7 14/12/2021), and they are often harvested anytime.
6. Yield farming SIPHER rewards is a bit more particular. After staking your LP tokens, you’ll obtain one other Kyber Staked LP (SLP) token representing your staked SIPHER LP place. This particular token can then be deposited on the Sipher portal https://sipher.xyz/stake/deposit/kyber-slp-sipher-eth to generate SIPHER rewards, which additionally need to be claimed there.
~$50M in liquidity incentives might be distributed in complete!
Go to the Sipher portal: https://sipher.xyz/stake/deposit/kyber-slp-sipher-eth, join your pockets and APPROVE your tokens for staking. Select between the Versatile or Locked choice. Stake your Kyber SLP tokens there to start out incomes SIPHER rewards!
Learn extra about staking Kyber Staked LP tokens (SLP) on the Sipher portal: https://atlas.sipher.xyz/sipher-staking-instructions
Extra particulars right here: https://medium.com/sipherxyz/sipher-staking-instructions-b96d900a5d5c
7. After receiving KNC rewards on KyberSwap, you possibly can Harvest your KNC rewards everytime you need. If you harvest KNC rewards, a 14-day vesting interval begins, with rewards unlocking at each block.
8. Go to the Vesting tab to say rewards as soon as they’re unlocked. Declare all unlocked KNC rewards after the vesting interval of 14 days. Unlocked rewards could be claimed anytime.
9. For SIPHER rewards, they need to be claimed on the Sipher portal https://sipher.xyz/stake/deposit/kyber-slp-sipher-eth. Bear in mind, to generate SIPHER rewards, it is advisable to have first staked your Kyber SLP tokens (the brand new token you obtain while you stake KyberSwap LP tokens on the KyberSwap farm) on the Sipher portal.
10. To Take away liquidity: First unstake your LP tokens on the KyberSwap Farm web page, then go to the My Swimming pools web page to view and take away your liquidity place. For extra particulars, learn this guide on easy methods to take away liquidity.
Watch this instance video for detailed directions on Yield Farming!
Essential: The Sipher marketing campaign is on Ethereum and also you solely get SIPHER rewards in the event you stake your Kyber Staked LP tokens (SLP) on the Sipher portal. This step isn’t within the video under.
As talked about above, KNC rewards obtained could be staked on KNC swimming pools or KyberDAO for added KNC rewards or on KrystalGO for unique Token Sale allocations.
You may as well commerce $SIPHER, $USDC, $USDT, $ETH and plenty of different tokens at the perfect charges by navigating to the ‘Swap’ web page. Learn this user guide on easy methods to use KyberSwap! In case you have questions, be part of our Discord.
We stay up for working intently with the Sipher workforce on future collaborations!
Unfold the love!
Sipher is an off-the-cuff MOBA and Exploration Sport with an end-game aim of making an Open World Social Sport. Constructed as ERC-721 Blockchain, the first assortment of 10,000 characters, specifically Sipherian Surge, belongs to the SIPHER INU race.