Celer Network Launches a WAGMIv3 Dual-Yield Liquidity Mining Program With Boba Network

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We are excited to announce a 3rd dual-yield liquidity mining event hosted by Celer Network and Boba Network on cBridge! From UTC May 11th 4am to May 31st 4am, cBridge liquidity providers will be able to stake in the USDC liquidity pool on Boba Network to earn CELR and WAGMI rewards!

On Jan 24th, Boba Network launched the WAGMI incentives program, which supports projects deployed on Boba by allowing them to offer additional incentives to users in the form of ‘WAGMI Options’. These WAGMI Options are “KPI Options” (key performance indicators) with payouts based on the performance of the Boba Network over a one-month period. For the May WAGMI Options, payouts will be in the ratio of 1 WAGMIv3 = 1 BOBA starting from June 1st.

Following Celer cBridge and Boba’s joint WAGMI campaign in March, cBridge LPs will be able to join the new WAGMIv3 farm for May and get WAGMIv3 on top of existing CELR rewards from the cBridge USDC liquidity pool on Boba between UTC May 11th 4am to May 31st 4am.

Liquidity Farming Details:
Pool: Boba USDC pool
Total CELR Rewards: 133,035
Total WAGMIv3 Rewards: 45,000
Daily CELR Rewards: 6,335
Daily WAGMIv3 Rewards: 2143

Starting from June 1st, LPs with WAGMI will be able to redeem their WAGMIv3 tokens for BOBA on gateway.boba.network at a 1:1 ratio. At any time, LPs with WAGMI can also exchange WAGMI for BOBA using OolongSwap at a ratio based on the supply/demand dynamics.

Stake your liquidity on cBridge and happy farming in this special event!

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