Bi-Weekly Update: ADDY / ETH Emissions, Arbitrum One Portal, PECO Index & more
ADDY-ETH Proposal Passed
The Adamant team proprosed a change to the rewards for the ADDY/WETH pool that would give a minimum of 150 ETH worth of ADDY rewards/week. The plan passed 96% (55.8k locked ADDY) to 4% (2.33k locked ADDY). You can see the voting results on Snapshot HERE.
Under the new emission plan, the ADDY/WETH pool will get a minimum of 150 ETH worth of ADDY rewards/week, regardless of platform revenue.
This plan is LIVE!
QuickSwap Furnance
On October 12th, QuickSwap provided Adamant with $60,000 worth of QUICK tokens for our Furnace. Users can burn ADDY in exchange to earn QUICK tokens over the 60 day period.
The Furnace now completely burns ADDY. It is no longer redistributed to ADDY lockers.
PECO Index
Adamant has landed in the 3rd biggest position amongst Amun’s new Polygon Ecosystem (PECO) Index.
Created collaboratively by Amun, Polygon Foundation, and leading Polygon projects, PECO is Polygon’s first ecosystem index token.
PECO’s initial composition is made up of 50% MATIC, with the remaining 50% comprising Quickswap, DFYN, Adamant Finance, Aavegotchi, and Qi Dao. This composition provides an alternative to only holding MATIC, instead of providing a token that grows with the entire Polygon ecosystem.
Read more HERE.
Arbitrum Portal
Adamant is lot easier to find as it is now listed on the Arbitrum One Portal. Arbitrum One Portal lists the top wallets, dApps, tools and bridges on Arbitrum Network.
We have officially launched on Reddit. We would strongly encourage you to give us a follow there and join the conversation!
New Vaults
Polygon: TEL/WETH, TEL/QUICK, WMATIC/WETH (dual rewards), WMATIC/USDC (dual rewards), WMATIC/USDT (dual rewards), WMATIC/QUICK (dual rewards), QUICK/DES, UCO/WETH, WETH/ALN, EROWAN/AKT, WMATIC/FTM, EROWAN/REGEN, WETH/DPI, EROWAN/XPRT, GFARM2/QUICK, WMATIC/SHIB, IRIS/EROWAN, GFARM2/DAI
Adamant Vaults is the #1 autocompounder and yield optimizer on the Polygon and Arbitrum networks by TVL. Our contracts on Polygon are Certik audited. Adamant users stake their deposits from other platforms and receive autocompounding plus additional rewards of our native token ADDY (Polygon) / ARBY (Arbitrum). 100% of Adamant’s fees are distributed to native token stakers and lockers.
Website: https://adamant.finance/
Telegram: https://t.me/adamantfinance
Discord: https://discord.gg/69ureKKYz2
Github: https://github.com/eepdev/adamantfinance
Twitter: https://twitter.com/AdamantVault
Reddit: https://www.reddit.com/r/AdamantVault/
