Thread by @danku_r

The @astroport_fi lockdrop is running at full speed!

The question is, how many rewards to expect? Sounds wild, but there are quadruple rewards:

$ASTRO Lockdrop, Swap Fees, $ASTRO Generator, and LP Staking rewards from the protocols 🚜

Ultimate reward overview incoming 👇🧵/n

1/ Let´s break down the different rewards and evaluate the moment you obtain them.

First, everyone who locks his TerraSwap LP with @astroport will receive a one-time $ASTRO reward when phase 1 finishes.

Ten LP pairs are available with different $ASTRO allocations.

2/ Ultimately, the reward depends on the amount of LP and the duration of the lock (2-52 weeks) in comparison to everybody else participating.

You will obtain your $ASTRO at the end of Phase 2. The result will be known by the end of Phase 1.

3/ The mastermind @lejimmy created an excellent tool to check the current situation: share.streamlit.io/lejimmy/astrop…

I discussed with him the lockdrop and the first version of his tool on @Youbtue

4/ Second, all your position will keep increasing in value as they have been on TerraSwap due to swap fees.

The current APRs on $LUNA-$bLUNA (~15%) or $LUNA-$UST (~60%) are solely due to actual fees as people use the liquidity pool to swap.

5/ These rewards, as for TerraSwaps, can´t be claimed, as it´s just an increased stake in the LP token you hold.

You receive the rewards as the two native tokens you provided once you withdraw your liquidity from the pool.

You can find current APRs on app.alphadefi.fund/terra-pool-aprs

6/ Third, there will be traditional farming rewards for different LPs on @astroport

After launch, there will be 18 pairs that will receive $ASTRO via the so-called ASTRO Generators.

All lockdrop LPs are part of the emission schedule shared on Medium: astroport.medium.com/announcing-ast…

7/ And no worries: Lockdropers can claim the ASTRO Generator rewards while their LPs are locked (every block, thus around 6 seconds).

These rewards will be in $ASTRO tokens.

8/ And last, but not least: All LP pairs that are entitled to staking rewards, like $ANC, will receive those additional rewards via Dual Farming.

Dual Farming is one of the fantastic features that the ASTRO Generators enable via proxy staking.

Dual farming, double fun 🚜🎉

9/ The protocols that will enable the Dual Farming on @Astroport are:

@anchor_protocol @mirror_protocol @StarTerra_io @pylon_protocol @NexusProtocol @valkyrie_money @orion_money & @ApolloDAO

10/ Important: The current LP staking on the dApp pages is enabled via TerraSwap. Those rewards won't be granted anymore.

Due to the governance vote on the respective protocol, all LP rewards go to @astroport_fi

You either lockdrop, or provide liquidity on Astroport later.

11/ Taking a look at the current data, a lot of LPs would not get the LP staking rewards based on the current lock:

@anchor_protocol: 15% TVL
@mirror_protocol: 14% TVL
@pylon_protocol: 7% TVL
@valkyrie_money: 13% TVL

This would boost drastically the LP rewards for Dual Farmers

12/ In a nutshell. What to expect from the lockdrop? 🧐

Let´s check for $MINE with 52W lock right now:

$ASTRO Lockdrop: 1.1 $ASTRO/1UST TVL
Swap Fees: ~5% APR
ASTRO Generator: 1.4 $ASTRO/1UST TVL
LP Staking Rewards MINE: 96% APR in $MINE*

*Current APR on Pylon

13/ Still hungry for more Degen power on the @astroport_fi lockdrop?

I will review all the APRs and give an update on the status of the lockdrop in the next few days on my channel 🎥

See you there :)

youtube.com/c/danku_r