XIO LIQUIDITY PROGRAM
Built on top of Uniswap, liquidity for $XIO is extremely important for the success of the Blockzero Labs protocol. The XIO Liquidity Program (XLP) is an initiative to jump-start liquidity in Blockzero Labs and reward the Citizens who help make it possible.
25,000,000 XIO tokens were initially committed to the XLP (view wallet) that are to be earned over the next many years to decades. With feedback from XIO Citizens and to ensure the long term sustainability of this program, the amount of tokens XLP participants can earn will decrease over time as the XLP Funds are distributed.
How much can I earn?
Rewards currently range from 5-15% per month based on how long you lock tokens into the XLP. Rewards are paid out on a monthly basis from the 15th to the 20th based on what you earned in the previous month. To calculate how much XIO you can expect to earn, we use the XLP Formula below:
[ XLP Interest Rate * XLP Deposit Balance * XLP Multiplier ]
- The XLP Interest Rate is currently 5% and is based on how many Funds are in the XLP.
- The XLP Deposit Balance is how much XIO the Citizen deposits. Each deposit is treated separately.
- The XLP Multiplier ranges from 1.2x to 3x depending on how many calendar months you have completed.
Please reference the image below and view multiple examples in this article to properly understand the rewards before participating.
How do I start?
If you are ready to dive in, you will need 1 ETH worth of XIO + 1 ETH, a Web3 Wallet, and access to Uniswap. Here are the six steps to joining.
- Whitelist your address by filling out this form
- Go to this Uniswap Link (ensure you’re using Uniswap v2)
- Click “Select Token” and select “XIO”
- Connect the Wallet that you whitelisted
- In order to be eligible for XLP rewards, you must add at least 1 ETH + the equivalent amount of XIO within a single transaction.
- Click “Add Liquidity” and click “Confirm”
- If you withdraw any XIO from the XLP for any reason, you will no longer earn rewards. This means if you make monthly Deposits of 100 XIO for 15 months, and in the 15th month you withdraw 10 XIO, you will stop earning interest of any kind and your multiplier will reset. All previous deposits will never earn any more XIO rewards. All future add liquidity will earn rewards. If you withdraw any amount we recommend you withdraw all of it and then after that add some back if you want to still earn any rewards.
It is important to know that the ratio of your ETH:XIO can fluctuate while participating in Uniswap. If there is a large increase in demand for ETH, your stake ratio may see an increase in XIO. This is also true in the opposite direction. If there is an increase in demand for XIO, your stake ratio may see an increase in ETH. Before participating, please make sure you understand the potential outcomes of using Uniswap. For a more in-depth article on how Uniswap works, go here.
- The XLP is a continuously evolving program that we are trying to make better each and every day. With this, we must make it clear that XLP and the rewards structure within it is subject to change as needed by the XIO Foundation.
We are constantly adding to this FAQ. If you have any immediate questions that don’t seem to be answered in this article, please join our XLP specific Telegram Group.
Is Uniswap Safe?
While we certainly believe Uniswap is safe, we need to make it known that XIO does not control Uniswap. We at the XIO Foundation have no control over lost funds to Uniswap.
That said, Uniswap is one of the most used smart contracts in crypto and known to many across the industry as a liquidity leader. It is a technology built on a smart contract with no central authority.
Here is a massive security audit performed by ConsenSys.
When Can I Withdraw?
You can withdraw funds from Uniswap at any time. You control this 100%. As a reminder, any withdrawal of funds resets your multiplier and you will no longer earn XIO rewards.
Where can I see more rewards examples?
Go here: https://xio.network/important-update-to-xlp-rewards-structure-starting-august-15th/
What are the Requirements to be Eligible?
To be eligible for rewards, you must have locked liquidity for at least one month and have provided an initial amount equal to or greater than 1 ETH.
What if I want to lock more XIO?
Go for it. Just remember each deposit you make is treated separately. This means, each deposit you make has its own multiplier and expected rewards.
You can add to your XLP Stake whenever you want. Your reward will be calculated at a pro-rata based on when you Staked your new XIO.
What if the price of XIO or ETH Changes?
We highly encourage anyone who is participating in the XLP to understand how Uniswap Liquidity Pools work. A good video to explain can be found below by Chris Blec.
It is important to know that the ratio of your ETH:XIO can fluctuate while participating in Uniswap. If there is a large increase in demand for ETH, your stake ratio may see an increase in XIO.
This is also true in the opposite direction. If there is an increase in demand for XIO, your stake ratio may see an increase in ETH.
How is the Price on Uniswap Calculated?
This formula is surprisingly simple. Watch this video if you want a deeper understanding of the price.
Where can I find the XLP on Uniswap?
Where can I find the XLP Funds wallet?