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BEPRO Uniswap Rewards Program

BetProtocol Team
October 26, 2020
BetProtocol is kicking off its latest venture in the Decentralised Finance (DeFi) space with the announcement of the BEPRO Uniswap Rewards Program.

Uniswap is a fully decentralized protocol for automated liquidity provision and trading on Ethereum. Liquidity providers automatically get a 0.3% fee generated by Uniswap trades on the trading pairs they provide liquidity to. We are going to sweeten the deal even more with our new BEPRO Uniswap Rewards Program.

https://www.theblockcrypto.com/linked/79775/uniswap-coinbase-monthly-volume-september

Uniswap's volume has been exploding in recent months, and it has even overtaken Coinbase in volume. The overall market sentiment towards DEXes has really shifted in favor of on-chain swaps, liquidity provision, and exchange. DeFi shows no signs of slowing down, and we anticipate that this is just the beginning. So for this we are providing incentives to our community of BEPRO holders to add on-chain liquidity on Uniswap.

BetProtocol will provide a prize pool of five-million $BEPRO tokens each month, to be shared with the top liquidity providers on Uniswap for the BEPRO/ETH market found here:

https://uniswap.info/pair/0x51C1d5Cdf10DDa49219054920c22c8d4a23EEd89

You can earn a portion of this monthly five-million BEPRO prize pool depending on how much you contribute to the pool. All you have to do to qualify is make sure your BEPRO tokens are held in the Uniswap pool for at least 30 days, and whitelist your address. The rewards program is automatically renewed on a monthly basis unless said otherwise.

How It Works

It’s very simple. Just provide liquidity on the BEPRO/ETH liquidity pool on Uniswap V2, here. Rewards will be automatically paid out each month, depending on how much liquidity you provide vs. other liquidity providers. In general, the more overall percentage of the liquidity in the pool you provide the more overall rewards you'll get. Please check the Disclaimers section.

If you’re not sure about how a liquidity pool works, check this guide.

How to be Eligible?

  1. Provide at least 1 ETH worth of liquidity to the BEPRO/ETH Uniswap pool (Add at least 1 ETH + 1 ETH worth of BEPRO)
  2. Keep your liquidity locked in the pool for at least 30 consecutive days
  3. Whitelist your address in order to receive BEPRO prize payouts

How are Payouts Calculated?

1. To qualify you need to put at least 1 ETH + 1 ETH in BEPRO liquidity
2. Each qualifying liquidity add is only eligible for rewards 30 days after they are added
3. Each qualifier splits the reward pool among all qualifiers evenly by percentage of the pool.
4. If you remove liquidity at any point, your previous liquidity is disqualified and you must wait 30 days from the next time you add qualifying liquidity to qualify for rewards (this is to prevent paying out to people who rug pull)
5. Basically we take any qualifying LPs at the end of each period and split up the pool among them.
6. The first payout is delayed by 2 weeks to allow for a small grace period for people to unbond their staked tokens from exchanges and migrate them. Beyond that it'll payout each 30 days.

Disclaimers

  1. Participants in the BEPRO Uniswap Rewards program may receive varying amounts of ETH and/or BEPRO from the pool for being liquidity providers, due to the nature of Uniswap and other participants in the pool
  2. The amount of BEPRO tokens earned as prizes in this program may vary due to other participants in the pool
  3. BetProtocol makes no warranties or guarantees as to the safety and security of any and all funds deposited by participants on Uniswap
  4. BetProtocol has no liability or control over users’ funds lost on Uniswap due to bugs or breaches on Uniswap, or due to the users’ own negligence
  5. BetProtocol reserves the right to KYC any and all participants in the Rewards Program, and withhold any and all prizes pending KYC
  6. United States Persons, citizens or residents are prohibited from participating. Participants warrant that they are not residents, citizens of, or considered United States Persons; nor are they participating on behalf of a United States Person. Participants further warrant that their participation in the Program does not violate any applicable local laws and regulations.
  7. BetProtocol reserves the right to modify or cancel this Rewards Program at any time, for any reason, and without notice.

FAQ

What is Uniswap?

Uniswap is one of the most trusted decentralised exchange and liquidity protocols in the world. Check out their own FAQ right here.

Is Uniswap safe?

Uniswap has been audited. Here is a massive security audit performed by ConsenSys.

When do I get rewarded?

Prizes are sent to whitelisted addresses every 30 days.

Whitelist your address here.

About BetProtocol

BetProtocol enables you to create and manage online gaming platforms with no coding required. Thanks to BetProtocol’s blockchain technology, these platforms are secure, scalable and regulatory compliant. No need for expensive developer teams. We provide a fully customisable white label solution for crypto-enabled online casinos, Esports betting apps, sports books, slots, and more.

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