Hey everyone, as you may have heard, we launched our AMM + Liquiidty Pool feature for real estate properties on Lofty late in 2023. As a result, this will be the first period we qualify for targeted DeFi rewards. Our distribution plan is to give the rewards pro-rata to people who stake USDC in any …

i would like to get some details: amount of rewards allocated amountof usdc staked currently what is the goal of this incentive, how does the usdc staked on your LP help algorand in general(i’m not familiar with the feature)

can you be a bit more specific on how many snapshots you want to do? will this be a weekly thing with a weekly payout or just for the whole period?

Hi, I agree with @lobo . please, provide how often snapshots are taken and rewards paid out. I think weekly distributions are good way to go. This way new liquidity will be incentivized in the middle of the period and reward cycle is not too long or short. Regards, ROAM

The amount allocated to us is 62,531 ALGOs capped at 119,704 ALGOs assuming our TVL grows by a lot during this period. You can see the TVL live on our staking portal at https://amm.lofty.ai As far as we know, Lofty is the only place in the world where you can stake USDC (and soon ALGOs) against re…

We’re open to feedback, so things are subject to change. But the goal is to reward people who aren’t just here to take advantage of some extra yield and dip, but to really incentivize people to provide liquidity for a longer duration. The actual rewards for staking are paid out in real time, so st…

Nice, thanks for the response - deffinitelly great addition then!

Youre doing a great job and the best innovatjon of any blockchain. Whatever you ask, lets give it to you.

i see. you should keep in mind that if you only reward people who keep their liquidity for the whole period (starting at date X and ending on date Y) people wont be able to provide liquidity and earn part of these incentives later on during the period (than date X) which could lead to less liquidity…

I am using Lofty and I have a general idea of how AMM + LP works. However, I do not have the expertise to explain it accurately to everyone. Given that you’re pitching to the entirety of the Algorand ecosystem, I think there will be people who do not know how the USDC staking works in the Lofty AMM …

GP11 DeFi Rewards - Lofty

Governance Discussions

PMDBT February 23, 2024, 2:52am 11

Appreciate the kind words, but more than happy to have folks dig in more and ask the tough questions

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GP11 DeFi Rewards - Lofty

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