SiennaSwap LP Rewards Update
75% of the SIENNA / sSCRT LP rewards were reallocated to the SIENNA / stkd-SCRT LPs.
SIENNA / sSCRT
SIENNA / stkd-SCRT
SIENNA / sSCRT = 400 SIENNA / day
SIENNA / stkd-SCRT = 0 SIENNA / day
SIENNA / sSCRT = 100 SIENNA / day
SIENNA / stkd-SCRT = 300 SIENNA / day
Liquid staking solutions—such as Shade Protocol’s stkd-SCRT — provide users with yield-earning opportunities that would otherwise be unavailable to them. When users LP SIENNA / stkd-SCRT, they are not only earning LP rewards in SIENNA, but are also accruing SCRT staking rewards on their stkd-SCRT. Therefore, boosting the LP rewards of the SIENNA / stkd-SCRT pool, while lowering the LP rewards of the SIENNA / sSCRT pool is in the best interest of SiennaSwap users (2 income streams with SIENNA / stkd-SCRT, as opposed to only 1 with SIENNA / sSCRT).
For a comprehensive step-by-step SiennaSwap user-guide, check out the following blog post by the Secret Network Education Committee:
Alternatively, you can check out our video guides below:
For more information on Shade Protocol’s SCRT staking derivative, check out this blog post: