APR Reset Features
How Does APR Reset Works
As adapted from Swift Finance, CronianSwap will only have up to THREE "native" farms and FOUR "non-native" farms at any given time (for now).
At this moment, we will have the following "native" farms which will be our mainstays which are:
CRONIAN - CRO 10x multiplier
CRONIAN - USDT 10x multiplier
CRONIAN - 4x multiplier
Voting of Non-Native Farms
For our non-native farms, we will give our community the chance to vote on which coins they'd want to farm with. These farms will only be available for up to ONE WEEK.
After that, investors in the yield farm will then vote on the next set of farms to replace the current set.
For our first batch of "non-native" farms, we will have the following:
USDC - 2x multiplier
WCRO - 2x multiplier
WETH - 2x multiplier
CRO - USDT 2x multiplier
For the experienced yield farmers, you would have noticed that our non-native farms and native farms have different multipliers. This is to incentivise more farmers to provide liquidity for CRONIAN, reducing the price impact for CRONIAN.
Quick Example For Our Non-Native "Farms" APR RESET Feature
Let's say on Day 1, we have a $VVS pool.
Because it is a brand new farm with 0 deposits, the APR would normally reach up to 200,000%.
After a few days, as more people deposit into the farm, the APR would slowly decrease to around 200-300% APR.
This $VVS farm would remain active until the SEVENTH DAY, where it will no longer receive any rewards and will be replaced with a brand new farm and token voted by the token holders.
Let's say the $VVS farm is replaced with a brand new $CRONA farm.
This brand new $CRONA farm will also have the brand new 200,000% APR and will farm for the next SEVEN DAYS until it is replaced with yet another brand new farm.
Do note that there will be a 24 hours cool down period between each cycle.
Below is the timeline for the first 5 APR reset:
Does this means the $VVS Farm, will never accrue rewards again? No, the $VVS farm can continue to accrue rewards in a later cycle, or in fact, they can be voted in to be in the next immediate cycle as well, depending on the popularity.
But do note that even if the $VVS farm gets carried over to the next immediate cycle, you will need to stake $VVS again. Read the section below to understand more.
Extra technical notes:
Each time before a new farm is released, the devs will do a forced withdrawal, which you can look at below.
This ensures that no one can "game" the system by letting their assets remain until the next farm cycle where the rewards will continue to accrue.
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