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Symbiosis Reward Programs
Receive rewards for providing liquidity with the Symbiosis protocol: Cross-chain Farming, SIS LP Farming, and veSIS programs. The comparison of reward programs.
Symbiosis offers the following reward programs for users who provide liquidity to the Symbiosis protocol:
- 1.Cross-chain Farming By providing liquidity in the form of stable assets to the Symbiosis Octopool, which is used to run cross-chain operations, users can earn on their assets while also contributing to the growth and liquidity of the DeFi ecosystem.
- 2.SIS LP Farming: Symbiosis owns liquidity pools with Uniswap on Ethereum and SushiSwap on Arbitrum. Users who provided liquidity to these pools can increase their rewards by staking LP tokens.
- 3.veSIS: veSIS is the perfect way to get more out of your crypto assets. By staking SIS tokens, users can receive rewards, increase APR for providing liquidity to the Symbiosis pools, and most importantly, gain voting power to shape the Symbiosis DAO.
- 4.Cross-chain farming + veSIS: Participation in two programs: Cross-chain Farming and veSIS increases the rewards for participating in the Cross-chain Farming program.
Rewards for these programs are paid in SIS tokens, the Symbiosis protocol token. For more information about the token (rates, tokenomics, etc.), see SIS Token of Symbiosis.
The main features of the reward programs are summarized in the table below.
Cross-chain Farming | SIS LP Farming | veSIS | |
|---|---|---|---|
Estimated APR/APY | APR 0.9 - 20%,
paid weekly | APY
11.9% on Ethereum,
25.3% on Arbitrum,
daily auto-compound | APR
9.01% on Ethereum,
34.3% on BOB chain
paid weekly |
Assets | Stablecoins added to the Symbiosis liquidity pool V2 | ETH/SIS tokens added to Uniswap or SushiSwap liquidity pools | SIS tokens
locked in a Symbiosis smart contract |
Rewards | SIS tokens | SIS tokens | SIS tokens |
Assets withdrawal | At any time | At any time | Once the chosen lock period is over |
Rewards claiming | At any time, partly | At any time, in full | At any time, in full |
More info |
Cross-chain Farming + veSIS -> Boosted APR
Users who participate in two reward programs: Cross-chain Farming and veSIS get boosted APR instead of base APR.
- Estimated* Base APR is 0.39 - 16.24% (depending on the stablecoin),
- Estimated* Boosted APR is 0.5 - 20.01% (depending on the stablecoin),
* Estimated APR values are calculated based on the total number of tokens locked at the time of calculation and the amount of rewards allocated weekly.
+ Liquidity provider fees
Users who joined the Cross-chain Farming or SIS LP Farming programs get their share of the liquidity provider fees when they withdraw their assets from the liquidity pools.
Liquidity provider fees are charged for all swaps performed on an AMM pool. The fees taken during trades are added to the total liquidity of the pool. When a liquidity provider withdraws their assets from the pool, they also receive a proportional share of all fees collected since the liquidity was first added. This mechanism is a part of the AMM pool protocol. The reward amount depends on the trading activity in the pool and is hard to predict. The rewards are in the tokens of the pool.
Cross-chain Farming V1
Attention Symbiosis protocol V1' liquidity providers:
Octopool and all our reward programs (veSIS on Ethereum/BNB chain, LP Farming) are integrated with the De.Fi Dashboard. The integration allows you to view all your assets deposited in Symbiosis with De.Fi.
How to check:
- 1.Just go to De.Fi, connect your wallet or enter the address you used to deposit assets to veSIS and/or to Symbiosis Octopool, and scroll down to the protocols section:
- 2.Click the protocol name to see details:
