QuiverX: Q & A for xEarn Yield Farming Protocol
Question: Why did you decide to push-back the launch of the QuiverX xEarn Yield Farm?
Answer: We received valuable feedback from the community concerning some of the details in our farming protocol.
In order to make the necessary changes we needed to create entirely new farming contracts.
Question: What is xEarn (XRN) and how is it different from QuiverX (QRX)?
Answer: The main difference between xEarn and QuiverX is, xEarn will be used as a governance token as well as provide additional incentives to xEarn holders.
QuiverX will be used as a store credit used to pay for listings, advertisements, and promotions as well as give holders early access to listings on the platform.
All holders of QuiverX will receive a portion of advertisement and listing earnings in relation to their investment position in QRX.
The creation of xEarn is beneficial to the QuiverX ecosystem because it offers QRX holders additional ways to earn and adds an emphasis on community engagement.
Question: How do I buy xEarn?
Answer: You will be able to buy xEarn on Uniswap after the farming launches on October 24, 2020 @ 6:00pm UTC. There is no presale of xEarn. All xEarn will be generated by xEarn farmers.
A Fair Farming method will be used to launch xEarn, which means there has been no early farming, and no early holders, there is no dev fund or team wallets.
One XRN was created to add the initial liquidity into the Uniswap liquidity pool.
Fair Farming ensures that all QRX holders have an equal opportunity to become a governing body of the QRX ecosystem once governing comes into effect and offers new investors a chance to take part in the process.
Question: How do you farm xEarn?
Answer: There are three ways to farm xEarn. The first will be to use QRX. Holders of QRX will enter their QRX tokens with an equal value of ETH into the QRX Uniswap liquidity pool where they will receive a QRX/ ETH LP token.
That LP token will then be used to deposit within the xEarn platform in its respective farming pool, and the xEarn protocol will immediately start generating rewards.
The second method will be to use xEarn. This can be done by either farming for xEarn or buying the token itself on Uniswap. Once the token in acquired, you will bring it to the xEarn liquidity pool on Uniswap and deposit equal values of xEarn and ETH. You will receive your xEarn/ ETH LP token, which will then be brought to the xEarn platform and deposited in the respective farming pool.
Again at this point the xEarn protocol will immediately start generating rewards.
You will be also able to deposit a quiverX/xEarn pair into Uniswap in order to receive LP tokens to generate rewards.
Lastly for those who are not holders of QRX or individuals looking for more security when farming, can farm xEarn using USDT or USDC by adding it directly to the pool using xEarn Yield Farming protocol.
Question: How are rewards for xEarn claimed?
Answer: Rewards are easily claimed simply by hitting the “claim rewards” button within the dApp. However, you may keep you LP tokens staked within the yield farming protocol to keep generating rewards. LP tokens can be unstaked at anytime.
Question: What is the APY for each farming pool?
Answer: There will be 20,000 XRN tokens in total, with a non-mintable function written into the contract. The farming period will be 20 weeks long and the 20k tokens are divided in a 6: 2: 1.5: .75: .75 reward ratio with a deflationary tokenomic protocol attached. This means that as the farming cycle progresses, the rewards will become less. The rewards will be distributed based on your percentage of liquidity provided and your position in the farming pool.
Farming will begin October 24, 2020 @ 6:00pm UTC. If you wish to participate please click on the link below: https://farm.xearn.capital/
▪️Tg Group: https://t.me/QuiverXCapital