?IRISgardians,
The first quarter of 2022 has almost passed, and with all the technical and community achievements, we have entered the fast lane heading toward the vision of a more secure, scalable, and open Internet of Blockchains (IOB).
On February 22nd, as part of the new year’s operation plan, we will implement a couple of parameter changes for Coinswap, the front-end of the AMM protocol developed by IRISnet, to balance the liquidity among different farming pools.
Rewards per block of the BNB-IRIS, BUSD-IRIS, and ATOM-IRIS farming pools in Coinswap will be changed to 0.15 IRIS, 0.05 IRIS, 0.25 IRIS respectively (APYs would be approximately 22%, 5%, and 76% based on the real-time on-chain data).Reward tokens earned from the ATOM-IRIS pool will be changed from ATOM to IRIS. The current ATOM-IRIS pool will become “inactive”, and will generate no rewards. To get rewards, users will need to migrate LP tokens to the new “active” ATOM-IRIS pool.
In 2022, rewards for pools will be governed by the IRISnet community, and more trading pairs and liquidity farming pools will soon be added in Coinswap. Please join our community and stay updated!