Liquidity Mining
Provide liquidity and earn incentives
Program Details
$COVE will be distributed to users who stake:
- $coveYFI
- Cove Boosties LP tokens
- coveYFI/YFI Curve LP tokens (in future epochs)
8% of the token supply is planned to be distributed during the first year of liquidity mining (season 1). Epochs will have different objectives and emissions.
Season 1
Epoch 0
Epoch 0 will be three weeks long and is focused on bootstrapping the protocol’s $coveYFI supply. Epoch 0 will begin around Friday April 12th at 11 PM EST (April 13th 4 AM UTC) and the emissions are as follows:
| Target | Emissions (3 weeks) |
|---|---|
| $coveYFI | 3,500,000 $COVE |
| Cove Boosties LP tokens | 1,000,000 $COVE total |
Epoch 1
Epoch 1 will be one month long and is focused on bootstrapping the protocol’s $coveYFI supply and new V3 vault TVL. Epoch 1 will begin around Saturday May 4th at 12 PM EST and the emissions are as follows:
| Target | Emissions (1 month) |
|---|---|
| $coveYFI | 3,500,000 $COVE |
| Cove Boosties V2 LP tokens | 750,000 $COVE total |
| Cove Boosties V3 LP tokens | 750,000 $COVE total |
Epoch 2
Epoch 2 will be one month long and continues to focus on bootstrapping the protocol’s $coveYFI supply and new V3 vault TVL. Epoch 2 will begin around Thursday June 6th at 12 PM EST and the emissions are as follows:
| Target | Emissions (1 month) |
|---|---|
| $coveYFI | 2,800,000 $COVE |
| Cove Boosties V2 LP tokens | 600,000 $COVE total |
| Cove Boosties V3 LP tokens | 600,000 $COVE total |
Epoch 3
Epoch 3 will be one month long and is focused on growing the new coveYFI/YFI Cove vault. Epoch 3 will begin around Tuesday July 23rd at 4 PM EST and the emissions are as follows:
| Target | Emissions (1 month) |
|---|---|
| $coveYFI | 1,600,000 $COVE |
| LP Yearn PRISMA (v2) | 100,000 $COVE |
| WETH (v3) | 100,000 $COVE |
| LP Yearn CRV (v2) | 100,000 $COVE |
| Curve dYFIETH-f (v2) | 100,000 $COVE |
| Curve YFI-ETH (v2) | 150,000 $COVE |
| Curve yEth (v2) | 150,000 $COVE |
| USDC (v3) | 500,000 $COVE |
| DAI (v3) | 600,000 $COVE |
| coveYFI/YFI | 600,000 $COVE |
Epoch 4
Epoch 4 will be one month long and is focused on growing the 3 newly launched Cove vaults (DAI-2, crvUSD-2, WETH-2). Epoch 4 will begin around Tuesday August 24th at 4 PM EST and the emissions are as follows:
| Target | Emissions (1 month) |
|---|---|
| $coveYFI | 850,000 $COVE |
| LP Yearn PRISMA (v2) | 50,000 $COVE |
| WETH (v3) | 100,000 $COVE |
| LP Yearn CRV (v2) | 350,000 $COVE |
| Curve dYFIETH-f (v2) | 100,000 $COVE |
| Curve YFI-ETH (v2) | 150,000 $COVE |
| Curve yEth (v2) | 150,000 $COVE |
| USDC (v3) | 550,000 $COVE |
| DAI (v3) | 400,000 $COVE |
| coveYFI/YFI | 200,000 $COVE |
| DAI-2 | 200,000 $COVE |
| crvUSD-2 | 200,000 $COVE |
| WETH-2 | 200,000 $COVE |