Yield Guild Games (YGG) has declared that it will distribute 3.6 million YGG tokens to its liquidity providers on the Ronin decentralized exchange (DEX) Katana.
Set to launch on February 12, 2025, it is designed to boost community involvement and reward those actively contributing to the YGG-RON liquidity pool.
The initiative will unfold over 180 days, with a daily distribution of 20,000 YGG tokens. These tokens will be awarded proportionally to liquidity providers based on their percentage contribution to the pool.
How to Participate
Interested parties can engage by connecting their Ronin Wallet to the Katana DEX and adding liquidity to the YGG-RON pool. This involves depositing an equivalent value of YGG and RON tokens. After adding liquidity, users must stake their liquidity provider (LP) tokens to begin accruing rewards.
The reward distribution is set to ensure active players and supporters of the YGG ecosystem can derive more utility from their holdings while bolstering the network.