M.E.A.L. Rewards
M.E.A.L. incentivized pools are paired token liquidity pools which give rewards and allow users to swap tokens.
Last updated
M.E.A.L. incentivized pools are paired token liquidity pools which give rewards and allow users to swap tokens.
Last updated
M.E.A.L. rewards pools (Multi Earning Assets Liquidity) are paired token pools which give one or more tokens as rewards.
They are not classic Liquidity Pools. M.E.A.L rewards incentivize Liquidity Providers by rewarding them with daily prizes.
Projects can add M.E.A.L rewards to their liquidity pools in the Projects Account section.
M.E.A.L. Pools example: text and numbers are intended as placeholders
Provide Liquidity for a token pair and earn the best rewards
Receive share of 0.1% reward from every Swap
💡 Both S.A.L.S.A. and M.E.A.L. rewards are transparent, pre-funded and automated. Rewards are distributed everyday at 9:00 UTC on the My Account Section. Users are able to withdraw rewards to send to their wallets.
Users can provide liquidity to gain M.E.A.L. rewards based on their pool share. It's worth noting that by providing the token pair, users contribute to the total liquidity of the specific pool.
Example: A user provide the liquidity of 1,000 WAX and 3,000 TLM in the WAX/TLM M.E.A.L, holding 20% share of the pool. This pool has a 100 TLM in rewards per day based on their pool share. The user is rewarded with 20 TLM per day. Furthermore, liquidity is added to the pool, allowing other users to swap WAX/TLM.
Users are able to withdraw their tokens anytime, with no added fees.
Rewards are distributed to the user's Account Balance every 24 hours.
All users will be able to claim their rewards and automatically send them to their WAX wallet.
The rewards for a given token pair are set up by the projects that want to be featured in the M.E.A.L. pools. They must indicate:
Amount of tokens to distribute daily
Total amount of the pool
Projects can change the pool parameters and send tokens to refill the pool anytime.
Based on this information, each M.E.A.L. rewarded pool will show also this information:
APR
Number of days until the pool rewards expire
Any project account can enable and set up rewards.
Once the distribution is enabled, the account is able to add and remove rewards as often as required, specifying the exact amount of the rewards for each drop.
This feature is only for projects, get to know more on the Projects Account section
Go to the projects dashboard https://swap.tacocrypto.io/settings/meal
Login with the account which own the token/s
Once logged in, users will be able to see the Liquidity Pools linked to their token/s. If they do not appear, there are two possibilities: 1) There are no existing Liquidity Pools with the tokens and the user will have to create one here https://swap.tacocrypto.io/liquidity 2) The account is not linked to the token/s
Choose one of the existing Liquidity Pools and click on Manage Rewards
Click on +Add Reward and select the total amount of tokens to be given as reward
Click on Manage, insert the daily amount of tokens to give as reward and Save. Now the M.E.A.L. rewards are live and visible. In this panel, users will also be able to deposit token/s again
Click on Manage to edit rewards anytime
Each Liquidity Pool can be associated with more than one M.E.A.L. reward. Multiple rewards can be set by project owners and representatives on their Projects Account dashboard.
During the first stages, only the token's contract owner is able to set up the reward.
Example: TLM/NEFTY Pool. Project owners at Alien Worlds (TLM) can set TLM or other of their tokens as rewards. But also NeftyBlocks (NEFTY) can set NEFTY or others of their tokens as rewards.
Every week, the top 3 pools S.A.L.S.A. pools are rewarded with a 100 TACO per day bonus for their connected M.E.A.L.
M.E.A.L. pools are a fantastic opportunity to advertise Web3 projects.
By distributing rewards in M.E.A.L. pools, projects allow more and more users to earn their tokens by staking and get to know their ecosystem.
M.E.A.L. pools are also the best way to stabilize tokens in addition to rewarding users.
