Community-centric crypto platform, HI, has announced very attractive rewards for its new liquidity pool. It claims to be the world’s “most generous” liquidity provision pool.
HI Launches GIGA Pool late last week, and already it is proving to be a winner for staking returns. 200 Million HI tokens were allocated to liquidity providers on February 25th. Therefore, in this article, you will discover more about this interesting liquidity pool from HI.
HI has Launched a $200 Million Liquidity Pool
According to the announcement, users are eligible if they add liquidity to the HI/BUSD liquidity pool on PancakeSwap. Also, if they do it in the HI/USDC pair on Uniswap v2. Then, they must take their LP pair tokens and stake them in the GIGA pool.
🆕GIGA Pool is here!
🚀200M HI in Rewards for Liquidity Providers on PancakeSwap or UniSwap v2
🪙HI/BUSD or HI/USDC pair
⛳24-month programThe earlier you join the higher the APY!🔥
Read more on how to provide liquidity and dive in now!👇https://t.co/rOLuA9vB7s
— hi (@hi_com_official) February 25, 2022
In addition, the new pool has the following requirements and features:
- 200 million of $HI tokens in rewards split between the BSC and ETH DEXs.
- One year deposit lockup on LP tokens.
- Rewards payout starts 365 days after the staking date.
- The GIGA Pool incentive will run for two years.
1,873% APY in Returns with The GIGA Pool For HI
At the time of writing this article, the GIGA Pool provide 9,760% APY in the HI/USDC LP on UniSwap V2 and 1,873% APY in the HI/BUSD on PancakeSwap. Also, the MEGA pool offers 179% APY in the HI/BUSD LP with 10 million HI tokens in rewards. Moreover, the MEGA pool has a six-month deposit lockup period, and a reward payout 6 months after staking date.
In addition, rewards are based on the percent share of the liquidity pool and the number of LP tokens staked at any time. Additionally, the APY fluctuates depending on the number of participants and LP tokens in the pool.
would you look at that APY?! 💥
🌊 dive right in at https://t.co/zP6umA46R3 pic.twitter.com/6T7sISgI0n
— hi (@hi_com_official) February 28, 2022
HI Dollar Price Outlook
The $HI Dollar is not actually a dollar-pegged stablecoin, as its name suggests. As a result, prices fluctuate depending on supply and demand.
At the time of writing this article, the HI Dollar token were trading at $0.222 with $1.9 million moved over the past 24 hours. The asset has gained 8% over the past week. However, the platform has been hit hard in the crypto downturn. The token is currently down 86% from its December 8 all-time high of $1.57.
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