You may have thought it was impossible to earn two types of tokens in one pool. Now it is possible. LuaSwap in collaboration with TomoChain brings the first farming pool with dual prizes.
The first dual farming pool opened on November 8th. The duration of the pool is 6 months. The first pool that is eligible for farming is tDAO / TOMO (TomoChain network). Rewards are awarded in $LUA and $ tDAO.
The following tables show the maximum APY and the amount of the rewards. The first table is for $tDAO farming and the second for $LUA.
| APY Limit | Monthly Rewards Limit (tDAO) | |
| Month 1 | 1900% | 1,000,000 |
| Month 2 | 340% | 1,000,000 |
| Month 3-4 | 170% | 500,000 |
| Month 5-6 | 60% | 250,000 |
| APY Limit | Monthly Rewards Limit (LUA) | |
| Months 1-6 | No Limit | 100,000 |
Until the pool draws sufficient liquidity and the monthly rewards limit is reached, the highest APY of the month will be applied. Then, depending on the pool’s liquidity, the APY will decline over time.
About LuaSwap and TomoMasterDAO
LuaSwap is a multi-chain liquidity protocol. It uses the LUA token to offer a community-governed multichain protocol. LuaSwap allows you to buy tokens almost instantaneously on the TomoChain blockchain, with near-zero gas fees and no network congestion.
TomoMasterDAO is TomoChain’s model of governance for public-input grants. It allows the community to participate in the decision-making process. The mission of TomoMasterDAO’s is to provide funds for promising projects. $tDAO is the token supporting the DAO.
Second Dual Farming pool
On November 7, Tomochain announced another dual farming pool. The pool opened on November 8 and the duration is 6 months. The eligible pool is PIXEL/LUA (TomoChain network). Rewards are awarded in $LUA and $PIXEL. PixelVerse is a virtual world platform and toolkit that allows creators and communities to develop their own NFTs in a next-generation metaverse.
This pool has different APY and monthly rewards limits than the first pool, as you can see in following tables. The first table is for $PIXEL farming and the second for $LUA.
| APY Limit | Monthly Rewards Limit (PIXEL) | |
| Month 1-2 | 230% | 952,380 |
| Month 3-4 | 80% | 476,190 |
| Month 5-6 | 35% | 238,095 |
| APY Limit | Monthly Rewards Limit (LUA) | |
| Months 1-6 | 10% | 50,000 |
As with the first pool (tDAI / TOMO), the highest APY of the month will be applied when the pool draws sufficient liquidity and the monthly rewards limit is reached. Then, depending on the pool’s liquidity, the APY will decline over time.
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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by TomoChain. Copyright Altcoin Buzz Pte Ltd.
