NOAH Mining Tutorials
https://noahark.io
NOAH provides 3 ways for governance : staking, voting, and incentive. At the same time, Noah will release esNOAH tokens as liquidity mining rewards; after unlocking esNOAH, you will get the corresponding number of NOAH tokens.
Staking: users can stake NOAH tokens to obtain veNOAH and esNOAH unlocking quota.; users who stake NOAH will receive 0.08% of the transaction volume from the related liquidity pool based on their voting proportion.
Voting: users holding NOAH tokens can vote and select the liquidity distribution ratio in each epoch to obtain a larger proportion of esNOAH mining rewards in the next epoch;
Incentive: users can attract (incentives) other users to vote for your pool by providing additional incentives to the liquidity pool, so that the liquidity pool can obtain more esNOAH releases in the next epoch.
For more tutorials on how to configure the EOS EVM network, deposit and withdraw tokens, etc.,:
About the NOAH tokenomics:
NoahSwap uses two tokens (NOAH&esNOAH) and one equity factor (veNOAH) for governance:
· NOAH (ERC-20) is a utility token of the platform, which can obtain a series of bonus rights and governance rights through staking;
· esNOAH is a special ERC-20 token that needs to be unlocked to become NOAH;
· veNOAH is the equity coefficient of staked NOAH.
For more details please check:
1. How to add liquidity
Select the liquidity pool you want to join for market making and obtain the corresponding LP. The LP can be used for farm;
Go to: https://noahark.io/liquidity/
Tutorial:
2. Farm
Go to: https://noahark.io/farms/
If users want to obtain esNOAH mining rewards, they need to stake the lp certificate of the corresponding liquidity pool.
*If you only add liquidity and do not join farms, you only earn a fixed 0.2% transaction volume according to your market making ratio. There is no esNOAH mining reward.
*In the same pool, if the same amount of LP is staked, accounts with NOAH staking can obtain up to 2 times the rewards.
(there are some requirements for liquidity pool to join the farm. For project teams who are interested, please DM NOAH officials for details)
3. How to stake
(1) Go to: https://noahark.io/pledge/
(2) Enter the amount you want to stake and select the expiration time (the minimum is 2 weeks and the maximum is 3 years).
(3) To increase the staking, you can choose to increase the quantity or extend the staking time.
For example: stake 100NOAH for the first time, and choose two weeks as the expiration time. If you want to increase your staking at this time,
Option 1: You can choose to only increase the quantity without selecting a time, and click OK. Your staking details are: 200NOAH, and the expiration time is 2 weeks.
Option 2: Do not increase the quantity, just select the time to be extended, such as 3 years, and click OK. Your staking details are 100NOAH and the expiration time is 3 years.
Note:
(1)Since the maximum expiration time of the staking is 3 years, when the user selects an expiration time of 3 years for staking in a certain era, if he wants to increase his staking in that epoch, he can only choose to increase the amount and cannot extend the expiration time until next epoch.
(2) There will only be one staking record for the same account, for example:
User A staked 100 NOAH and chose the expiration time as 2 weeks, then 100 NOAH will be unlocked at once after two weeks.
User B staked 100 NOAH and chose an expiration time of two weeks. He staked an additional 100NOAH one week before the expiration time and kept the expiration time unchanged. Then 200 NOAH will be unlocked at once one week later.
User C staked 100 NOAH and chose an expiration time of 2 weeks. Before the expiration of the 100 NOAH, he staked an additional 100 NOAH and extended the expiration time to 3 years. Then, 200 NOAH will be unlocked at once after 3 years.
(3)After expiration, any NOAH that is not withdrawn will also receive staking rewards. Please withdraw your NOAH tokens promptly within one week after the stake expires. The stake rewards generated during this week will still belong to you. One week after expiration, other users can help you retrieve the expired NOAH tokens to your account through contract operations, and depending on the length of the extension, they will receive part of your staked NOAH tokens as a reward for helping you retrieve them.
4. How to vote
(1) Go to: https://noahark.io/vote/
(2) Staking NOAH will obtain votes. You can choose one or more liquidity pools to allocate your votes. Voting in each epoch requires all votes currently held. In the same epoch, the vote ratio cannot be changed after confirmation. If the staking is increased, the number of voted votes will increase simultaneously.
(3) The voting ratio can be changed once per epoch. If it is not changed, the existing voting ratio will be maintained without the need to re-vote.
5. How to incentive
The incentive is to provide more incentives to the selected liquidity pool in the next epoch, so that it can attract more users to vote for more esNOAH incentive shares next week.
(1) Go to: https://noahark.io/incentive/
(2) Select the liquidity pool you want to incentive and the incentive token you want to add, enter the token amount, and click OK.
6. Reward collection
(1) You can get esNOAH mining rewards by staking lp certificates. If there is third-party mining activity, you can also get third-party mining token rewards. The EOS tokens in the picture below are: third-party mining token rewards injected for testing third-party mining.
(2) Staking NOAH can obtain esNOAH token staking rewards. The staking rewards of the current epoch will be settled uniformly after the end of the epoch, and users can receive them after settlement.
(3) To obtain esNOAH mining rewards by staking lp certificates and NOAH tokens, you need to initiate an unlocking to unlock into NOAH at a 1:1 ratio.
Last updated
