TL;DR
- Yield Guild Games (YGG) will distribute 3.6 million YGG tokens to liquidity providers in the YGG-RON liquidity pool on the Ronin DEX, Katana, starting February 12, 2025.
- The distribution will span 180 days, with 20,000 YGG tokens allocated daily to participants based on their share of the liquidity pool.
- YGG aims to enhance community engagement and reward active participants, emphasizing the importance of community in their operations.
Yield Guild Games (YGG), a prominent web3 gaming guild, has announced the distribution of 3.6 million YGG tokens to liquidity providers participating in the YGG-RON liquidity pool on the Ronin decentralized exchange (DEX), Katana. This initiative, set to commence on February 12, 2025, aims to reward YGG token holders who contribute to the liquidity pool, enhancing the overall utility and engagement within the YGG ecosystem.
Details of the Distribution
Starting February 12, YGG will allocate 20,000 YGG tokens daily to participants in the YGG-RON liquidity pool on Katana. The distribution will span 180 days, totaling 3.6 million YGG tokens.
Liquidity providers will receive rewards based on their share of the liquidity pool, with larger contributions yielding greater rewards. This program is designed to incentivize community members to provide liquidity, thereby supporting the stability and functionality of the Ronin network.
Enhancing Community Engagement
YGG co-founder Gabby Dizon emphasized the importance of community in the guild’s operations. “Community is at the core of everything we do at YGG,” Dizon stated. “This is why we’ve worked hard to provide our community with the best opportunities in Web3 gaming. Now, everyone who’s been doing their GAP quests can use their YGG tokens for more rewards through our LP rewards program on Ronin. This will give our most active players a way to get more utility out of their YGG tokens while helping out the rest of the community in the process.”
Participation and Rewards
To participate in the YGG-RON liquidity pool, users must connect their Ronin Wallet to Katana and add liquidity to the pool. The process involves depositing equal US dollar values of YGG and RON tokens into the pool. Once liquidity is added, participants can stake their LP tokens to start earning rewards. The daily distribution of 20,000 YGG tokens will be divided among liquidity providers based on their contribution to the pool.
