BITPIF Liquidity Mining Round. Earn BPF in Liquidity Mining Rewards!

BITPIF
2 min readApr 10, 2022
BITPIF Liquidity Mining / Yield Farming

BITPIF Liquidity Mining Round launched 10.04.2022 for 90 days. As part of the round, Liquidity Providers (“UNI-V2 LP”) receive 40,000,000 BPF.

The following pools will participate in the new liquidity mining round:

BITPIF requires deep liquidity pools. Excellent liquidity means that community members can enter larger BPF positions with much smaller slippage. Liquidity mining is useful for distributing BPF to the community, further decentralizing.

BPF is distributed to users who provide liquidity This aligns future ownership with valuable users. The incentivized pools will remain among the most liquid decentralized exchange (DEX) trading venues, leading to competitive prices.

How it works:

To stake and start earning BPF liquidity rewards:

  1. Swap BPF on BITPIF
  2. You must first provide liquidity to the pool
  3. For providing liquidity you will receive UNI-V2 tokens, which represent the tokens you have contributed to the pool. Merely providing liquidity will NOT earn you BPF rewards, you must complete the next step to earn BPF rewards.
  4. Visit BPF with the UNI-V2 tokens from the previous step in your address, and enter the amount of UNI-V2 tokens you want to stake and earn BPF rewards.

Distribution rules:

1. BPF will be distributed based on each address’ percentage of the total UNI-V2 staked in the rewards contract.

2. The amount of BPF rewards paid out are proportional to the balance of each address and time staked.

3. Payouts will be made automatically

4. Payouts will need to be claimed manually from BPF

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