Roseon is excited to announce the launch of its Genesis Liquidity Pool (“LP”) which will start on April 18, 2023. After a successful IDO and a token migration from Binance Smart Chain to Arbitrum, Roseon Exchange is offering a unique opportunity for crypto investors to participate in a limited-time event and earn high rewards, the Genesis Liquidity Pools. The Liquidity Pools require the participants to provide liquidity by depositing USDC to earn rewards in ROSX, these rewards are vested for six months. The campaign will run over a course of 4 weeks, with each week offering a new pool.
Genesis LP Overview
- Deposit: USDC
- Rewards: ROSX, vested for 6 months
- Number of Pools: 4 pools, each week per pool
Genesis LP Schedule
(Updated on April 11th at 11 AM UTC)
Example: You deposit $1000 USDC into the Virginia Rose Pool, the system mints 1000 ROLP, your rewards will be 3000 $ROSX based on a reward rate of 3.
Calculation: $1000*3 = 3000 ROSX
It’s important to note that if any pool is not filled after seven days, we will close the unfilled pool and proceed with opening the next pool based on the schedule above.
Rewards Redemption
The redemption of ROLP for USDC will be disabled during pre-launch. Genesis ROLP holders can redeem ROLP at any time post-launch. Furthermore, investors must note that the vesting period for the Genesis Liquidity Pools Reward is six months. There will be a snapshot of ROLP balance every month to determine the ROSX airdrop.
(Table 1)
(Table 2)
Overall, the Roseon Exchange Genesis Liquidity Pools are a unique and exciting opportunity for investors to earn high rewards by investing in various pools. With the customized pools, investors can select the pool that suits their investment budget and risk appetite. With limited-time pools, investors must act fast to grab the opportunity and participate in the Genesis LP event. Join us on April 20th and get ready to experience a new level of investment opportunities with Roseon Exchange.
Roseon Genesis LP access:
- NFT holders and VIP users: 48 hours early access – Start from April 18th 9AM UTC
- WL users: 24 hours early access – Start from April 19th 9AM UTC.
- Public Genesis LP – April 20th 9AM UTC
Genesis Pool FAQ
How long will the USDC provided for Genesis LP be locked for?
USDC provided in Genesis LP will be recorded for approximately 6 months. Exact start dates will be provided soon.
If you withdraw a portion of your USDC during 6-month reward distribution period of Genesis pools, your ROSX reward decreases proportionally to the amount originally committed (as an example in Table 2)
If you withdraw ALL of your USDC (remove liquidity) during 6-month reward distribution period of Genesis pools, you will forfeit ALL of your REMAINING ROSX rewards.
ROSX rewards are vested monthly for 6 months.
Snapshot will be taken monthly.