MINt Conversion Routes, Boosted Yield Farming & More

  • Example 1, MINt conversion in the MIN/ADA Pair: you have 10,000 MINt you want to convert, and have provided 2,500 MIN and the equivalent ADA (let’s say e.g. 1 MIN = 0.20 ADA, so 500 ADA), thus obtaining MIN/ADA LP Tokens. The MINt conversion ratio is 4 MINt per every 1 MIN. Since you have 2,500 MIN and the equivalent MIN supplied in the form of ADA in the LP Tokens, you can convert all 10,000 MINt, as 2,500 MIN in the LP Token multiplied by 4 would equal 10,000 which is the amount of MINt you had.
  • Example 2, MINt conversion in a non-MIN/ADA Pair: you have 10,000 MINt you want to convert and 2000 MELD and the equivalent ADA in LP Tokens. Let’s say, hypothetically, 2 MELD = 1 MIN. This means, with 2000 MELD, there is an equivalent of 2000 / 2 = 1,000 MIN, which means you can convert 1000 * 4 MINt, meaning 4,000 MINt tokens.
Sneak Peek of the MINt to LP Token calculator
  • The MINt to MIN ratio: which will start being 4 MINt to 1 MIN, meaning for every 4 MINt, 1 MIN (and the equivalent ADA) needs to be Provided in Liquidity for conversion.
  • Given the price of MIN related to the other assets supported for MINt conversion will vary constantly, the MIN price related to the price of other tokens matters as well. Therefore, while the MINt to MIN ratio is constant, the ratios to convert in certain pairs vary constantly for conversion of MIN in non-MIN pairs. So, for converting MINt in non-MIN pairs, the rate used will be real-time, based on the price of MIN related to the price of the other assets at the time at which users start the MINt conversion.
  1. Locking LP Tokens for 45 days , will give a boost of 1.3x
  2. Locking LP Tokens for 90 days, will give a boost of 1.7x
  3. Locking LP Tokens for 135 days, will give a boost of 2x.
Overview of the 3 Routes for converting MINt
  1. You decide to withdraw/unstake the LP Tokens before the lock period ends (so, before the 45 days you selected have gone by). Then, you will receive back your LP Tokens and the MINt (and the MINt conversion will not happen). You will also receive unboosted (normal) MIN rewards for having staked LP Tokens in a Farm during that time that you did.
  2. You leave your LP Tokens and MINt in the MINt Staking Contract for 45 days as you established when picking Route 1. Then, after the 45 day period has gone by, you can withdraw/unstake your LP Tokens and the boosted MIN rewards for Yield Farming. As the boost is 1.3x, this means you will receive 30% more MIN than anyone staking LP Tokens in that Farm during the same period (45 days) who was not converting MINt. After the 45 days, the MINt deposited in the contract gets burnt, and the same amount of MIN as the MINt that was deposited is minted, and vests for an additional 45 days.
  1. You decide to withdraw/unstake the LP Tokens and MINt before 45 days. Then, as in the previous example, you will receive your LP Tokens and the MINt back (the conversion will not happen) as well as the unboosted MIN rewards.
  2. You decide to withdraw/unstake the LP Tokens after 45 days, but before the 90 days you selected. Then, you will receive your LP Tokens and the unboosted MIN. However, the MINt conversion will still take place, and the MIN tokens converting from MINt tokens will start vesting for another 45 days.
  3. You leave your LP Tokens in the MINt Staking Contract for 90 days as you established when picking Route 2. Then, after the 90 day period has gone by, you can withdraw/unstake your LP Tokens and the boosted MIN rewards for Yield Farming. As the boost is 1.7x, this means you will receive 70% more MIN than anyone staking LP Tokens in that Farm during the same period who was not converting MINt. As in the previous case, the MINt conversion will start after day 45 and the MIN will start vesting linearly for another 45 days, which means after 90 days you can withdraw your fully vested MIN from MINt conversion, the LP Tokens, and the boosted MIN.
  1. You decide to withdraw/unstake the LP Tokens and the MINt before 45 days. Then, as in the previous 2 cases, you will receive your LP Tokens and the MINt back (the conversion will not happen) as well as the unboosted MIN rewards.
  2. You decide to withdraw/unstake the LP Tokens and the MINt after 45 days, but before the 135 days you selected. Then, you will receive your LP Tokens and the unboosted MIN from Farming. However, the MINt conversion will start taking place, and the MIN tokens converting from MINt tokens will start vesting for another 45 days.
  3. You leave your LP Tokens and the MINt in the MINt Staking Contract for 135 days, as you established when picking Route 3. Then, after the 135 day period has gone by, you can withdraw/unstake your LP Tokens and the boosted MIN rewards for Yield Farming. As the boost is 2x, this means you will receive 100% more MIN than anyone staking LP Tokens in that Farm who was not converting MIN during the same period. As in the previous cases, the MINt conversion will start after day 45 and the MIN will start vesting linearly for another 45 days. This means, on day 90 after entering the MINt conversion (and 45 days before your lock period is over), you can claim the fully vested MIN from MINt conversion.
  • MIN-ADA Pair: 1.75x for 45 days lock, 2.1x for 90 days lock, 2.5x for 135 days lock.
  • Tiger Farms (PAVIA/ADA, LQ/ADA, MELD/ADA, WMT/ADA, DANA/ADA): 1.35x for 45 days lock, 1.5x for 90 days lock, 1.75x for 135 days lock.
  • Any other Pairs with a MIN Farm: 1,15x for 45 days lock, 1.35x for 90 days lock, 1.5x for 135 days lock.
Boosts per Farm and per Lock Period
  • On Day 1, you deposit 10,000 MINt and the 1,000,000 MIN/ADA LP Tokens (representing 2,500 MIN and 500 ADA) in the MINt Staking Contract. From that moment on, the 1,000,000 MIN/ADA LP Tokens will start earning boosted MIN rewards, of 2.1x meaning 110% more APR than the base APR, and this MIN can only be harvested at the end of the lock period.
  • On Day 45, the 10,000 MINt you deposited will start vesting linearly through the next 45 days. Please stay tuned for more information regarding how you will be able to claim the vesting MIN.
  • On Day 90, you can unstake the 1,000,000 LP Tokens, receiving the boosted MIN rewards, and claim the fully vested MIN that converted 1:1 from MINt. If you decide to keep the LP Tokens staked after the boost is over, they will earn normal MIN rewards.
  • On Day 1, as you deposit the 10,000 MINt and the UI will take 5,000,000 MELD/ADA LP Tokens, the MINt and 5,000,000 of the LP Tokens go to the MINt Staking Contract (as we explained above, the 10,000 MINt can boost 5,000,000 MELD/ADA LP Tokens). The rest of the LP Tokens will stay in your wallet.
  • On Day 45, the 10,000 MINt you deposited will start vesting linearly through the next 45 days.
  • On Day 90, you can claim the fully vested MIN that converted 1:1 from MINt.
  • On Day 135, you can unstake/unlock the 5,000,000 LP Tokens, receiving the boosted MIN rewards.

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