Claiming LP Points for the Traverse Leaderboard is Now Live!
Campaigns
2023-07-27

GM Community,

We are pleased to announce that you can now claim your LP points for the Traverse Galxe campaign! Providing liquidity to eligible pairs throughout the different Traverse Islands earns you points towards the PancakeSwap Galxe leaderboard and the exclusive Treasure Hunters NFT. Note that you must have provided liquidity to the relevant eligible pairs for a minimum of two weeks in order to claim the LP points on the Galxe dashboard.

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In this guide, we walk you through all of the various LP points scenarios and how it all works!

How the LP Eligibility Rules and Calculations Work:

1. Eligibility and Countdown: To be eligible for LP points, we track the deposit and withdrawal times for the liquidity provided to each eligible LP pair. The countdown starts with each deposit and points are available to claim after passing the 2 week mark.

2. Claiming Points: Once the deposit time for a certain amount passes the 2-week mark, you can claim points. For every $1 USD equivalent provided, you earn 1 LP point.

3. Meeting Requirements: If you withdraw any amount before the 2-week mark, the corresponding amount won't be eligible for points. However, if any amount remains in the pair for more than 2 weeks, that portion is claimable for points.

4. LP API Frequency: The LP API fetches data every five minutes and calculates every seven minutes, ensuring accurate tracking down to the millisecond.

5. One-Time Claim: Users can only claim points once for each deposit, provided they meet the minimum two weeks requirement.

Let's illustrate various cases covering all possible LP scenarios, using Polygon zkEVM Island as the example below:

Depositing to 1 Eligible Pair

Case 1:

  1. User deposits 1000 USD equivalent of LP to USDC/ETH on July 1st, 13:00 UTC.
  2. User withdraws the full amount on July 14th, 13:01 UTC (more than 2 weeks).

Result: The user can claim 1000 LP points starting at July 14th, 13:01, when they passed the 2-week minimum time for that deposit.

Case 2:

  1. User deposits 1000 USD equivalent of LP to USDC/ETH on July 1st, 13:00 UTC.
  2. User withdraws the full amount on July 13th, 12:59 UTC (less than 2 weeks).

Result: The user cannot claim any LP points as the 2-week minimum time wasn't met.

Case 3:

  1. User deposits 1000 USD equivalent of LP to WBTC/ETH on July 1st, 13:00 UTC.
  2. User deposits 2000 USD equivalent of LP to WBTC/ETH on July 2nd, 13:00 UTC.
  3. User deposits 3000 USD equivalent of LP to WBTC/ETH on July 3rd, 13:00 UTC.
  4. User withdraws the full amount on July 16th, 12:59 UTC.

Result: The user will have 1000 LP points available to claim starting at July 14th 13:01 UTC, and another 2000 LP points available to claim starting at July 15th 13:01 UTC, as the first two deposits passed the 2 week time duration. Points become available to claim as soon as they pass the 2 week time duration.

Since the third deposit on July 3rd did not meet the 2 week minimum requirement (deposited July 3rd 13:00 and withdrawn July 16th 12:59, misses the 2 week minimum by 1 minute), they cannot claim any points for this.

In sum, they are able to claim 3000 points total for the first two deposits.

Depositing to Multiple Eligible Pairs

Case 4:

  1. User deposits 1000 USD equivalent of LP to USDC/ETH on July 1st, 13:00 UTC.
  2. User withdraws the full amount on July 14th, 13:01 UTC (more than 2 weeks).
  3. User deposits 1000 USD equivalent of LP to WBTC/ETH on July 1st, 13:00 UTC.
  4. User withdraws the full amount on July 14th, 12:59 UTC (less than 2 weeks).

Result: The user can claim 1000 LP points only for the USDC/ETH pair.

Case 5:

  1. User deposits 1000 USD equivalent of LP to USDC/ETH on July 1st, 13:00 UTC.
  2. User withdraws the full amount on July 14th, 12:59 UTC (less than 2 weeks).
  3. User deposits 1000 USD equivalent of LP to WBTC/ETH on July 1st, 13:00 UTC.
  4. User withdraws the full amount on July 14th, 12:59 UTC (less than 2 weeks).

Result: The user cannot claim any points as neither LPs met the 2-week minimum requirement.

Case 6:

  1. User deposits 1000 USD equivalent of LP to USDC/ETH on July 1st, 13:00 UTC.
  2. User withdraws the full amount on July 20th, 13:01 UTC (more than 2 weeks).
  3. User deposits 1000 USD equivalent of LP to WBTC/ETH on July 2nd, 13:00 UTC.
  4. User withdraws the full amount on August 2nd, 13:01 UTC (more than 2 weeks).

Result: The user can claim 1000 LP points for the USDC/ETH pair starting on July 14th, 13:01 UTC. The user can claim 1000 LP points for the WBTC/ETH pair starting on July 15th, 13:01 UTC. In sum, the user can claim 2000 LP points in this case.

Multiple Deposits and Withdrawals and in Partial Amounts

Case 7:

  1. User deposits 1000 USD equivalent of LP to USDC/ETH on July 1st, 13:00 UTC.
  2. User withdraws 500 USD equivalent of LP from USDC/ETH on July 7th, 13:00 UTC.
  3. User deposits 100 USD equivalent of LP to USDC/ETH on July 10th, 13:00 UTC.
  4. User withdraws 600 USD equivalent of LP from USDC/ETH on July 14th, 13:01 UTC.

Result: The user can claim 500 LP points, as they held or provided 500 USD equivalent of LP to USDC/ETH from July 1st, 13:00 UTC, to July 14th, 13:01 UTC (more than 2 weeks). In other words, of the 1100 USD equivalent deposited, only 500 USD equivalent was held for at least 2 weeks, while 600 USD equivalent was withdrawn before 2 weeks.

Case 8:

  1. User deposits 1000 USD equivalent of LP to USDC/ETH on July 1st, 13:00 UTC.
  2. User withdraws 500 USD equivalent of LP from USDC/ETH on July 7th, 13:00 UTC.
  3. User deposits 1000 USD equivalent of LP to WBTC/ETH on July 10th, 13:00 UTC.
  4. User withdraws 600 USD equivalent of LP from WBTC/ETH on July 14th, 13:01 UTC.

Result: The user can claim 500 points for the USDC/ETH pair starting on July 14th, 13:01 UTC. And the user can claim 400 points for the WBTC/ETH pair starting on July 27th, 13:01 UTC.

Reminder on the Eligibility Rules of Traverse’s Polygon zkEVM Liquidity Provisioning Task:

  1. Provide liquidity to any of the eligible pairs on Polygon zkEVM PancakeSwap v3 for a minimum of 2 weeks to be able to claim points, where 1 point is awarded for every $USD equivalent provided.
  2. The active dates for the Polygon zkEVM PancakeSwap campaign are June 29th 13:00 UTC to September 17th 13:00 UTC.

Reminder on the Eligibility Rules of Traverse’s zkSync Era Liquidity Provisioning Task:

  1. Provide liquidity to any of the eligible pairs and fee tiers on zkSync Era PancakeSwap v3 for a minimum of 2 weeks to be able to claim points, where 1 point is awarded for every $USD equivalent provided.
  2. The active dates for the zksSync Era PancakeSwap campaign are July 27th 13:00 UTC to September 14th 13:00 UTC.

Reminder on the Eligibility Rules of Traverse’s Arbitrum Liquidity Provisioning Task:

  1. Provide liquidity to any of the eligible pairs and fee tiers on Arbitrum PancakeSwap v3 for a minimum of 2 weeks to be able to claim points, where 1 point is awarded for every $USD equivalent provided.
  2. The active dates for the Arbitrum PancakeSwap campaign are August 10th 13:00 UTC to September 28th 13:00 UTC

Reminder on the Eligibility Rules of Traverse’s Linea Liquidity Provisioning Task:

  1. Provide liquidity to any of the eligible pairs and fee tiers on Linea PancakeSwap v3 for a minimum of 2 weeks to be able to claim points, where 1 point is awarded for every $USD equivalent provided.
  2. The active dates for the Linea PancakeSwap campaign are August 24th 13:00 UTC to October 12th 13:00 UTC.

Reminder on the Eligibility Rules of Traverse’s Base Liquidity Provisioning Task:

  1. Provide liquidity to any of the eligible pairs and fee tiers on Base PancakeSwap v3 for a minimum of 2 weeks to be able to claim points, where 1 point is awarded for every $USD equivalent provided.
  2. The active dates for the Base PancakeSwap campaign are August 31st 13:00 UTC to October 19th 13:00 UTC.

Reminder on the Eligibility Rules of Traverse’s opBNB Liquidity Provisioning Task:

  1. Provide liquidity to any of the eligible pairs and fee tiers on opBNB PancakeSwap v3 for a minimum of 2 weeks to be able to claim points, where 1 point is awarded for every $USD equivalent provided.
  2. The active dates for the opBNB PancakeSwap campaign are September 28th 13:00 UTC to November 16th 13:00 UTC.

Hurry and stack up those LP points!

Stack’em,

The Chefs

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