Home > Kyber Content Hub > Avalanche Rush Phase 3 kicks off with $2 Million in rewards as KyberSwap celebrates 1 year partnership with Avalanche Foundation!

Avalanche Rush Phase 3 kicks off with $2 Million in rewards as KyberSwap celebrates 1 year partnership with Avalanche Foundation!

Avalanche Rush Phase 3 begins on KyberSwap Elastic with over $2,000,000 in total rewards!

KyberSwap Avalanche Rush Phase 3

Exactly 1 year ago, KyberSwap began a fruitful partnership with Avalanche; starting with a US$5.8 million liquidity mining campaign as part of our Avalanche Rush program. Since then, this partnership has helped bring over $61 million in TVL and more than $10 billion in Total Trading Volume for KyberSwap!

In keeping with our pledge, KyberSwap is continuing to provide Avalanche bulls with incentives and better earnings for liquidity providers who deposit and stake their liquidity positions on KyberSwap Elastic!

Commencing on 26th Sept, KyberSwap is hosting Phase 3 of Avalanche Rush, with 17 farms bringing YOU up to $2 MILLION in reward incentives! The first stage of Phase 3 is set to bring liquidity providers over $250,000 in KNC and AVAX liquidity mining rewards, with more incentives to come in the next phases!

What is Avalanche?

Avalanche is an open, programmable smart contracts platform with high throughput and near-instant transaction finality. Its high performance has led Avalanche to become a popular, rapidly growing venue for DeFi Dapps and NFTs. KyberSwap will continue to play a vital role in providing critical liquidity infrastructure for the thriving DeFi ecosystem on Avalanche.

“Enhancing liquidity opportunities is a key factor in growing the DeFi ecosystem and welcoming new participants into the community. We support Kyber’s vision to deliver a sustainable liquidity infrastructure and welcome their protocol to establish a more valuable ecosystem on Avalanche.” — Emin Gün Sirer, Director at the Avalanche Foundation.

Why Farm on KyberSwap Elastic?

KyberSwap Elastic pools offer the world’s 1st farming mechanisms that accommodate concentrated liquidity to make sure the amount of rewards LPs receive is correspondent to the amount of risks they choose to take by setting the price range.

Coupled with JIT (Just in Time) protection and auto-compoundability, KyberSwap Elastic makes it fair, safe and extremely rewarding for LPs to participate.

Learn more about KyberSwap Elastic here.

Important Details: Eligible Pools (Fee Tier):

KyberSwap Avalanche Rush Phase 3 Farms

  • USDC-USDT (0.01%) *KNC rewards only
  • AVAX-USDC.e (0.04%)
  • AVAX-USDC.e (1%)
  • AVAX-USDC (0.04%)
  • AVAX-USDC (1%)
  • AVAX-WETH.e (0.04%)
  • AVAX-WBTC (0.04%)
  • AVAX-DAI.e (0.3%)
  • WETH.e-USDC (0.04%)
  • AVAX-MIM (0.3%)
  • KNC-WETH.e (0.3%)
  • KNC-AAVE (0.3%)
  • KNC-LINK (1%)
  • KNC-MAI (1%)
  • MAI-USDC (0.04%)
  • SAVAX-USDT (1%)
  • USDC-USDC.e (0.01%) *AVAX rewards only

*Full list of eligible pools for Yield Farming on Avalanche can be viewed here.

**Eligible pools for yield farming will be marked with a money bag icon.

KyberSwap: Benefits for Avalanche Ecosystem

1. For Traders

  • Best swap rates for KNC, USDC, USDT, AVAX, USDC.e, WETH.e, MIM, AAVE, LINK, MAI, sAVAX tokens through DEX aggregation, while letting users identify other tokens even before they trend/moon via on-chain metrics

2. For Liquidity Providers

  • Concentrated liquidity for any token pair, stables and non-stables
  • Auto-compounded LP (liquidity provider) fees
  • Bonus liquidity incentives through yield farming
  • Sniping/Just-in-time attack protection to protect the earnings for Avalanche LPs

3. For Developers
Dapps can integrate with KyberSwap’s pools and aggregation API to provide the best rates for their own users, saving time and resources.

Summary of Farming process
  • Get the tokens you want to add liquidity for on Avalanche
  • Add liquidity for the eligible Elastic pools and you will receive an NFT that represents your liquidity position
  • Deposit your liquidity position NFT to the farming contracts
  • IMPORTANT Last Step: Stake the deposited liquidity position NFT in the farm to start getting rewards
Full Details on How to Farm on KyberSwap Elastic

Deposit Liquidity

  • On KyberSwap, under “Earn -> Pools”, select [Elastic Pools]
  • Add liquidity to the eligible pools at the fee tiers mentioned above.
  • Key in your deposit amount for the token pair. Approve the tokens if you have not done so earlier.
  • Input a custom price range in which you would like to provide liquidity by indicating the min price and the max price of that range. A narrower range gives your higher concentrated liquidity and more fees, while a bigger range would give a higher chance of the pool always being active (and get yield farming rewards).
  • After adding liquidity, you will receive an NFT (non-fungible token) that represents your liquidity position. (You can view your liquidity positions on the “Earn -> My Pools” page.)

*Note: While you can deposit both ‘Out of range’ and ‘In range’ liquidity positions, only your ‘In range’ liquidity positions will earn you farming rewards.
If your ‘Out of range’ liquidity position becomes active again, and you’ve already deposited it into the farming contract, you’ll start earning rewards for this liquidity position as well.
So make sure when you add liquidity, input a min and max price for your chosen token pair that would not go out of range!

Staking

  • On the “Farm” page, select the same farm you added liquidity for. Click [Deposit] and select your liquidity position NFT (ID number). Click [Deposit Selected], approve and wait for your transaction to be confirmed.
    *IMPORTANT* After depositing your liquidity position NFT, click the [+] button to stake your deposited NFT.
    Note: If the [+] button is disabled, it means that you haven’t deposited your NFT liquidity positions into the farming smart contract yet. You MUST stake your liquidity position NFT in the farm to start accumulating rewards (depositing the liquidity position NFT earlier is not enough).

Harvesting & Claiming Rewards

  • On the “Farm” page, click the “axe” icon button on the far right of the farm you want to harvest from, or the “Harvest All” button.
  • A “Harvest” popup will be displayed and you can see the rewards you have accumulated so far in terms of total dollar value and in terms of individual tokens. Click on “Harvest”.
  • To claim rewards, click on [Vesting] on the Farm page and click on [Claim] button under [Vesting Schedules] to claim the harvested rewards that have been unlocked. If there is no vesting period, your rewards are unlocked immediately after harvesting them.

Unstaking

  • To unstake your NFT, simply click on the [-] button on the Farm.
  • You will see a popup prompting you to select the liquidity position NFT you wish to unstake. Make your selection and click [Unstake Selected]. Confirm and wait for your transaction to go through.

For more detailed instructions on farming with Elastic pools, please visit: https://docs.kyberswap.com/guides/how-to-farm

You can also view farming tutorials directly on KyberSwap or watch our tutorial video here:

Farming on KyberSwap Elastic

What’s next?

Now that you’ve been equipped with KyberSwap’s amazing tools and features, as well as the information you need to start earning in DeFi today, what is stopping you from capitalising your own capital and making it work for you?

Connect your wallet on KyberSwap and get started right away!

KyberSwap — Trade & Earn at the best rates

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About Kyber Network

Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, our flagship Decentralized Exchange (DEX) aggregator and liquidity platform, provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

KyberSwap powers 100+ integrated projects and has facilitated over US$10 billion worth of transactions for thousands of users since its inception. Currently deployed across 14 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent, Optimism and Solana.

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