Boosted Frosty’s Pool (SNOW Staking) Launching on Polygon
TL;DR
❄️ Boosted Frosty’s Pool (SNOW staking) with higher liquidity mining rewards is launching Thursday, October 21, 2021
❄️ Users can choose from 1, 15, and 30 day locking periods
❄️ 180 SNOW will be distributed daily (split between the locking periods)
❄️ Enjoy the higher APR!!
Frosty’s Pool is finally coming to Polygon, in a new, boosted version! Now you can stake your SNOW natively on Polygon instead of having to bridge it back to Ethereum, from the Stake page of the SnowSwap web site. This is the first of our new set of locked staking pools. In return for bonding your LP tokens for a minimum amount of time, you can earn an even higher staking APR.
“Locked staking” refers to the process of locking your LP tokens and rewards on the SnowSwap platform for a minimum period of time. Locked staking pools pay higher staking rewards than regular pools. After depositing to a locked pool, you can withdraw the deposited amount and harvest your SNOW rewards only after the expiration of the locking period. Locking additional tokens resets the locking period. To lock different groups of assets with different locking periods, you must use multiple wallets.
The individual APR of the 1, 15, and 30 day periods will change depending on the amount of assets staked and the price of SNOW. The split of SNOW rewards between the locking periods will also vary but in general the longer staking periods will have a higher APR.
Please note we also just launched a new SNOW-USDC trading pair on QuickSwap. You can easily buy some SNOW there to stake in the boosted Frosty’s Pool. Or you can provide SNOW-USDC liquidity and earn SNOW by staking your QuickSwap LP tokens in Olaf’s Pool on Polygon as well.
Stay tuned for more upcoming announcements in the near future!
