IGURU Mining Programs
Phase 1 ⚖️
Over seven days, a total of 100k veIGURU will be emitted through the following mining pools:
igUSD Loan Pool: 75%, 75,000 veIGURU per day.
IGURU/ETH LP Pool: 25%, 25,000 veIGURU per day.
To participate in the igUSD Loan Pool, you will need to deposit ETH/rETH/cbETH to mint/borrow igUSD. The yield is allocated to those who have minted igUSD, in a proportional manner according to their borrowed amount compared to the total minted igUSD. For example, if someone has minted 10% of the total igUSD, they would receive 10% of the yield payout, for the igUSD Loan Pool.
Phase 2 ⚖️
Daily veIGURU emission: The total amount of veIGURU emitted daily during this period will range from 50,000 to 100,000 depending on a user’s “veIGURU lock time” and their status as Stability Pool providers.
The incentive allocations across all pools will be as follows:
igUSD Loan Pool: 78%
IGURU /ETH Uniswap V3 LP Pool: 15%
igUSD/USDC Curve LP Pool: 7%
To participate in the igUSD Loan Pool, you will first need to deposit ETH/stETH/rETH/cbETH in order to mint/borrow igUSD. The yield is allocated proportionally to those who have minted igUSD, based on their borrowed amount compared to the total minted igUSD. For example, if someone has minted 10% of the total igUSD, they would receive 10% of the yield payout for the igUSD Loan Pool.
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