While our IDO is running on the Maiar Launchpad; Battle of Yields 2 is a chance for you to test our features, as well as compete with other Warriors on the DeFi war.
In this post, you will find almost everything you need to know about the gameplay and how to navigate yourself in our event. Why almost you ask? It is because there are surprises we want to introduce in the middle of the event. It will significantly give everyone a chance to flip the results if they know how to take advantage of it. And the only way you can know about them is to follow us and pay close attention.
Battle of Yields will be held on Devnet.
Now, let’s get to the details.
Timeline
- BoY starts on 15 Oct 08:00 UTC
- BoY ends on 29 Oct 08:00 UTC
- The event faucet opens on Oct 14 18:00 UTC
- Changes like APR boosting or alike will happen at 8:00 UTC — 10:00 UTC
Tokens
Everyone will start with the same amounts of tokens.
- 5,000 tokens USDT or USDC
- 100 tokens wEGLD or aEGLD
- 0,1 token renBTC or wBTC
- 0 token ASH
Token prices:
👉 Note that all these prices are just random numbers for the sake of the event. They will not reflect the prices of any tokens on Mainnet, including ASH. Besides, most of the tokens are not available on Mainnet, they are just for test and do not comprise any hints of them coming to Elrond. Any information in this event cannot be used against us in the court of Mainnet 😉
These are only the initial prices when the event starts, they will change as people start to swap, add liquidity, etc.
- 1 ASH = 0.4 USDC
- 1 USDT = 1 USDC
- 1 wBTC = 1 renBTC = 20,000 USDC
- 1 wEGLD = 1aEGLD = 50 USDC
Why choose USDT over USDC, wEGLD over aEGLD, or renBTC over wBTC? This is one strategic move you have to make. It’s more beneficial for you to choose the one that fewer people choose.
If most people choose USDC and you choose USDT, when they add liquidity to the USDC/USDT pool, there will be more USDC in the pool than USDT. It means your USDT now is automatically valuable compared to USDC. The same holds true for renBTC/wBTC and wEGLD/aEGLD. Sounds fun already?
Faucet
- Claim your event tokens after Oct 14 18:00 UTC from the event’s faucet: https://battleofyields.ashswap.io/faucet
- dEGLD (Devnet eGOLD) will be used as gas fee & can be claimed from now on at https://r3d4.fr/faucet & we recommend you claim it as soon as possible, ideally now, to avoid any unwanted bottlenecks before the event, the detailed guide is ready at the end of this article.
- Note: the faucet can be claimed not only 1 time during the BoY, let’s follow our Discord or Telegram to keep up with updates.
AshSwap Guide
In this event, the features you can participate in to earn include but are not limited to (as there are many market dynamics we might have not yet known of):
- Liquidity Provision (Adding Liquidity): You earn 50% of the trading fees of the pools that you are in.
- Liquidity Staking: You can stake your LP tokens acquired by adding liquidity to earn ASH.
- Governance Staking: You earn 50% of trading fees from all pools on AshSwap.
- Yield Boosting: You can use your veASH to boost your income
This diagram illustrates how the fees and rewards from AshSwap flow into different features. You can find more details in our Litepaper at: https://medium.com/@ashswap/ashswap-litepaper-dfccf2d8528e
GM Wallet
A new thing in the Battle of Yields 2 compared to the previous one: there will be a GM’s wallet, GM stands for Game Master — a big guy with a big amount of money will join the battle & make change each day.
GM’s wallet holds a lot of liquidity on his wallet. Of course, his records will not count as a winner.
GM’s wallet will visible to everyone, which means players can track & predict the next actions.
GM Wallet Address: erd1k0elsxkm4trealpq08v0f6qhfyeenwd2lztrtg43rna30nnuk3xspt4cg6
Initial Liquidity of Pools
The values of the liquidity pools
- USDT/USDC: $15,000,000
- USDC/BUSD: $15,000,000
- wEGLD/aEGLD: $45,000,000
- wBTC/renBTC: $60,000,000
- BUSD/renBTC (Maiar): $90,000,000
- USDC/aEGLD (Maiar): $25,000,000
- USDT/ASH (Maiar): $10,000,000
Maiar Pools
You can see that we have 3 Maiar pools in our event, which are BUSD/renBTC, USDC/aEGLD, and USDT/ASH. These pools exist to serve the purpose of trading between those tokens. You can do so directly on the UI of AshSwap, and you cannot find those pools on the website of Maiar Exchange. We do not encourage anyone to try to add liquidity to those pools. You can collect small trading fees, but there’s no farming reward.
Trading Fee
- USDT — USDC: 1%
- USDC — BUSD: 1%
- wEGLD — aEGLD: 1%
- wBTC — renBTC: 1%
- BUSD — renBTC: 0.3%
- USDC — aEGLD: 0.3%
- USDT — ASH: 0.3%
Governance Stake
The locking time is supposed to be a minimum of 1 week and maximum of 4 years. But in this event, we have to change it for the purpose of testing. The details are:
- Min: 12 hours (new update)
- Max: 2 weeks
- Quick Select: 12 hours / 1 day / 3 days / 1 week / 2 weeks
You can claim/harvest your reward from Governance Staking every 12 hours (updated).
Mini-Events
During the Battle-of-Yield2, some mini-events will trigger to bring more activity to battle. It could be a God’s disaster or God’s blessing.
Decision time of each action: 8:00 am — 9:00 am UTC
APR Bonus Changes
We will change/boost farming APRs every 2 days to create needs for transferring funds around, making the event more fun and simulating the real market dynamics. You will be notified about the changes and the details can be found on the analytics page of AshSwap.
APR changes will be announced on Discord & Telegram. Join us to tune in!
GM Wallet actions
- Add/ remove liquidity: add/remove some liquidity as a default to the battlefield.
- Governance Stake: stake/re-stack X amount of ASH for Y days.
- The Hunting Show: GM will stake/ unstack his LP-Token to the pool(s).
- Boost up: GM will boost up all of his LP-Stake.
- Token transfer: GM will buy a massive amount of Z.
- Take Profits / Stop Loss
- Buy/ Sell token
- Secret Actions: Don’t worry, it won’t be a special buff for any pools and farms. It will be a universal action.
- Rest: Do nothing
How to calculate the results
The total value of a user will be the sum of the following assets:
- LP-Tokens staked in Liquidity Stake.
- ASH staked in Governance Stake.
- Rewards from Liquidity Stake and Governance Stake, including unharvested ones.
All the values will be calculated and denominated in USDC at the market price (from Maiar and AshSwap pools) at the end time of the event. So unless you want to perform some sort of speculation. You don’t need to move your funds or race to harvest, swap, etc. before the event ends.
Important Rules
- Do not send dEGLD or tokens from your wallet. The maximum dEGLD you can claim from the faucet as gas fee is 4 dEGLD.
- Do not use the fund received from others’ wallets. If you receive tokens, make sure you do not use the fund and forward all the received tokens to this burn address within 48 hours.
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Any actions against the above rules will be considered fraudulent, and you will get disqualified from the final results.
Watch your wallet on the explorer or ask for community tools to help you monitor it. Send any tokens you receive from other wallets, except the AshSwap Smart Contracts to the burn address.
Join the battle to claim your prize: https://battleofyields.ashswap.io/
Guide: How to Claim Devnet EGLD as transaction gas fee
Step 1: Go to Maiar Wallet and select Devnet wallet then copy the wallet address.
Step 2: Access to Elrond Faucet: https://r3d4.fr/faucet then select Network Devnet.
Step 3: Paste your wallet address in, and click Submit.
Step 4: To check the transaction, select Hash.
You will be taken to the Devnet-Explorer page, check the status, if it is successful it means your transaction is complete.
And your Devnet Maiar EGLD balance will be updated.
