Campaign period: 18/10/2022 2PM UTC
Dearest Penguins,
We are always excited to partner with projects across the crypto space to launch campaigns and opportunities for our community. That is why we are thrilled to announce that we are partnering with Stader Labs to bring you exciting rewards through our Swap!
Stader Labs, a non-custodial smart contract-based staking platform, will be Impossible’s next LP Rewards project. With BNBx, you are able to earn rewards through the Stader Labs platform. On top of that, by participating in this LP Rewards campaign, you will be able to get additional SD token rewards by staking BNB-BNBx LP tokens on Impossible’s swap. The campaign will continue for a total of 26 days, with option to be renewed at a later date.
What is BNBx?
BNBx is a liquid token that can be minted by users when they stake BNB on Stader Labs. Stader Labs optimally stakes deposited BNB across various validators to earn rewards which are then channeled into the BNB stake pool on Stader. As the BNB pool size grows, the value of BNBx increases.
BNB-BNBx Rewards Staking:
— Staking starts: 18/10/2022 2PM UTC
— Staking ends: TBC
SD Tokens Rewards Distribution:
- 18/10/2022 to 14/11/2022: US$3,500 in SD Tokens
- 19/11/2022 onwards — TBC
How to participate:
- Step 1 (if you do not have BNB tokens): Purchase BNB on the Impossible Swap
- Step 2 (if you do not have BNBx tokens): Stake your BNB on Stader Labs here to mint BNBx.
- Step 3: Add BNB and BNBx liquidity on Impossible Finance to receive BNB-BNBx LP tokens
- Step 4: Stake your BNB-BNBx LP tokens here
- Step 5: SD token rewards will be distributed daily. You can view your rewards on our new Rewards Page!
Users that have passed KYC are eligible and encouraged to stake their BNB-BNBx LP tokens for the entirety of the campaign period to maximize their SD token rewards.
Not sure what to do? Check out some of our user guides here👇🏼
Learn how to add/remove Liquidity on Impossible Finance
Learn how to use the Impossible Finance Swap
KYC Details
- KYC Preparation Period: Rolling ongoing basis. We require 50 IDIA or 25 IF tokens to start KYC to prevent bots from spamming our KYC partner. Users can KYC anytime during the entire campaign timeline, but will not be able to stake until their KYC is completed. To maximize the staking utility of users’ IDIA, users have to pass KYC before the staking period begins. In other words:
- If users pass KYC after the end of the staking period, they will miss the opportunity to participate
- If users pass KYC during the staking period, they will only be able to stake for the remaining staking period and receive a lesser allocation than if they were to start staking from the beginning of the staking period
About Stader Labs
Stader is a non-custodial smart contract-based staking platform that helps you conveniently discover and access staking solutions. They are building key staking middleware infra for multiple PoS networks for retail crypto users, exchanges, and custodians.
Website | Twitter | Telegram | Reddit
About Impossible Finance
Impossible Finance is the go-to crypto investment platform that empowers you with high-quality, fair, and accessible crypto opportunities. We simplify DeFi so you can enjoy fairer investing, cheaper trading, and better yields through our accelerator, launchpad, and swap platform.
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Terms & Conditions:
- DISCLAIMERS, TERMS, and RISKS
- Impossible reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice
