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1BCH Farm Policy: Conditions for Farm Listings (“Conditions”)

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Date: 5 Jan 2022

***Farm Application Form: https://forms.gle/tMddnpMFEjUjEJC37 

  • Rule of Thumb: 1BCH-rBCH; 1BCH-BCH; rBCH-BCH farms; FlexUSD-BCH will generally have higher multipliers

  • These Conditions are a test-&-learn for the 1BCH Team, and will always be subject to change and the 1BCH Team will endeavour to provide prior notice to our 1BCH community.

1BCH and rBCH Farm Pairs

  • Minimum liquidity for all farms: $1000. We will phase out of all farms with under $1000 in liquidity. We envision that this minimum liquidity sum will increase over time, and will announce it accordingly. 

  • Starting Multipliers: Will always be 0.1X

    • If farm liquidity more than $10,000: 0.5X

    • If farm liquidity more than $100,000: 2X

    • Over time, our expectation is that these multipliers will more likely decrease (than increase)

  • Sprinklers: For tokens which are not in Top 15 (order by liquidity, at time of application) on Marketcap.cash, compulsory participation in Sprinklers for all applicable new Farms. 

    • Contribute at least US$500 to Sprinklers. 

    • For tokens with very low liquidity / hard to ascertain token price, the 1BCH team will have the final decision as to the contribution adequacy.

    • ***Sprinkler sign-up form: forms.gle/yyUtLoerUyzZSoZg8 

BCH and Stablecoin Farm Pairs

  • Such pairs will be on a case-by-case basis, with a set of criteria the 1BCH Team will take into account (including, but not limited to those stated in this policy)

1BCH Team’s Full Discretion

  • The 1BCH Team retains full discretion to set multiplier(s) for any new or existing farm pair(s) and will endeavour to provide prior notice to the 1BCH community before doing so. 

  • We may exercise this discretion for a number of factors, for example, TVL, trading volume, and/or if we identify that there is an exceptional collaboration opportunity which may benefit the 1BCH community. 

Transition Plan

  • All current farms on 1BCH.com (as of 5 Jan 2022) will be given till 8 Jan 2022 to meet the Conditions. 

  • On and after 9 Jan 2022, for all farms which do not meet the Conditions:

    • We will set all such farms’ multiplier(s) to 0 (zero)

    • Please see “Farms” → “Finished” tab if you can’t find such farms to withdraw any liquidity remaining

  • *Exceptions: Konra, Narath, HAM and WRS farms will be given till 23 Jan 2022 due to prior commitments we’ve made with their token devs.

  • In terms of the $1000 minimum liquidity requirement, we will do a one-time review on 9 Jan 2022. Thereafter, for farm pairs with regularly under $1000 liquidity, we reserve the right to set such farms’ multiplier(s) to 0 (zero)

  • Users should be aware of the details in this announcement, and further prior announcements (e.g. before change of multiplier to 0) may not be provided.

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