Hello Ref community! We posted at the beginning of the year that we have partnered with Octopus Network to launch a new farm.
We had to post-pone the launch for February 14th, this is part of our strategy to distribute our $META governance tokens to stNEAR token holders, with good incentives for farmers.
These are some of the details:
Launch Date: February 14, 2022
Duration: 60 days
Target APR: 15%
Rewards: $OCT + $META + $REF
There will be a migration from the current OCT <> wNEAR to the new farm, so please read carefully and if you have any questions please do not hesitate to send us a message.
- Withdraw all funds from the existing OCT/wNEAR farm
- Withdraw all liquidity from the OCT/wNEAR pair
- Convert the NEAR you just withdrew into stNEAR by either —
- Deposit your into the platform of metapool.app
- Swap stNEAR on the existing stNEAR/NEAR pool
- Select OCT and stNEAR and deposit liquidity to the pool.
- Deposit the LP OCT/stNEAR into the farm.
Looking forward to keep supporting the NEAR Protocol be more capital efficient.
We will follow up with a community post explaining the reasons why stNEAR is more capital efficient than wNEAR.
Happy staking and farming!