The new season of The Open League has begun, and the TON Punks team is extending their own liquidity boost for PUNK/TON pool farmers. Exactly in the same equivalent in which the projects in The Open League are provided. This season, until the 7th of August we will distribute 13900 TON and 50 000 PUNK.
Pool withdrawals are locked for 30 days.
1. Add TON and PUNK to the liquidity pool on ston.fi
2. Stake the received LP tokens in farming.
Instructions on how to participate are also available in video guide format.
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Our goal for this season is to secure our place in the top 10 of The Open League leaderboard in order to secure an LP-boost from TF for next season. We will do all the required actions for this goal, as well as launch a new steaking tied to TVL soon.
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TON Punks are launching a new staking system in the Punk City ecosystem, consisting of NFT staking and LP staking.
The yield in TON Punks NFT staking is now based on the TVL (Total Locked Value) of the PUNK-TON liquidity pool. The base yield is ~15% APY for NFTs and ~10% for LPs.
There are 6 tiers in the new staking system to increase the APY to 30% for NFT and 20% for LP.
For the first 2 weeks after the launch of staking, there is a 2.5x NFT yield boost (with a base APY of ~40% and 70% at the max level) in effect
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Discover the secrets of TON Punks staking in 7 cards and become a Ruby staker!
For the first 2 weeks after the launch of staking, there is a 2.5x NFT yield boost (with a base APY of ~40% and 70% at the max level) in effect
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STON.Fi is holding GemSquads voting among STON token stakers, TOP-10 projects will share 20,000 STON (~$300,000). Your votes will determine the size of the PUNK/TON pool boost with STON tokens, which will affect $punk performance and Farming APY.
The voting deadline is 9 days away. The rewards won by the project will be automatically added to the liquidity pool farming in August.
To support the $PUNK pool you need to send GEMSTON to the address listed in front of the PUNK/TON cell.
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TON Punks team had updated Staking interface to make it more convenient and user-friendly. From now:
• The main page has undergone a slight redesign, making it easier to understand staking performance.
• A timer has been added to the staking page, displaying the time remaining until the next reward.
• Staking levels now show the actual staking APY (Annual Percentage Yield) rather than the APY difference.
• Additionally, you're able to see how much TVL (Total Value Locked) share in USD is needed to upgrade to the next level.
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PunkCity bot is once again available for iOS and macOS devices.
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Our partners from the Tonstakers team have launched $PUNK token staking on their platform in a simplified earn-mode (without the need to provide liquidity).
Terms of the staking:
• Reward pool: over 9,000 PUNK
• Staking duration: 90 days
• Minimum lock period: 30 days
Also, the first 100 participants who stake over $100 $PUNK will share a $1000 award in tsTON.
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Today is the last day of GemSquads voting. We are currently in 2nd place with 10546 GEMSTON - our goal is to take first place. If we take it and hold it - $PUNK token holders will receive a liquidity farming boost of 5955 STON (~$71,500) for the entire month of August.
Voting will close today at 23:59 UTC. To support the $PUNK pool you need to send GEMSTON to the address listed against the PUNK/TON box.
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PocketFi has launched a new boost with the $PUNK token. By adding 10 $PUNK to the balance, user gets +0.7 $SWITCH per hour. The boost stacks with the new deposit bonus, and gives another 5 $SWITCH per hour, bringing the total bonus to up to 75 $SWITCH per hour.
$PUNK is also available for trading on PocketFi.
$SWITCH is the native token of PocketFi, currently in its initial distribution phase, with 51% being mined.
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Based on the results of the second season of GemSquads voting on STON.Fi, our liquidity pool has been rewarded with 1640 STON for farming.
Current pool rewards — 13900 TON, 50000 PUNK and 1640 STON.
Withdraw lock from the pool: 30 days.
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On Wednesday, the PUNK token staking pool was launched on the Tonstakers. In less than a week, the TVL of the staking pool exceeded $76K.
For extra incentive, the reward pool has been increased by an additional 9,000 $PUNK (~$13K)
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• TON DNS support has been added. Now you can use the .ton domain attached to your wallet instead of the full address for withdrawal.
• Withdraw with Memo (comment in transaction) has been added. TON can now be withdrawn directly to centralized crypto exchanges.
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This season, TON Punks team managed to take 5th place in TOL and earn $30,000 along with a liquidity farming boost for the new season.
🏆 The team's performance in the season was excellent, with over 92,000 TON ($579,000) liquidity raised in the PUNK token's liquidity farming, and over 3,500 users attracted to the new staking and Punk City ecosystem. During the season, the token grew by 15%.
Earnings will be utilized to launch a new PUNK/TON liquidity pool on DeDust.io to open up arbitrage opportunities between DEXs.
Also, tomorrow, the PUNK/TON liquidity pool will be charged with a new offseason farming reward.
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