COTI has informed the community that ADA staking rewards for SHEN and DJED liquidity providers will be sent to Minswap and not directly to the LP providers. So we need farming to distribute the rewards from COTI and the staking rewards from the ADA side of the pair.
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Just a random thought…
It might be necessary to limit LP removal to one window after each snapshot to avoid people draining (and then flooding) the pool every 20 days to double their profits.
Otherwise, minswap might have to take a snapshot of the lp state itself at exactly the same time as coti and assume it when distributing awards. That seems pretty cumbersome.
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I think Minswap needs to find a quick fix to maintain its market leading position. Otherwise, other DEXs could take advantage of a first-time user.
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Wrong, only SHEN holders get paid. not DJED but I agree and that the ADA premiums that must be paid to SHEN holders will be added to the POOL SHEN-ADA to add more liquidity.
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“It will be distributed to their wallets. We are working on this with the COTI team. We just developed an API that will allow the COTI team to know who is holding ADA/SHEN LPs on minswap.” – Discord core team member had commented on this
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