👨‍🌾Core Farming Pools

The Core farming Pools (CFP's) will be the initial Farms available on Merlin and are exclusively available for the first users to interact with the Mage Platform. The primary goal of our CFP's is to seed initial liquidity for Merlin before our TGE and provide the community with the earliest opportunity to accumulate stMAGE.

CFP's will progress according to the following specifications:

• Start of CFP Emissions : Monday 24/04– 20:00:00 GMT+0

• Deposit enabled duration : 48 hours

• Duration of emissions : 6m

• Amount of emissions : 4000 stMAGE (5% of supply)

• Start of reward harvesting : Wednesday Apr 26 2023 — 20:00:00 GMT+0000

What Are CFP Liquidity Pools?​

Liquidity Pools on Merlin allow users to pool tokens (otherwise known as liquidity) so that they can be utilized to make trades. These pools are created by users of Merlin who want to profit from their usage.

Merlin's CFP's allow anyone to provide liquidity to them; when they do so, they will receive a LP Tokens alongside a NFM (Non-Fungible-Magic) NFT for yield farming and rewards. For example, If a user deposited $ETHand $USDCinto a pool, they would receive ETH-USDCLP tokens. These tokens represent a proportional share of the pooled assets, allowing a user to reclaim their funds at any point.

Reward Schedule

Depositors will linearly earn emissions in stMAGE during six months. They can withdraw anytime, at which point their share of the emissions will be redirected to the remaining participants. CFP's will distribute additional rewards on top of any base liquidity mining rewards we provide to the pools. This, therefore enables a significant yield earning opportunity for early users of the platform.