Phantasma’s native Cross Chain Liquidity Incentivization Protocol has been running for close to two years, providing salacious incentives for all token holders choosing to contribute to the DEX liquidity of $SOUL and $KCAL on Uniswap and PancakeSwap.
As the Phantasma contributors have been working on the native Phantasma DEX to bring proper DeFi to Phantasma, the Pharming mechanics naturally need some adjustments to account for changes in chain rewards, reward sizes and internal mechanics. In line with Phantasma’s core value of sustainability, Pharming rewards for the native DEX have already (since more than a year ago) been allocated from part of the annual inflation and we’re very much looking forward to bootstrapping liquidity and power charging the native DEX trading volume!
As a consequence of the coming changes, Pharming rewards on Phantasma external DEXes (Uniswap and PancakeSwap) will be paused starting today, while developers implement the necessary changes to properly power decentralized mainnet trading. During this intermission, accumulated Pharming rewards for the users having registered their liquidity on Uniswap and PancakeSwap in the Pharming dApp will be calculated and made claimable on the Phantasma mainnet (stay tuned for a fresh update once this process is complete).