In an ongoing effort to bolster liquidity and provide more opportunities for our community, Iagon is excited to announce the continuation of its Liquidity Stake Pool Offering (LSPO) with Phase II of the Liquidity Reward Program. Given the success of the first phase, this next step promises even greater rewards, collaboration with new partners, and further growth of the Iagon ecosystem. Check details about the Phase I in our previous article.

Building on Success

Due to the positive feedback and performance of the LSPO, the Iagon team has decided to extend the program with modifications.

Phase II kicked off on May 1st, 2024, and run for an additional year. As in Phase I, participants will be rewarded for providing liquidity for the IAG/ADA token pair and delegating ADA to Iagon’s staking pools.

However, this time around, we are adding tokens from various partner projects to the mix.

  • Nuvola
    It's the first DePIN aggregator on Cardano, revolutionizing decentralized infrastructure by offering a crowd-share model. This approach democratizes access to rewards, allowing anyone to participate and benefit from decentralized infrastructure, regardless of their technical skills or background.
  • Saturn Swap
    It's a cutting-edge Decentralized Exchange (DEX) on the Cardano Blockchain, designed for speed and simplicity. Unlike traditional DEXs that rely on slow, centralized batch processing, Saturn Swap allows users to trade tokens instantly by interacting directly with smart contracts. This innovative approach eliminates delays, making token swaps faster and more efficient.
  • House of Titans
    It's a next-generation DePIN aggregator that offers its native token, $TITAN, as a revenue-generating asset. Through strategic investments in promising DePIN projects, $TITAN holders receive rewards and have governance rights, allowing them to influence future investment decisions and project direction.

This list is not final — more projects are being evaluated and will be added as we continue to expand and enhance the program. Stay tuned for updates!

LP Reward Program Phase II Details

Below are some of the key details of the extended program:

  • Start: Epoch 483
  • End: Epoch 556 (73 Epochs)

Rewards:

  • IAG Tokens (from a 10% buyback of ADA rewards in the IAGL1/IAGL2 pools)
  • Up to 1% of Saturn Swap token supply (1,000,000 tokens)
  • Up to 2% of NVL token supply (420,000 tokens)
  • Up to 2% of the TITAN token supply (800,000 tokens)
  • IAG, FACT, COPI, WMT and MNT (Minutes Network) from Nuvola staking
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The reward distribution timeline is as follows:
All the rewards will be made available 73 epochs (12 months) after the period in which they were earned.

Use of Funds

The ADA generated from the Iagon stake pools will be used in the following ways:

  • 85% will be used to provide liquidity on exchanges.
  • 10% will be used to buyback IAG (this is used for rewards above)
  • The remaining portion will be used by the Iagon team and can potentially be used in the future for liquidity providers.

How to check your rewards

To help participants estimate their rewards, a calculator is available to make it easy to track potential earnings.

Iagon - LP Calculator
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How to Participate

There are two main ways to participate in Iagon’s Liquidity Reward Program Phase II:

1. Delegate ADA to the Iagon Stake Pools

You can earn rewards by delegating your ADA to the following Iagon stake pools:

For those unfamiliar with how to stake, we’ve provided a tutorial to guide you through the process.

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Note:
Before delegating, be sure to check pool saturation. Rewards are the same regardless of the pool, but IAGL1 generates more rewards. Delegating to either pool ensures your participation in the program.

2. Provide Liquidity to Verified Pools

Participants can also earn rewards by providing liquidity to verified IAG/ADA pools across various Cardano DEXes. You can find official links to our partner DEXes here:

When selecting tokens, ensure they are verified to confirm your participation in the program.

Commitment to Safety

At Iagon, security is paramount. Our team has conducted thorough audits to safeguard against supply chain attacks and privilege escalations. In addition, we continuously monitor our pools, utilizing automation and backups to ensure smooth operation. By investing in top-tier infrastructure, we guarantee that your assets are always secure.

How Rewards Are Calculated

Rewards in the Liquidity Program are determined by the size and duration of your stake, as well as whether you participated in liquidity provision, staking, or both. All tokens earned will be distributed 73 epochs (or 12 months) after the epoch in which they were earned. For example, rewards earned in Epoch 848 will be claimable in Epoch 921.

More details on the methodology beside the rewards calculation check in our documentation page about LSPO.

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Note: Distribution timelines may be adjusted based on the method of distribution.

What is an LSPO?

For those unfamiliar with the concept, an LSPO (Liquidity Stake Pool Offering) is similar to an ISPO (Initial Stake Pool Offering). However, instead of raising funds for development, LSPO focuses on increasing liquidity across exchanges. Participants forgo the yield on their staked ADA, delegating it to Iagon, and receive rewards in return.

The primary goal of this program is to enhance the depth of liquidity for the IAG token across exchanges. By incentivizing liquidity providers and stakers alike, we can reduce token volatility and improve trading availability.

Join Phase II of Iagon’s Liquidity Reward Program today and be part of the next wave of decentralized growth!