How to participate in the protocol and get NOME

You can farm in a low-volatility, no Impermanent Loss USDBr<>HONEY “stablecoin” pool. Keep in mind that USDbr rebases, and thus if you bought it much above $1, your position will decrease for which you get outstanding NOME rewards though. That’s the idea: taking more risks gives you early rewards in abundant percentages. Do your math, at the start it will be shaky, this is where the bootstrapping phase is. Let the games begin…
You can also farm in a volatile NOME<>HONEY pool and get a more attractive yield (both from farming and as part of USDBr emissions), though you can get big Impermanent Loss due to the volatile nature of $NOME and permanent loss. Imagine if you LP to BERA<>USDC pool.
You can stake $NOME and get a higher part of USDBr emission. There is no impermanent loss here because that’s not an AMM position, you just hold the bread&butter of the NOME ecosystem. The true Alaskan bear!

Nome Dapp's Staking Page: https://app.nome.gg/stake

Last updated 1 month ago

You can farm in a low-volatility, no Impermanent Loss USDBr<>HONEY “stablecoin” pool. Keep in mind that USDbr rebases, and thus if you bought it much above $1, your position will decrease for which you get outstanding NOME rewards though. That’s the idea: taking more risks gives you early rewards in abundant percentages. Do your math, at the start it will be shaky, this is where the bootstrapping phase is. Let the games begin…
You can also farm in a volatile NOME<>HONEY pool and get a more attractive yield (both from farming and as part of USDBr emissions), though you can get big Impermanent Loss due to the volatile nature of $NOME and permanent loss. Imagine if you LP to BERA<>USDC pool.
You can stake $NOME and get a higher part of USDBr emission. There is no impermanent loss here because that’s not an AMM position, you just hold the bread&butter of the NOME ecosystem. The true Alaskan bear!

Nome Dapp's Staking Page: https://app.nome.gg/stake

Last updated 1 month ago