Maximize Your Rewards: $3M USD (19 Million $FX) Deployed for $PUNDIAI Redenomination on MarginX

orbitant · February 25, 2025, 7:28am

ALO!

Following the approval of Proposal #62 for 20 million $FX (2024), we are excited to announce the balance for deployment of 19 million $FX in liquidity rewards to support the upcoming token redenomination from $FX to $PUNDIAI. This strategic initiative is designed to enhance liquidity, stimulate trading activity, and drive the adoption of $PUNDIAI within MarginX.

View Proposal #62: PundiScan

MarginX - Liquidity Mining Pool
https://swap.marginx.io/#/farm

2025 1st Round Deployment: 50% Allocation

In the first round, we will deploy 50% of the total rewards, amounting to 9.5 million $FX, across the following liquidity pools:

FX-USDT: 40% of the total rewards
FX-PUNDIX: 30% of the total rewards
FX-WETH: 30% of the total rewards

This distribution strategy aligns with past trading volumes and aims to maximize liquidity and user engagement.

Estimated Rewards Breakdown

Total Reward Pool: 9.5 Million $FX
Distribution Duration: 3 Months

FX-USDT: 3.8 Million $FX (40%)
FX-PUNDIX: 2.85 Million $FX (30%)
FX-WETH: 2.85 Million $FX (30%)

Estimated Monthly Distribution

To distribute the rewards within 3 months, the monthly allocation will be as follows:

Total Monthly Distribution: ~3.17 Million $FX

FX-USDT: ~1,266,667 $FX
FX-PUNDIX: ~950,000 $FX
FX-WETH: ~950,000 $FX

Estimated APR/APY Calculation

Using past records as a reference and comparing them with the new proposed rewards, we estimate the following ranges:

FX-USDT
Previous APR: 10.24% | Proposed APR: ~48% to ~75%
Previous APY: 10.78% | Proposed APY: ~61% to ~94%

FX-PUNDIX
Previous APR: 26.13% | Proposed APR: ~112% to ~160%
Previous APY: 29.85% | Proposed APY: ~146% to ~208%

FX-WETH
Previous APR: 15.35% | Proposed APR: ~58% to ~90%
Previous APY: 16.59% | Proposed APY: ~76% to ~118%

Average Previous APR: ~23% | Average Proposed APR: ~69% to ~103%
Average Previous APY: ~27% | Average Proposed APY: ~84% to ~129%

These ranges highlight the potential for attractive returns, depending on trading volume and liquidity conditions.

Note on Estimated APR/APY Calculation
The estimated APR/APY figures provided above are hypothetical and based on historical data. Actual APR/APY will be calculated based on the real-time pool size and trading volume once the rewards are deployed. These numbers are intended to provide an illustrative example of the potential returns and may vary depending on market conditions.

Token Redenomination Details:

Redenomination Date: 25 February 2025
Commencement of Rewards Deployment: 1 March 2025
Conversion Rate: 100:1 (100 $FX = 1 $PUNDIAI)
Current $FX Price: $0.1637 (as of 25 February 2025)

On the redenomination date, all pools within MarginX will be automatically converted from $FX to $PUNDIAI based on the conversion rate of 100:1. This seamless transition ensures that all liquidity providers and traders benefit from the new tokenomics while maintaining their proportional holdings.

Why This Matters

Support for Token Redenomination: The deployment supports the transition to $PUNDIAI, ensuring continued liquidity and trading activity during the redenomination process.
Boosted Rewards: With 50% of the total rewards being deployed in the first round, liquidity providers will benefit from enhanced APR/APY rates, maximizing returns.
Strategic Growth: This initiative strengthens the MarginX ecosystem, driving adoption and engagement with the newly denominated $PUNDIAI token.

Next Steps:

Rewards Deployment: The 1st round of rewards will commence on 1 March 2025 across the three liquidity pools listed above.
Automatic Conversion: All pools in MarginX will be automatically converted to $PUNDIAI on 25 February 2025 at the conversion rate of 100:1.
Future Updates: The remaining 9.5 million $FX will be deployed in subsequent rounds. Stay tuned for more updates on timing and distribution strategies.

Thank You for Your Continued Support!

This strategic rewards deployment is part of our ongoing commitment to enhancing liquidity, rewarding our community, and driving the growth of the PUNDI AI ecosystem. We appreciate your support and participation in this exciting transition to $PUNDIAI.

Let’s continue to grow together!

The MarginX Team

Reference Posts:

Enhanced Incentives for Liquidity Providers on MarginX Liquidity Mining
https://forum.pundi.ai/t/enhanced-incentives-for-liquidity-providers-on-marginx-liquidity-mining/6081

MarginX - Liquidity Mining Pool
https://swap.marginx.io/#/farm

zaccheah · February 25, 2025, 7:30am

Juicy.

wolfpack64 · February 25, 2025, 5:36pm

how do we these reward … we just provide liquidity ? and these rewards are only for 3 months ?

orbitant · February 25, 2025, 5:47pm

Yes! Just provide Liquidity (Swap - MarginX) for the mentioned pools (Starting 1 March 2025).

Rewards for 3 months as mentioned, until the rewards run out; MarginX will evaluate the trading volume again and allocate the remaining 9.5 million $FX rewards later.

dnes-saak45 · March 1, 2025, 11:44am

Is this in the process or is it already running coz i can’t see any apy on margin x at the moment as it was suppose to start from today. thanks

AlexSpace · March 1, 2025, 1:37pm

Still no rewards in pools

orbitant · March 2, 2025, 8:24am

The percentage rates you are seeing may be due to the rebalancing of rewards as the network adjusts to the end of delegation. Wait for updates in the next couple of days.

orbitant · March 2, 2025, 8:34am

Important Considerations Before Participating in MarginX Liquidity Pools & Farming

MarginX is a decentralized exchange (DEX) designed for experienced DeFi users. If you do not fully understand how liquidity mining, impermanent loss, and decentralized finance (DeFi) protocols work, do not participate until you have thoroughly researched the risks involved.

Withdrawal from Liquidity Mining
If you participate in liquidity mining, there is no lock-up period—you have full control over your funds and can withdraw them anytime through (https://swap.marginx.io//farm). However, withdrawals are subject to market liquidity and price fluctuations that may impact your returns.
Minimal Support & Self-Service Model
MarginX operates as a fully decentralized platform, which means there is no centralized customer support like traditional exchanges (CEXs). Assistance is community-driven, and users are expected to self-educate and navigate the platform independently. If you require constant support or are unfamiliar with self-custody, MarginX may not be suitable for you.
Understanding Rewards & Delegation Rates
You may notice fluctuations in reward percentages due to network adjustments. If you find this confusing, do not participate, as it suggests you may not yet have the necessary DeFi knowledge to make informed decisions safely.
Risk Awareness in Liquidity Mining
Liquidity mining is completely voluntary, and users are fully responsible for their own funds. Risks include, but are not limited to:

Impermanent loss: Your deposited assets may lose value relative to simply holding them.
Smart contract vulnerabilities: As with any DeFi protocol, risks exist due to potential bugs or exploits.
Price volatility: Your staked assets may experience significant price fluctuations.

If you are unfamiliar with these risks, do not participate without conducting thorough research or consulting with experienced community members. MarginX is designed for users with a strong understanding of DeFi protocols and associated risks.

cop4200 · March 2, 2025, 11:51am

Hi,

Are you suggesting that pools are earning the rewards and only percentage is showing 0? Because I checked, there are no WPUNDIAI being accumulated which we can withdraw.

orbitant · March 2, 2025, 2:31pm

Hey!

As the token swap just took place ($PUNDIAI), the APR/APY % will show up in the next couple of days.

Everything will be back to normal once it’s up.

Cheers!

dnes-saak45 · March 5, 2025, 7:54am

when i click on Account analytics and accrued fees, it gives me error message as shown in the screenshot.

Also, Is this liquidity reward running up coz it shows 0% APY and APR. Any update. Thanks

Tonkisa · March 5, 2025, 10:45am

Hi. It would be desirable to receive information about the status of the PundiAI pool. Thanks

orbitant · March 5, 2025, 10:49am

ALO, @dnes-saak45 !

Thank you for bringing this to our attention. There are some technical issues that our development team is currently working on.

Since the token swap to $PUNDIAI just took place, the APR/APY percentages will only display correctly once the network adjustments are completed. Everything will return to normal once the update is finalized.

As mentioned in Point #3 above:
Understanding Rewards & Delegation Rates – Fluctuations in reward percentages are expected due to ongoing network adjustments.

We appreciate your patience!

orbitant · March 5, 2025, 10:50am

ALO, @Tonkisa !

Reply here - Maximize Your Rewards: $3M USD (19 Million $FX) Deployed for $PUNDIAI Redenomination on MarginX - #13 by orbitant

Tonkisa · March 5, 2025, 10:59am

Thanks. Is to be understood. Farming will only start after the adjustments have been completed ? Greetings

orbitant · March 7, 2025, 5:49am

ALO, Farmers & Swimmers!

The network adjustments have been completed, and the APR/APY percentages are now displaying correctly. Everything has returned to normal, ensuring smooth trading and liquidity mining on MarginX.

MarginX - Liquidity Mining Pool

[QUICK RECAP]

2025 1st Round Deployment: 50% Allocation

In the first round, we deployed 50% of the total rewards, amounting to 9.5 million $FX (95,000 $PUNDIAI), across the following liquidity pools:

PUNDIAI-USDT (FX-USDT): 40% of the total rewards
PUNDIAI-PUNDIX (FX-PUNDIX): 30% of the total rewards
PUNDIAI-WETH (FX-WETH): 30% of the total rewards

This distribution strategy aligns with past trading volumes and aims to maximize liquidity and user engagement.

Estimated Rewards Breakdown

Total Reward Pool: 9.5 Million $FX (95,000 $PUNDIAI)
Distribution Duration: 3 Months

PUNDIAI-USDT (FX-USDT): 3.8 Million $FX (38,000 $PUNDIAI) (40%)
PUNDIAI-PUNDIX (FX-PUNDIX): 2.85 Million $FX (28,500 $PUNDIAI) (30%)
PUNDIAI-WETH (FX-WETH): 2.85 Million $FX (28,500 $PUNDIAI) (30%)

Actual APR/APY Post Deployment – Significantly Higher than Expected

PUNDIAI-USDT (FX-USDT)

Actual APR: ~175.9% [Proposed APR: ~48% to ~75%]
Actual APY: ~478.4% [Proposed APY: ~61% to ~94%]

PUNDIAI-PUNDIX (FX-PUNDIX)

Actual APR: ~432.2% [Proposed APR: ~112% to ~160%]
Actual APY: ~7230.5% [Proposed APY: ~146% to ~208%]

PUNDIAI-WETH (FX-WETH)

Actual APR: ~199.5% [Proposed APR: ~58% to ~90%]
Actual APY: ~631.2% [Proposed APY: ~76% to ~118%]

Overall Comparison:

Actual APR: ~175.9% to ~432.2% [Estimated APR: ~69% to ~103%]
Actual APY: ~478.4% to ~7230.5% [Estimated APY: ~84% to ~129%]

Read Before Participating

Important Considerations Before Participating in MarginX Liquidity Pools & Farming