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FAQ
Either because they have not yet applied or have been rejected.
Team representatives can approach a POP! admin, and request an application form. Should they pass a review and vote by the POP! Team (and later DAO), they will be added into POP!.
POP! charges the teams a small 1% fee, taken from the liquidity they provide, in order to create the MLP.
Mutual Liquidity Pool, is essentially a Liquidity Pool that is created through 2 teams separately adding and locking their respective tokens together. This is done through the POP! MLP smart contract.
The MLP will be removed from the POP! marketplace, and the team’s LP tokens will be available for claim. The partnering teams can always reapply for a new MLP, should they choose to.
It is when 2 unique users match their liquidity together on the MLP marketplace, thereby becoming farmers that are bound together in the form of a joint-liquidity partnership. Essentially this means Farmer A and Farmer B have joined their single-sided liquidity together, and the POP! smart contract has added their liquidity to that specific MLP.
Unfortunately, nothing can be done until the lock-up period provided by the Maker is complete. Therefore, it is a risk both parties should be fully aware of and accept prior to locking their liquidity together.
This information can all be found on the user dashboard.
The POP! marketplace is where all the MLPs are displayed; while the MLP Marketplace works similar to an exchange, such that it allows users to Make and Take offers for a specific MLP.
For example, assuming a user with Token A would like to provide liquidity to a MLP between A & B. Initially they would choose the specific MLP (A x B) on the POP! marketplace, which would direct them to that MLP Marketplace, where they can Make or Take an offer.
This is a safety mechanism we enforce to ensure that our users are always protected from a rug pull incident.
3 months. However, based on POP!'s allocation point system, teams are encouraged to lock up for 6 months to increase the amount of POP! rewards allocated to their MLP.
An in depth explanation of it can be found here: "How does POP! work?" under section 1.
Essentially, each MLP is provided a specific allocation point (measured objectively) which defines the % of POP! tokens received each block.
Approximately 73744 POP! tokens per day. This is calculated by dividing the supply allocated to farming (161.5M) by 6 (years) x 365 (days).
161.5M POP! / (6x365) days = 73744 POP! per day (subject to change by the DAO)
No, there was no raise of any sort. All tokens, except those for the Dev wallet (20%), are available for farming and being rewarded to those active in the future DAO.
POP! can be purchased directly on Uniswap or farmed by either providing liquidity to MLPs, or the genesis pools (only available for 10 days prior to launch).
If the project of the token you are farming with has provided bonus tokens, then you will receive them together with the POP! rewards. In other words, a user farming with token A can only receive the bonus tokens from project A, while the same is true for token B -> farmer B.
Yes, you are able to claim all farming rewards at any point during the farming partnership. However, keep in mind that you will be claiming them for both you and your partner, given you are bound together in the partnership, thereby acting as a single entity providing liquidity to the MLP.
The first user to call the claim function is paying the gas fee for all rewards received for both users. This can mean various transactions, which combined can lead to rather high gas fees.
This is because your farming partner has claimed their rewards, which consequently claims yours too.
That is due to Impermanent Loss (IL), which occurs in Automated Market Maker pools, such as those on Uniswap.
Although you received less than originally deposited, through POP!’s rebalancing mechanism you avoided receiving even less. By clicking the information tab (denoted as an i ) when claiming your liquidity tokens back, you can see how POP! managed to do this in your particular case.
POP! manages to tackle it through a simple rebalancing mechanism, where the surplus of tokens generated by IL are used to buy back the tokens that were reduced by IL. See the "How does POP! work?" page, under section 3, for more details.
Bancor offers protection to IL by using a % of fees generated on their DEX to cover for the IL. However, the user is required to stake their asset for a minimum of 30 days, and to ensure complete coverage for IL, staking of 100 days would be required. POP! on the other hand rebalances the ratio of tokens after IL, through selling the surplus tokens to buy the diminished tokens.
Yes, all POP! users are charged a minor 2% fee when successfully matching their liquidity together. 20% of the combined fee is sent to the Dev wallet, while the remaining 80% is used to purchase equal amounts (in $) of ETH and POP!, and subsequently added as liquidity to the ETH/POP! LP.
We are aiming for approximately 1 year post-launch, but will inform the community in advance should this change.
Not yet, however there will be continuous updates by the team regarding progress.