March Token Burns and April Staking Rewards
Dear GIV Guild,
We would like to give the token holder community our monthly update on GIV token burns for March, as well as staking reward stats.
Token Burns
Approximately 210,768 GIV tokens were burned today:
https://etherscan.io/tx/0x91487f25870ea11e6d94d064aced7c63fd56556499c59b20ac6ed8427723dd3e
This is based on the staking rewards given to the foundation and the GIV burned through withdrawal fees and GIV purchases made on CryptoLocally throughout March.
March Staking Rewards
GIV staking rewards for this month have been distributed already:
https://etherscan.io/tx/0x353f1bc2d7bae820623010a24d506d772348cf6d9ca10474f45d16491d1dedf6
2021 Staking Rewards
In 2021, until further notice, total staking rewards for liquidity provision on the ETH/GIV Uniswap pool will remain at 2M GIV/month. The USDC/GIV Balancer Pool LPs will now stop receiving staking rewards, so that liquidity can be concentrated on Uniswap. LPs are encouraged to migrate to Uniswap.
Trading bonuses and APY for GIV for staking on the Finance Wallet on CryptoLocally will also remain at 10% APY.
The logistics for distribution and tracking will remain the same as before.
Further Reading
This information is not investment advice. Please read the full disclaimer before investing.
About CryptoLocally (GIV)
CryptoLocally is providing non-custodial smart contract escrows for peer-to-peer digital assets trading. CryptoLocally has been designed with ease-of-use in mind so that anyone can gain access to these technologies.
