Monthly Update: April Token Burns & May Staking Rewards
Dear GIV Guild,
We would like to give the token holder community our monthly update on GIV token burns for April, and staking reward stats.
Token Burns
Approximately 92,059 GIV tokens were burned today:
https://etherscan.io/tx/0x3b896c9d5cd2c0307231c139d6e90a23520b0a2d0a3c383b19284e0dd12ce03a
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 April.
April Staking Rewards
GIV staking rewards for this month have been distributed already:
https://etherscan.io/tx/0x2fce107f6aaee083a50a9f401b45e8b08a835f18ad611af3032486bf98f41784
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.
