Monthly Update: May Token Burns and June Staking Rewards
Dear GIV Guild,
We would like to give the token holder community our monthly update on GIV token burns for May, as well as staking reward stats.
Token Burns
Approximately 41,976 GIV tokens were burned today:
https://etherscan.io/tx/0x556f400704ef2a39323627b1eb97e758146e605ce6b26b181f64667f65888722
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 May.
May Staking Rewards
GIV staking rewards for this month have been distributed already:
https://etherscan.io/tx/0x764cade19ee014463a57142ca057423ba452aad69cdaf6d6655e70d55a27bd29
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.
