2025-02-20: Yay! Liquidity Providing Feature and ACS Campaign
The Liquidity Providing (LP) feature is released on the Yay! Dashboard, allowing users to earn more rewards.
Key Updates:
Users can now stake and provide liquidity via the Yay! Dashboard to maximize rewards.
With the new LP feature, users can now earn:
12.5x Boosted Yay! Gold and ???? Points
Liquidity providers earn 12.5x boosted rewards based on their total LP contributions. This means, with the yay LST portion of LP, users earn a 25x multiplier.
Astar Contribution Score (ACS) Points for additional ASTR rewards
Liquidity Providing via Yay! is eligible for ACS points.
What is the ACS Campaign?
The Astar Contribution Score Campaign powered by Astar Network is a 100-day on-chain event led by Astar Network, distributing up to 100 million ASTR in rewards.
Key Details:
Campaign Period: February 20, 2025 – May 30, 2025 (100 days)
Total Rewards: Up to 100 million ASTR
What to do: engage in various on-chain activities, such as providing liquidity to DeFi applications and interacting with gaming and consumer applications
Rewards: ACS points will be converted into ASTR rewards
How to Provide Liquidity on Yay! Dashboard
Step 1: Stake ETH for yaySTONE/yayAgETH
Stake ETH through the Yay! Dashboard via StakeStone or Kelp Vault:
*Skip this step if you already have yaySTONE or yayAgETH.
Step 2: Bridge yaySTONE/yayAgETH to Soneium
Bridge yaySTONE or yayAgETH to Soneium to be used in liquidity providing. *Skip this step if you have already bridged yaySTONE or yayAgETH to Soneium.
Bridge via Superbridge(yaySTONE)
Follow these steps:
Connect your wallet.
Select Ethereum Mainnet as the sending network and Soneium Network as the receiving network.
Enter the amount of yaySTONE to bridge.
Confirm and approve the transaction.
Bridge via Superbridge(yayAgETH)
Follow these steps:
Connect your wallet.
Select Ethereum Mainnet as the sending network and Soneium Network as the receiving network.
Enter the amount of yayAgETH to bridge.
Confirm and approve the transaction.
Step 3: Prepare Soneium ETH
Use Superbridge to bridge ETH from Ethereum Mainnet to Soneium ETH. *Skip this step if you already have enough SoneiumETH.
Follow these steps:
Go to Superbridge.
Connect your wallet.
Select Ethereum Mainnet as the sending network and Soneium Network as the receiving network.
Enter the amount of ETH to bridge.
Confirm and approve the transaction.
Step 4: Provide Liquidity
Navigate to “Liquidity Providing” under the Earn section in the Yay! Dashboard.
Choose the liquidity pool for yaySTONE/yayAgETH, click Deposit, and you will be redirected to Velodrome.
Choose a price range, enter the amount, then confirm the transaction.
If you prefer more flexibility, consider selecting a Wide price range.
Under the Liquidity Rewards section on the Velodrome Dashboard, locate the liquidity pool you just provided liquidity to, click Stake, and confirm the transaction in your wallet.
Set the stake amount to 100%, confirm and approve the transaction. *yaySTONE LP point rewards will begin after completing step 5, so please make sure to complete all the steps above. *(Updated as of Feb 21, 11:30 JST) For yayAgETH LP, Velodrome has activated all the features to complete 5 steps. Point rewards will begin after completing all the steps. so please make sure to complete all the steps required. *For those who have completed liquidity providing using yayAgETH on Velodrome, Yay! will assure the point rewards until February 21st, 2025 at 11:30 am JST. So the points will be distributed and reflected on the Yay! Dashboard later.
Step 5: Check Your ACS Points (Updated Every 12 Hours)
You can check your earned ACS Points on:
For further inquiries or assistance, please contact us through this link.
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