Learn how to get in on SundaeSwap ISO to Earn Cardano's SundaeSwap free tokens. SundaeSwap is the premier bluechip Cardano based DEX to launch. Think of it as the Uniswap of Cardano blockchain.
Here are the Key Dates and Takeaways
Thursday, January 20: SundaeSwap will launch as a fully-functional beta decentralized exchange (DEX).
Tuesday, January 25:The first round of ISO rewards will be calculated. ISO participants must delegate ADA to qualifying ISO Scoopers prior to 21:45 UTC on January 25th to be able to earn SUNDAE for all five ISO rounds. More detail provide later below.
Thursday, January 20: Yield farming SUNDAE rewards begin. Yield farming will be available for at least the first six months of the SundaeSwap DEX, and during this period, LP tokens staked to yield farming contracts in eligible pools can earn additional SUNDAE rewards. I will provide more details below.
The SundaeSwap DEX will go live as a fully-functional beta on Thursday, January 20, 2022. Projects will be allowed to create pools beginning Tuesday, January 18th.
3 Ways to Earn SUNDAE Tokens
Initially, there will be three ways to get free SUNDAE tokens:
Method 1: Participate in the ISO (available during Cardano epochs 316 through 320). Epoch dates 316 is Jan 20th and Epoch 320 is on February 9th. I will explain the exactly ISO 5 rounds cutoff dates below in detail.
Method 2: Earn yield farming rewards (available January through June). After June most likely yield farming rewards will stop or significantly drop.
Method 3: Swap other tokens for SUNDAE on SundaeSwap and other participating DEXs. Just or swapping tokens in Sundaeswap, you will able to earn SundaeSwap tokens as early users of this DEX. This will not be offered for later users.
When is SundaeSwap ISO?
The ISO will begin as well on Thursday, January 20, and will continue for five epochs, with rewards (5% of the total SUNDAE supply, 1% per epoch) being distributed based on the snapshots that will be taken at each epoch boundary.
SundaeSwap ISO 5 Rounds and Cutoff Dates:
To participate in each ISO reward round, you must delegate prior to the follow date and times.
Round 1: January 25th (21:45 UTC)
Round 2: January 30th (21:45 UTC)
Round 3: February 4th (21:45 UTC)
Round 4: February 9th (21:45 UTC)
Round 5: February 14th (21:45 UTC)
As long as you are delegated to an official ISO Scooper (I will provide the Official ISO list below) before the snapshot is taken, your rewards will be calculated for the epoch you staked in.
HOW to Participate on SundaeSwap ISO?
If you want to make sure you qualify for all five ISO reward rounds, you must have ADA staked with eligible SPOs before 21:45 UTC on January 25th. Your reward will be calculated based on the snapshot taken at that time, and at the same time at each subsequent epoch boundary. Details on where and how you will receive your SUNDAE and how you can check your outstanding rewards will be shared soon.
HOW to YIELD FARM on SundaeSwap?
Yield farming is a form of staking used by DEXs to reduce the volatility of their liquidity pools. You can learn more about yield farming on the SundaeSwap help section. 500,000 SUNDAE will be allocated daily over at least the first six months of the DEX’s operation to yield farmers participating in the following liquidity pools:
SUNDAE/ADA
LQ/ADA
WMT/ADA
CARDS/ADA
This list of eligible pools will be adjusted by community vote later as the ecosystem grows and stablecoins launch.
SundaeSwap ISO Staking
What you need to do join the ISO is to stake ADA on any of SPO list that SundaeSwap tokens. You need minimum of 10 ADA tokens on your Yoroi wallet to inorder to stake tokens. Yoroi is consider Metamask for Cardano. After you setup Yoroi wallet, send your Cardano from centralized exchange into this wallet. You need 10 ADA in your wallet to be able to stake Cardano on SundaeSwap approved ISO to earn SundaeSwap airdrops. Go to the Deletegation List. I was able to find SIPO pool. Select the amount you want to stake. In my example I stake entire 902 ADA.
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Time Stamp:
00:00 Introduction SundaeSwap ISO on Cardano
01:20 Buying ADA for Staking
02:44 3 Ways to Earn Sundae tokens
03:31 SundaeSwap ISO Dates
04:28 SundaeSwap ISO Staking Pools
05:05 SundaeSwap Sundae Tokenomics
05:53 How to Participate on SundaeSwap ISO
06:28 Yield Farming on SundaeSwap to Earn Sundae Tokens
07:07 Staking ADA to SundaeSwap Official Pools
08:53 Summary on ISO
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How to Participate on SundaeSwap ISO with Details
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