Following the adoption of TIP-014: Global Incentives Program, the Farming Rewards Program has been replaced with a new incentives program to more effectively use TAROT emissions in a variety of ways to benefit the Tarot Protocol.
As of May 13, 2022 at 20:30 GMT, the shares allocated to base farm weights and direct pool voting are directed to protocol reserves.
The Tarot Farming Rewards program is a four-year liquidity mining program that will distribute 59% of the total supply of TAROT to borrowers, leveraged yield farmers, and stakeholders in the Tarot Protocol.
Farming serves to reward users who actively participate in the Tarot Protocol. A well-executed farming rewards program results in a fair distribution and governance over the Tarot Protocol, which is essential to its long-term success.
Tarot Farming Rewards will decrease by 2.4% every two weeks.
These are the pairs that were eligible for TAROT farming rewards and their share weights, across various lending pools, updated as of April 29, 2022 at 20:30 GMT.
Rewards for each farming pool are currently divided evenly between the pool’s underlying borrowable tokens. A user who borrows only one of the two underlying tokens in a pool will receive their share of 50% of the pool’s farm allocation. As an example, in the SpookySwap FTM-TAROT pool (20% total), all FTM borrowers will cumulatively receive 10%. Likewise, all TAROT borrowers will cumulatively receive 10%.
Users who open a new borrow or leveraged position in an eligible farming pool will accrue TAROT rewards. These rewards are claimable within the Tarot User Interface, in the Farm tab of the lending pool’s detail page.
Users who already have a borrow or leveraged position in an eligible farming pool prior to the start of the Tarot Farming Rewards program, or in a newly-added farming pool, will need to activate farming on the Farm tab of the lending pool’s detail page.
More information on the Tarot Farming Rewards program can be found on Medium: