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  • About Bancor Network
    • Bancor V3
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      • About Bancor
      • What Can I Do With Bancor?
      • Liquidity Pools
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      • Why Use Bancor?
      • Resources
    • Resources for DAOs
      • Token Whitelisting Requirements
      • Liquidity Mining
        • Auto Compounding Rewards
          • How Auto Compounding Rewards work
          • How to Create an Auto Compounding Rewards Program
          • Custom Rewards Programs
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        • approve() / allowance()
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        • tradeBySourceAmount()
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            • Auto Compounding
            • Standard Rewards
          • programIds()
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        • event TokensTraded()
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          • Event ProviderJoined()
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          • Event RewardsClaimed()
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  • Developer Guides
    • Bancor Vortex Burner
    • Bancor Etherscan Guide
      • Etherscan Basics
      • Deposit
      • Deposit and Join
      • Rewards: Joining Standard Rewards
      • Rewards: Stake & Claim
      • Rewards: Leaving the Rewards Contract
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        • Initiating the Withdrawal
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      • Rewards: Auto Compounding Rewards Distribution
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On this page
  • Transfer bnTokens to the rewards contract
  • Default Rewards Schedule
  • Reward Implementation by the DAO
  1. About Bancor Network
  2. Resources for DAOs
  3. Liquidity Mining
  4. Auto Compounding Rewards

How to Create an Auto Compounding Rewards Program

PreviousHow Auto Compounding Rewards workNextCustom Rewards Programs

Last updated 2 years ago

This section explains how to create an Auto Compounding Rewards Program using available bnTokens in your wallet.

You will need to first add liquidity (deposit) to the pool to receive bnTokens

Transfer bnTokens to the rewards contract

This section explains how to transfer bnTokens to the Auto Compounding Rewards contract:

  1. Open your wallet and select the bnToken that will be given as rewards

  2. Set the ExternalRewardsVault () contract address as the recipient

  3. Enter the number of bnTokens to transfer:

  4. Transfer the bnTokens

Once pool tokens have been sent, the DAO multisig will set them up for distribution according to the , unless a custom rewards schedule has been communicated beforehand. See for more details.

Default Rewards Schedule

The default rewards schedule is:

  • Length: 1 year

  • Distribution: Linear (flat)

This means that rewards would be distributed equally over a 1-year time span.

Example:
Assume 50,000 bnTokens were transferred
Emission would be:
50,000 bnTokens / 365 days = 136.9863013699 bnTokens per day 

Reward Implementation by the DAO

Once implemented, the program will start and value will start moving to the liquidity providers.

The implements required tasks, such as rewards programs, periodically (typically twice a week).

DAO multisig
on etherscan
Custom Rewards Programs
default rewards schedule