Peg Token & Senate
Last updated
Last updated
A slightly more involved strategy is to take rewards earned from OWL-MOVR LP farming and place them into the Senate, instead of compounding immediately.
Here 10% profits are taken from harvested OSHARE before staking the rest into the Senate, where they earn OWL rewards on expansion epochs. Before staking in the Senate, be sure to read about how it works , as OSHARE withdrawal and OWL are both timelocked.
When the earned OWL from the Senate are harvested, once again 10% profits are taken before half of the remaining OWL is sold to MOVR in order to create OWL-MOVR LP. This LP is then staked with the original LP, compounding the amount earning.
This cycle continues, with harvested OSHARE being deposited in the Senate, while harvested OWL is used to create more LP.