STEEL tokens will be rewarded to users who add liquidity to ValueDefi's IRON Finance liquidity pools. Each incentivized pair will have its own emission rate. The total amount of STEEL rewarded across all pairs will be 26,000,000 STEEL for the first 12 months. The total reward of 80,000,000 STEEL will be distributed to the Community over a period of 36 months. (See more in Token Distribution).
The details of reward distribution for incentivized pairs are:
1. STEEL/BNB
Reward rate: 0.761035 STEEL per block
Duration: 12 months
Total STEEL rewards: 8,000,000 STEEL
Vesting: 30% of STEEL immediately claimable — 70% vesting over 3 months after 1 month
2. IRON/BUSD
Reward rate: 0.761035 STEEL per block
Duration: 12 months
Total STEEL rewards: 8,000,000 STEEL
Vesting: 30% of STEEL immediately claimable — 70% vesting over 3 months after 1 month
3. IRON/vDOLLAR
Reward rate: 0.951293 STEEL per block
Duration: 12 months
Total STEEL rewards: 10,000,000 STEEL
Vesting: 30% of STEEL immediately claimable — 70% vesting over 3 months after 1 month