Tarot Optimism Incentives Program
The Tarot Optimism Incentives program is a 24-week program that will distribute 540,000 OP to lenders, borrowers, and leveraged yield farmers in Tarot.
These OP rewards will incentivize a mix of borrowing activity and lending in Tarot on Optimism.
The program will start on December 28, 2023 at 16:00 GMT.
Lending Incentives via Supply Vaults and The Tower
The following Supply Vaults on Optimism will be eligible for staking in The Tower to earn additional OP rewards:
Tarot ETH Supply Vault (tETH)
Tarot OP Supply Vault (tOP)
Tarot USDC.e Supply Vault (tUSDC.e)
Tarot USDC Supply Vault (tUSDC)
OP rewards will be distributed to users who supply ETH, OP, USDC.e (bridged USDC), or USDC (native USDC on Optimism) via Supply Vaults and stake tETH, tOP, tUSDC.e, and tUSDC in The Tower on Optimism.
Tarot Supply Vaults: https://www.tarot.to/supply-vaults
The Tower: https://www.tarot.to/tower
Make sure to switch your network to Optimism to see the eligible Supply Vaults and Tower pools.
Pools for Borrow Incentives
The following lending pools for Velodrome LP will be eligible for borrow incentives:
TAROT/USDC.e
USDC/TAROT
TAROT/OP
OP/USDC.e
WETH/OP
WETH/USDC.e
OP rewards for each lending pool are 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 OP rewards allocation. As an example, in the Velodrome USDC/TAROT pool, all USDC borrowers will cumulatively receive 50% of OP rewards allocated to the pool. Likewise, all TAROT borrowers will cumulatively receive 50% of OP rewards allocated to the pool.
When the Tarot Optimism Incentives program begins, users who open a new borrow or leveraged position in an eligible lending pool will accrue OP rewards. These rewards are claimable within the Tarot UI, 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 Optimism Incentives program will need to activate farming on the Farm tab of the lending pool’s detail page.
Further Information
Join us as Tarot powers the next generation of liquidity on Optimism:
- Website: https://tarot.to/
- Discord: https://discord.gg/6ByFHBjqE8
- Twitter: https://twitter.com/TarotFinance
