Power Up Power Tokens!

The success of IPOR Protocol liquidity mining calls for a demonstration of the flexibility of the Power Token design.

Published in

IPOR Labs

4 min readFeb 14, 2023

The IPOR Protocol launched Power IPOR (pwIPOR) a couple of weeks ago, and what a launch it was. The Procotol’s liquidity pools experienced explosive growth from less than $3 million worth of stablecoins to over $37 million in the span of two weeks.

Thanks to the TVL growth, the IPOR Protocol became the #5 derivatives protocol in the DeFi space based on data from DeFiLlama.

Those who have been following IPOR and acquainted themselves with the Power Tokens concept know that liquidity mining with Power Tokens uses a logarithmic curve to determine who gets how many reward tokens for staking their liquidity. You would also know that Power Tokens are built with flexibility and modularity in mind. The Power Token design is a public good that any project can modify and incorporate for a more sustainable and long-lasting liquidity mining experience.

Power Tokens — Liquidity Mining for Developers

Using the Power Token design for your projects’ liquidity rewards.

docs.ipor.io

We now have the first opportunity to experience how powerful and flexible the Power Tokens model is.

Stretching the curve

In the Power Tokens design, the liquidity mining APR depends on:

how much liquidity you’re staking
how much pwIPOR you’re delegating

The logarithmic curve is then drawn, giving an edge to those who are delegating Power Tokens tokens (pwIPOR in the case of IPOR).

The pwIPOR design levels the playing field for small and medium-sized accounts aligned with the long-term vision of the IPOR Protocol and its role in the DeFi ecosystem.

Starting today at 1:00 PM UTC Power-Up curve gets stretched by adding “x2” under the logarithm.

Currently, the formula looks like this:

After the update it will change to this:

Here is a graphical representation of the change:

The curve is steeper and flattens at a higher level.

How does that affect you?

Staked pwIPOR will have a greater effect on the APR.

Use the calculator in the IPOR DApp to see how your position will be affected.

Will your APR update automatically?

No. You have to take action. Do one of the following to update your APR:

Modify your ipToken (ipDAI, ipUSDT, ipUSDC) stake position by staking or unstaking any amount.
Modify the amount of pwIPOR delegated to a staking pool.

Here is an “APR before and after” example:

Can you keep your old Power-up?

Absolutely. You don’t need to take any action; however, you may miss out on higher returns if you’re delegating any amount of pwIPOR.

What about new positions?

All new positions will use the new Power-up curve. There is nothing you need to do extra to take advantage of that.

Help spread the word!

Share your old and new boosted APR rates on Twitter and get 500 XP in Crew3. Access the quest here: https://crew3.xyz/c/ipor/questboard/6b2d3d61-7434-449b-a63b-ad69b19679a0

Do you have more questions? Share them on Discord.

Thanks for reading!

Leave a comment below if you have any questions. Be sure to join our community on Discord, so you receive the most relevant updates on the IPOR Protocol and Interest Rates in DeFi. Meaningful product discussions are highly valued and spam is strongly discouraged. Be cautious and don’t fall for impersonators.

Follow IPOR Labs on social media so you never miss a beat!