Shedule for changes in IRON reward pools

3 min readMar 9, 2021

After the first community voting, over 57% voted to agree with the changes in IRON’s reward pools with a liquidity lockup. Given the close race between a 3-days of Liquidity locked and 7-days of Liquidity locked, we believe a 5-days of Liquidity locked will be a good middle ground.

The team has scheduled Timelock transactions to apply the changes. Details are as below:

1. Changes in the current rewarding pools:

Pool 50%SIL-50%IRON:

Reward rate reduced to: 0.2663625 SIL per block
Duration: 12 months
SIL rewards: 2,800,000 SIL
Applied date: Mar 10th 2021, 4.00 AM UTC

Pool 50%SIL-50%BNB:

Reward rate reduced to: 0.1997725 SIL per block
Duration: 12 months
SIL rewards: 2,100,000 SIL
Applied date: Mar 10th 2021, 4.00 AM UTC

2. New rewarding pools:

Two new rewarding pools will be added at the following schedule:

Pool 70%SIL-30%BTCB

Reward rate: 0.5993175 SIL per block
Liquidity locked period: 5 days
Duration: 12 months
Vesting: 30% of $SIL immediately claimable — 70% vesting over 3 months after 1 month.
Total SIL rewards: 6,300,000 SIL
Pool will be created on: Mar 10th 2021, 4.30 AM UTC
Pool rewards will start from: Mar 10th 2021, 5.30 AM UTC (Block height count)

Pool 70%SIL-30%IRON

Reward rate: 0.7990875 SIL per block
Liquidity locked period: 5 days
Duration: 12 months
Vesting: 30% of $SIL immediately claimable — 70% vesting over 3 months after 1 month.
Total SIL rewards: 8,400,000 SIL
Pool will be created on: Mar 10th 2021, 4.30 AM UTC
Pool rewards will start from: Mar 10th 2021, 5.30 AM UTC (Block height count)

3. Extra withdrawal from Community Fund (Please read)

Due to the contract of vFarm pool, the team will not be able to withdraw the excess SIL tokens from the pool until the reward end block (15955772). So the extra amount of 11,700,000 SIL will be withdrawn from Community Fund Allocation and will be added to the new farming pools. The left-over $SIL from the current pools will be withdrawn and used in the next year.

A timelock transaction was scheduled for the withdrawal:

https://bscscan.com/tx/0x2a1ade80a6ad0cd97c0f596d45b6121e76156a669a61c5cbacfd3c224714f12d

Once again, thanks to let us hear your voices.

Team IRON