# Liquidity Mining Overview

![](https://2294868262-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MTtRc9d01NxR4FBl8YA%2F-MVySq942KPNxbg6EhxB%2F-MVyTp75lHKGOzRMABXo%2FSNOW%20Liquidity%20Mining%20Forecast.jpg?alt=media\&token=27affccc-eefe-41c6-a2c3-2ea35f3dd220)

## **Liquidity Mining Program Summary** <a href="#b972" id="b972"></a>

* ***SNOW*** ❄️ **rewards pool:** 150,000 *SNOW* (30% of total *SNOW* supply)
* **Program Duration:** 1 year (from 9:00 PM PST Oct 14th, 2020 to 9:00 PM PST Oct 13th, 2021) with a 3-month bonus period during which 95,200 *SNOW* (63.47%) was unlocked

## ***SNOW*****&#x20;❄️ Token Distribution**

SnowSwap utilizes a smart-contract based mechanism to distribute tokens over time. To enable single-asset staking pools, we’ve forked the **SNX staking contracts** that are widely used by many DeFi projects and tested by billions of dollars locked.

150,000 *SNOW* tokens (30% of total supply) will be distributed over a period of 1 year between the users who stake their SNOW and SnowSwap LP tokens in the respective staking pools.

### ***SNOW*****&#x20;Token Distribution Schedule** <a href="#id-7fdc" id="id-7fdc"></a>

* **Weeks 1–2:** 2,000 *SNOW* tokens daily
* **Weeks 3–4:** 1,600 *SNOW* tokens daily
* **Weeks 5–6:** 1,200 *SNOW* tokens daily
* **Weeks 7–8:** 800 *SNOW* tokens daily
* **Weeks 9–10:** 600 *SNOW* tokens daily
* **Weeks 11–13:** 400 *SNOW* tokens daily
* **Weeks 14–52:** 200 *SNOW* tokens daily

![](https://2294868262-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MTtRc9d01NxR4FBl8YA%2F-MWcT7zFuHdHh-WmTIZJ%2F-MWcZFiz8FY1QF3dqQ4p%2FNumber%20of%20tokens%20unlocked%20daily.jpg?alt=media\&token=88c5cd05-1e96-4401-8976-227ba6443840)

There was a 3-month bonus period for early participants. After which, **200 SNOW tokens are now distributed daily across the staking pools** until the end of the program duration (Oct 13th, 2021) according to the distribution percentages in the table below. These percentages will change as more pools are added in the future.

![Daily SNOW Distribution Across All Pools (Subject to Change)](https://2294868262-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MTtRc9d01NxR4FBl8YA%2F-MWcT7zFuHdHh-WmTIZJ%2F-MWdIJfe-EZs1gwv0qUA%2FSnowSwap.jpg?alt=media\&token=64de49c2-ec70-43cc-87e1-a951d0619307)

The amount of rewards earned by a user is proportional to the share of the user’s stake of the TVL (total value locked) in the pool. Your share of rewards gets lower if more people start staking.

*SNOW* tokens are distributed to liquidity providers for staking their SnowSwap LP tokens with a distribution curve weighted in favor of early LPs that provide liquidity when total pool size is low. The rewards are distributed in proportion to the amount of liquidity supplied, multiplied by a “rewards coefficient” that increases with time and resets to 1 when the liquidity is withdrawn. There are no fixed-length lockup commitments.

**Please don’t supply your life savings, or assets you can’t afford to lose, to SnowSwap, especially as a liquidity provider.**