Burn & Earn now live on MyTrade V2

Burn & Earn is now live on MyTrade V2 Beta as of December 8th, at block height 22263200 on Polygon (estimated 11am Singapore Time).

You can now deposit and burn your eMYT to receive USDC! The earlier you deposit eMYT, the more you will earn.

Prize pool comes from all of MyTrade’s trading fees. 0.3% of all MyTrade trading fees during this period will go towards the Burn and Earn eMYT pool. The initial prize pool from the first month’s trading fee has accumulated to over 8K USDC.

“Time Until Lock” refers to the amount of time you have left to deposit eMYT for Burn & Earn. After this time period, you will no longer be able to deposit eMYT. Once you deposit your eMYT, you will not be able to withdraw it.

“Time Until End” refers to the end of the reward earning period. After the end of this period, there will no longer be any rewards added to this pool. However, you can claim your reward after this day at any time with no deadline.

Rewards will accumulate on every block until the end of the earning period. So the earlier you deposit, the more rewards you will get.

Remember all eMYT you deposit in here will be burned!

Note: Every time you deposit eMYT, it will automatically claim your previous reward.