NURI | Uniswap V3-style liquidity pool on Scroll chain

Duration

2024/06/19 ~

Task

Supported Chains

NURI Project Details

NURI is a liquidity pool similar to Uniswap V3, built on the Scroll chain. Service commenced on June 20, 2024, and the current TVL (Total Value Locked) is approximately $14M.

The Scroll official team has also announced that incentives will be distributed to users staking on NURI.

NURI employs a reward system inspired by RAMSES on Arbitrum. After providing liquidity, staking veNURI allows you to earn additional fee rewards and $NURI.

Furthermore, NURI liquidity providers are offered Gauge Incentives in addition to 45% of the swap fees that LP providers can claim.

Gauge Incentives

Delta of user position (Upper - Lower)
Position size
Position utilization (whether it is within the range)

This promotes narrowing of the liquidity range and increases the rewards for participants. Concentrating liquidity within the user's utilization range reduces overall slippage and increases trading volume and fees due to more favorable swap routing.

RAMSES documentation is here: RAMSES Official Document

Caution
This project has some concerns such as audits, so please use it with sufficient research, paying attention to various risks such as draining and exploits.

$NURI Tokenomics Details

Total Supply: 1 billion (1B)
Initial Supply: 25 million (25M)

The initial supply of $NURI was distributed to veNFT and veRAM holders, active participants, and advisors who provided liquidity on Scroll. Also, a rebasing function has been added to veNURI to prevent dilution, but rewards will be distributed without the rebasing function until Epoch 3.

For more details, please refer to the NURI documentation: NURI Tokenomics

Airdrop Information Details

You can earn $NURI by providing liquidity to cryptocurrency pairs such as ETH/USDT on NURI. Furthermore, you can earn additional rewards by staking the veNURI acquired after providing liquidity.

Airdrop Procedure Explanation

Summary of Procedures

Access the website
Select the currency pair to provide liquidity
Provide liquidity
Claim $NURI

Detailed Procedure with Images

Access the website
Select the currency pair to provide liquidity
Provide liquidity
Claim $NURI

Disclaimer

・This article is created for informational purposes only and should not be used to solicit the sale, purchase, or underwriting of cryptocurrencies, securities, or other financial products, nor should it be considered an invitation to engage in such transactions, or constitute financial or investment advice.
・The information and opinions in this article are obtained from sources that we believe to be reliable, but we do not guarantee their accuracy, completeness, suitability, timeliness, or truthfulness.
・We, the authors, and all related parties are not responsible for any damage or loss caused by or related to the information published in this article. Cryptocurrencies involve hacking and other risks, so please conduct thorough research before using them.

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