Moe’s Journey Season 3 — The Liquidity Book Chapter
Moe’s Journey Season 3 has arrived, and Merchant Moe is setting out to bring his loyal journeyman into the world of Liquidity Book. With Liquidity Book (LB) and Moe’s Dynamic Market Awards (MDMA) recently deployed, this campaign will focus on cementing Merchant Moe’s position as the cornerstone DEX of Mantle Network.
Season 3 has allocated up to 250,000 $MNT in rewards to be distributed across the campaign, with a focus on rewarding Liquidity Providers, $MOE stakers, and active community members.
This campaign begins on Monday May 6th and will last for approximately 4 weeks, with rewards unlockable via 3 categories of participation. The largest set of rewards will be distributed via MDMA to active Liquidity Providers on key LB pools.
Campaign Structure
The overall campaign will be split up into three key categories — Liquidity Incentives, Moe Journey Points, and Community Initiatives.
1️⃣ Liquidity Incentives
The unique architecture of Liquidity Book’s discretized bin system allows Merchant Moe to offer zero-slippage execution on swaps when the liquidity is sufficiently deep in the active bin. To help bolster this liquidity in key LB pools, 140,000 MNT in rewards has been allocated towards liquidity incentives.
The majority of these rewards will be distributed through MDMA, while some of the allocated MNT will be used for Voting Rewards. These Voting Rewards will offer MOE stakers opportunities to earn additional yield via veMOE voting.
MDMA delivers a consistent stream of targeted rewards to a set bin range around the active price, incentivizing Liquidity Providers to provide deep liquidity at current market prices.
During the course of Moe’s Journey Season 3, Liquidity Providers will be earning Double Rewards, earning both MNT rewards and MOE emissions, with the MOE rewards in each pool governed by veMOE voting. The allocation of MNT to pools is as follows:
Please note that participating pools and the allocated rewards may change throughout the campaign period.
🔗 Explore all LB Pools to begin your Liquidity Book journey.
2️⃣ Moe Journey Points
Merchant Moe has allocated 100,000 MNT to reward Merchant Moe stakers during Season 3.
To begin earning MJP, stake MOE and unlock MJP tiers based on your veMOE balance. Boost your MJP even further with Journeymen multipliers.
🚨 Importantly, journeymen must keep their MOE staked through the duration of the Season 3 campaign in order to qualify for rewards. Unstaking MOE at any time will disqualify a wallet from rewards.
Points
Merchant Moe users will be able to earn Moe Journey Points by staking MOE, with multiple tiers available that are unlocked based on the amount of veMOE accrued. This veMOE accrual is directly proportional to the quantity of $MOE staked on Merchant Moe.
Each $MOE staked can accrue up to 1000 $veMOE in voting power with a 7-day ramp up to reach maximum veMOE. Any unstaking of $MOE will reset your veMOE to zero. This system prevents gamification and ensures that the MOE holders who stay staked throughout the campaign will earn the most points. Users can also participate in emissions governance throughout the campaign by voting with their accrued veMOE.
Snapshots will be taken on a weekly basis to track your MJP over the duration of the campaign.
🚨Your wallet MUST be connected to Guild in order to qualify for rewards, however all points and multipliers will be tracked onchain.
Multipliers
Users can also unlock multipliers to boost their accrued MJP. The following multipliers are available to users:
Concentrated Journeyman
Earn a multiplier based on your $MNT claimed from MDMA LB rewards outlined in the above list. Please note, there may be more MDMA farms added in this campaign that will be eligible for this multiplier.
10 MNT — +2%
50 MNT — +3%
100 MNT — +6%
250 MNT — +8%
500 MNT — +10%
1000 MNT — +15%
1500 MNT — +20%
Loyal Journeyman
Earn a multiplier by only swapping on the Merchant Moe DEX
Stay true and loyal to Moe for + 30% uplift to your total MJP
True Journeyman
Earn a multiplier for owning a True Journeyman NFT from Season 2
Season 2 boost unlocks + 10% uplift to your total MJP
Your current staking tier and multipliers will be viewable on the Merchant Moe site. This will be updated once per day. This will not reflect your accrued points over the course of the campaign.
🔗 Check your MJP status for Moe’s Journey
Fair game is expected for all and anyone found manipulating points accrual for their personal benefit at the loss of other community members will find themselves disqualified and banned. Moe play’s by the rules, so should you.
3️⃣ Community Initiatives
The Moe community is the foundation of Merchant Moe’s cornerstone DEX. An allocation of ~7500 MNT in rewards has been set to further reward the community through various initiatives. This allocation will be managed and distributed by the Merchant Moe Ambassadors.
The first initiatives, “Journeyman’s Got Talent” + “Spin to Win”, will become exclusively available to Moe OG’s in the coming weeks and offer up ~3000 MNT to participants.
Not a MOE OG? Worry not.
Importantly, Moe’s Journey Season 3 will also open up a path for new community members to join the ranks of OG Moe’s in the exclusive and highly engaged ‘Journeyman’ discord channel that offers the full Merchant Moe community experience.
Stay tuned for the announcement and launch of the community initiatives that will coincide closely with the launch of this campaign.
With Merchant Moe’s exchange now operating at full power, this chapter of Moe’s Journey is focused on driving rewards to participants in the early growth stages of Liquidity Book on Mantle. From community engagement to staking, all the pieces will come together to cement Merchant Moe as the cornerstone DEX of the ecosystem.
Welcome to Moe’s Journey Season 3.
About Merchant Moe
Merchant Moe is the cornerstone DEX for Mantle Network. A trader's oasis in the bustling worlds of DeFi, Merchant Moe offers seamless trading, discretized liquidity, and real yield all within his intuitive and easy-to-navigate platform.