Umabills logo

Rewards

Earn yields minting UMABILLS.

UMABILLS Estimated Rewards

These rewards reflect estimates for yields earned by minting and LPing for Yield Dollar (wETH, Jun) and Yield Dollar (renBTC, Jun).


Loading APY...

How do I earn this yield?

Notice: Because of upcoming changes to UMA's Developer Mining program, these rewards stand to change over the course of the program's transition. We will keep the community alert of all changes to the rewards structure and how their rewards will be affected.

To earn the advertised yield, you must follow just two simple steps:

  1. You must mint either Yield Dollar (wETH, Jun) , Yield Dollar (wETH, Sept) , Yield Dollar (wETH, Dec), Yield Dollar (renBTC, Jun), Yield Dollar (renBTC, Sept), , or Yield Dollar (renBTC, Dec)
  2. You must deposit these Yield Dollars to their respective Balancer Pools (this will also entitle you to BPT rewards!)

Yield Dollar (wETH, Jun) and Yield Dollar (renBTC, Jun)

UMA sends out liquidity mining rewards for these two Yield Dollar pairs in a weekly cadence (50% of the total liquidity mining rewards are distributed to those who mint and LP). Thus, each week, you will automatically receive rewards for participating in the Yield Dollar ecosystem, denominated in UMA.

In addition to the liquidity mining incentives offered by UMA, you can also earn additional rewards through UMA's DApp Mining program. Via this program, DApp developers (like the UMABILLS team) are rewarded for supporting the Yield Dollar's through our interface. When you mint Yield Dollars from the official emptools DApp, you receive no such rewards. But, with UMABILLS, out of the DApp Mining rewards that we get back from uLabs' (they give out 30%), we share half of those back to the minters in a pro-rata way! Basically, by minting through the UMABILLS frontend, you receive additional rewards!

Essentially, by minting these Yield Dollars through UMABILLS versus anywhere else, you receive additional yield via UMA's Dapp Minining program.


Yield Dollar (wETH, Sept), Yield Dollar (wETH, Dec) and Yield Dollar (renBTC, Sept), Yield Dollar (renBTC, Dec)

The Yield Dollar (wETH, Dec) and Yield Dollar (renBTC, Dec) are contracts deployed by the UMABILLS team, and entitle you to receiving greater rewards compared to the other Yield Dollars. The process to earn this yield is effectively the same (mint and LP in the Balancer Pool).


The UMABILLS team will reward 70% of our developer liquidity mining rewards (rather than uLabs which only rewards 50%)! In this way, you gain greater rewards minting these Yield Dollars.


Essentially, by minting these Yield Dollars through UMABILLS versus anywhere else, you receive additional yield since we reward you a greater percentage of our developer liquidity mining rewards (70% versus uLabs' 50%).

How is this different from UMA's Yield Dollars?

UMABillS, to start, are fundamentally built atop UMA's Yield Dollars.


Currently, UMABILLS is a DApp that interfaces directly with the Yield Dollar contracts. Rewards that we receive as a result of the UMA DApp Mining Rewards program are then split 50% to you, the user. Thus, you earn greater rewards interfacing with the Yield Dollar contracts through UMABILLS, rather than anywhere else.


In addition, UMABILLS also offers the Yield Dollar (wETH, Sept), Yield Dollar (wETH, Dec), Yield Dollar (renBTC, Sept), and Yield Dollar (renBTC, Dec) contracts, which entitle you to greater yield with our increased cutback of developer liquidity mining rewards.

When are rewards paid out?

Rewards are paid out in a weekly cadence, usually under 24 hours after the uLabs team distributes rewards to our contracts.

;