Earn yields minting UMABILLS.
These rewards reflect estimates for yields earned by minting and LPing for Yield Dollar (wETH, Jun) and Yield Dollar (renBTC, Jun).
To earn the advertised yield, you must follow just two simple steps:
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.
Yield Dollar (wETH, Dec) and 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%).
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, Dec) and Yield Dollar (renBTC, Dec) contracts, which entitle you to greater yield with our increased cutback of developer liquidity mining rewards.
Rewards are paid out in a weekly cadence, usually under 24 hours after the uLabs team distributes rewards to our contracts.