Borrowing Assets Against LP Token Competition
Rewards：
According to the ranking of the total net yield rate within ten days, the top three rewards are as follows:
The First Prize：0.5SOL+5000LARIX
The Second Prize：0.2SOL+2000LARIX
The Third Prize：0.1SOL+1000LARIX
Event details:
1. Maximize net yield by using LP lending function on Larix.
2. Submit (Dashboard page) the screenshot of the initial deposit balance, and the screenshot of the maximum net yield rate (submit it on the Discord#LP Lending Contest channel, or submit it to the administrator), and the corresponding wallet address.
3. Total Net Yield Rate = Net Yield Rate* Deposit Balance / Initial Deposit Balance
(For example, the initial LP you deposited is 10U. After borrowing against your LP and pair new LP, and supply your LP again to borrow more tokens, by repeating this process, when it is close to 95% of the borrowing limit, the home page shows the deposit balance is 25U, and the net yield rate is 70%, then the total net yield rate is 70% * 25/10 = 175%)
4. You can submit screenshots multiple times, and the final result will be counted based on the screenshot with the highest total net profit.
Event Time：
17/1 10:00–27/1 10:00 UTC
Attachment：
Tutorial on borrowing assets against LP tokens：
https://projectlarix.medium.com/a-quick-start-guide-borrowing-assets-against-lp-tokens-20b1e668e7b6
How to maximize your Raydium LP yields：
https://projectlarix.medium.com/how-to-maximize-your-raydium-lp-yields-8e4737a36de4
Video tutorial on how to maximize your Raydium LP mining rewards with Larix
