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https://github.com/masaun/GLM-stake-pool
Yield farming opportunity for Golem's GLM token holders. (By staking uniswap-LP tokens that is a pair between GLM and ETH into the stake pool)
https://github.com/masaun/GLM-stake-pool
defi golem solidity truffle web3js yield-farms
Last synced: about 1 month ago
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Yield farming opportunity for Golem's GLM token holders. (By staking uniswap-LP tokens that is a pair between GLM and ETH into the stake pool)
- Host: GitHub
- URL: https://github.com/masaun/GLM-stake-pool
- Owner: masaun
- License: gpl-3.0
- Created: 2020-12-19T01:17:49.000Z (about 4 years ago)
- Default Branch: master
- Last Pushed: 2021-01-19T14:45:19.000Z (almost 4 years ago)
- Last Synced: 2024-10-30T01:59:00.309Z (about 2 months ago)
- Topics: defi, golem, solidity, truffle, web3js, yield-farms
- Language: Solidity
- Homepage:
- Size: 313 KB
- Stars: 11
- Watchers: 3
- Forks: 6
- Open Issues: 0
-
Metadata Files:
- Readme: README.md
- License: LICENSE
Awesome Lists containing this project
- awesome-golem - Golem Staking Pool incentivize system for GLM holders - A smart contract in order to provide the opportunity of yield farming for GLM token holders. (Archive / Apps)
README
# GLM Stake Pool
***
## 【Introduction of GLM Stake Pool】
- This is a smart contract in order to provide the opportunity of yield farming for Golem's GLM token holders. (By staking uniswap-LP tokens that is a pair between GLM and ETH into the stake pool)
***
## 【Workflow】
- ① Create UniswapV2-Pool between GLM token and ETH. (Add Liquidity)
- ② Create UNI-V2 LP tokens (GLM-ETH).
- ③ Stake UNI-V2 LP tokens (GLM-ETH) into the GLM stake pool contract.
- ④ Smart contract (the GLM stake pool contract) automatically generate rewards every week.
- The `Golem Governance Token (GGC)` is generated as rewards.
- Current formula of generating rewards is that:
- 10% of staked UNI-V2 LP tokens (GLM-ETH) amount in a week is generated each week.
- Staker can receive rewards ( `Golem Governance Token` ) depends on their `share of pool` when they claim rewards.
- ⑤ Claim rewards and distributes rewards into claimed-staker.
(or, Un-Stake UNI-V2 LP tokens. At that time, claiming rewards will be executed at the same time)
- Diagram of workflow.
***
## 【Technical Stack】
- Solidity (Solc): v0.5.16
- Truffle: v5.1.60
- web3.js: v1.2.9
- Node.js: v11.15.0
- Libraries
- @openzeppelin/contracts: v2.5.1
etc,...
***
## 【Setup】
### ① Install modules
```
$ npm install
```
### ② Add `.env` to the root directory.
- Please reference `.env.example` to create `.env`
### ③ Compile & migrate contracts (on Rinkeby testnet)
```
$ npm run migrate:local
```
### ④ Test (Mainnet-fork approach with Ganache-CLI)
```
$ ganache-cli --fork https://mainnet.infura.io/v3/{YOUR INFURA KEY}
```
(Ref：https://medium.com/@samajammin/how-to-interact-with-ethereums-mainnet-in-a-development-environment-with-ganache-3d8649df0876 ）
(Current block number @ mainnet: https://etherscan.io/blocks )
Then,
- All of tests
```
$ npm run test
```
- Only test of the Stake Pool contract
```
$ npm run test:stake
```
***
## 【Remaining tasks and next steps】
- Replace GLMMockToken contract (GLMMockToken.sol) with official GLM token contract (NewGolemNetworkToken.sol).
- Additional implementation of GLM stake pool between GLM-ERC20. (Currently, this is in progress)
- Additional implementation of the Golem Governance Token (GGC) and governance structures (e.g. Community voting function by GLM token holders)
- Add liquidity pool of the Golem Governance Token (GGC).
- Implement the front-end (UI).
***
## 【References】
- Golem
- GLM contract
https://github.com/golemfactory/gnt2/tree/master/gnt2-contracts/src/contracts/GNT2
- ERC20 token migration（GNT -> GLM)
https://blog.golemproject.net/glmupdate/
- GLM Migration Tracker
https://glm.golem.network/
- Golem Hackathon resources
https://github.com/golemfactory/hackathons
- Awesome Golem
https://github.com/golemfactory/awesome-golem
- Doc
https://handbook.golem.network/introduction/golem-overview#golem-architecture
- Golem Network Hackathon
https://gitcoin.co/issue/golemfactory/hackathons/4/100024409
- Test (Mainnet-fork approach with Ganache-CLI and Infura)
https://medium.com/@samajammin/how-to-interact-with-ethereums-mainnet-in-a-development-environment-with-ganache-3d8649df0876
(Current block number @ mainnet: https://etherscan.io/blocks )