Liquidity Farming
Provide liquidity to a caliber pool and earn AMMO — equal-weight emissions across every active caliber.
Liquidity providers earn AMMO, the protocol token, by staking their caliber-pool LP into the AmmoMarkets farm. Every active caliber earns the same share of emissions — TVL and staker count don't change the split.
Equal Weight, by Caliber
This is the design choice that shapes everything else. Most farms reward whichever pool has the most money in it. AmmoMarkets doesn't.
- Every caliber with at least one liquidity provider receives an identical slice of the daily emissions.
- Inside a caliber, your share of that slice is proportional to your LP in that caliber.
- The split adjusts in real time. The moment a new caliber comes online and attracts its first LP, every other caliber's slice gets divided again.
The practical effect: the best yield comes from being a meaningful LP in an under-staked caliber. A brand-new caliber with one LP earns the same total AMMO as the deepest, most popular caliber on the protocol — so early LPs there capture outsized rewards until others arrive. Headline yields converge as more calibers go live.
This design is deliberate. We want liquidity to spread across the full range of ammunition we offer, not concentrate in whichever caliber happened to launch first. A flat split is the cleanest way to align rewards with that goal.
Emission Curve
Farming runs for two years on a linearly decaying curve.
- Day one: roughly 1,000,000 AMMO per day across all active calibers combined.
- Final day: zero.
- Total program: approximately 365M AMMO over the full two years.
- Front-loaded: about 75% of all rewards are paid out in year 1, the remaining 25% in year 2.
The clock starts on the first deposit into any caliber pool, not at protocol launch. Until someone stakes, the program hasn't begun and no emissions accrue.
How to Think About It
| If you're optimizing for... | Pick the caliber where... |
|---|---|
| Highest APR on a fixed LP size | Total staked LP is smallest |
| Bootstrap rewards | A new caliber has just opened |
| Lowest impermanent-loss variance | Underlying DEX pair has the deepest reserves |
There is no lock-up. You can withdraw your LP at any time, and rewards accrue continuously while you're staked.
What You're Earning
AMMO is the AmmoMarkets protocol token. It accrues live while you're staked and lands in your wallet when you harvest — and on every deposit or withdrawal, which harvest automatically. From there, AMMO behaves like any standard token: hold it, sell it, or LP it.
A Few Things to Keep in Mind
- AMMO rewards are separate from your LP. Harvesting doesn't touch your liquidity position; it only mints fresh AMMO to your wallet.
- Impermanent loss still applies on the underlying DEX pair. Farming rewards offset it but don't eliminate it.
- Yields move with the pool roster. Adding a new caliber pool dilutes every existing pool's slice immediately. This is normal and expected.