Pickle Finance

Dec 3, 2021

4 min read

Pickle Finance launches on Moonriver

Pickle <> Moonriver #NFT airdrop

We’re delighted to announce that today we add Moonriver to our multi-chain Jar roster!

Number of Jars by chain as of December 3rd 2021

Pickle <> Moonriver launch incentives!

  1. Firstly, the amazing NFT (shown at the beginning of this article) designed by fennec will be airdropped to 20 users . You can see more of fennec’s NFTs on the official Pickle Finance NFT collection!
  2. Secondly, 10 users will receive an airdrop of 10x SOLAR (value at time of writing $82.3 each, $823 total)
  3. And last but not least, 5 users will receive an airdrop of 1 MOVR (value at time of writing $308 each, $1,540 total)

Moonriver starting Jar roster

  1. AVAX/MOVR
  2. BNB/BUSD
  3. BNB/MOVR
  4. BUSD/USDC
  5. DAI/USDC
  6. ETH/MOVR
  7. ETH/USDC
  8. FRAX/MOVR
  9. MIM/MOVR
  10. MIM/USDC
  11. MOVR/RELAY
  12. MOVR/RIB
  13. MOVR/USDC
  14. PETS/MOVR
  15. SOLAR/MOVR
  16. SOLAR/USDC
  17. USDT/USDC
  18. WBTC/USDC

The benefits of using Pickle Finance

  1. Saves time — to autocompound an LP position takes at least 5 transactions (more for the first which includes approvals). With a hardware wallet (which we’d recommend anyone in DEFI utilises) that’s a lot of clicks!
  2. Saves gas — yes gas fees are much lower on side-chains, but even they can add up if you are compounding a position daily. If a Moonriver tx costs $0.30 that’s more than $500 over the course of a year.
  3. Compounding an LP position also helps continuously ‘rebalance’ your position — if the value of the pair becomes imbalanced, regularly compounding effectively helps you to ‘buy the dip’ if a token falls in price or vice-versa if it gains.
  4. And of course, compounding positions can create huge gains in value compared to a static APR. Through the power of auto-compounding you are almost guaranteed to outperform managing your own position, unless you have a lot of time on your hands and enjoy paying for the gas. Pickle automates that so you can spend more doing things you enjoy while we maximize your yield returns. Einstein himself recognized the huge power of compounding positions …

Pickle’s Moonriver fee structure

  • 0% deposit fee
  • 0% withdrawal fee
  • 10% performance fee
As an example — if you deposit MIM-MOVR LP into this Jar, you would get the equivalent of 385.25% APY returns. This is higher than you get directly on Solarbeam yourself because of the power of auto-compounding, which Pickle handles automatically and regularly on your behalf!

How to get started

See you on the moonlit river 💚