SUBFROST Launches PERMAFROST Season 1, Distributing FUEL Governance Tokens
DeFi protocol SUBFROST has launched its PERMAFROST Season 1 farming campaign, aimed at distributing FUEL governance tokens to users who provide liquidity to its Bitcoin-dollar market.
The campaign centers on frBTC/frUSD liquidity and rewards participants with cBTCUSD. Users can farm their position to build weight toward FUEL distribution, and those who bond FIRE worth up to 4% of the farm's value can increase their multiplier by up to 1.5 times.
However, there is a catch: the final percentage of FUEL supply allocated to Season 1 has not been disclosed, and complete FUEL tokenomics remain unpublished. SUBFROST warns users that earning FUEL is subject to a 180-day vesting period, so farmers should not expect their full allocation to become liquid immediately.
It's worth noting that SUBFROST operates its existing FIRE rewards program for DIESEL/frBTC liquidity providers separately from PERMAFROST. This means users can choose which campaign to participate in, but should be aware of the different requirements and risks involved.