CAR-USDC-MAR21 is a synthetic future, built on UMA, allowing you to hedge on the APR borrow-rates for USDC from Compound. On March 28th, the token resolves to March's average borrowing rate.
You can use CAR tokens to hedge or speculate on interest rates. If you'd like a near perfect hedge, buy or mint $X USD worth of CAR tokens where X is the amount you expect to pay or earn in interest during march.
The first $100,000 worth of liquidity miners will earn all of my UMA developer mining rewards for the lifetime of CAR-USDC-MAR21. I expect this is somewhere around 100% APY although I can't be sure.
There may or may not be an NFT airdropped to your address that guarantees this benefit on liquidity provided to future Tendies Exchange projects. If such an NFT were to theoretically come into existance, it would have a reference to the amount of liquidity you provided in this alpha program. It would also be transferable/sellable.
Eligibility Steps: