Rebeca Moen
January 29, 2025 02:33
WORMHOLE has announced the reward distribution of the first period of the SRP (Stacking Rewards Program) and has been assigned to the eligible holder with more than 50 million W tokens.
WORMHOLE officially launched a reward distribution for the first period of the Starking Rewards Program (SRP) and provided significant incentives to the initial token holders. According to WORMHOLE, more than 50 million W tokens have been assigned to more than 58,000 qualifications.
Qualification and compensation calculation
SRP period 1 rewards those who collected W tokens for Governance of EVM chain and solana between June 10, 2024, and the snapshot date of January 8, 2025. Eligible participants can claim compensation through W Dashboard and all rewards can be invested linearly. More than 90 days.
In order to qualify, the EVM chain user must delegate the address that is not the null address during the compensation period and generates at least 25,000 w. For example, if you have 1,000W for 100 days, it will be 100,000 wx. The reward is calculated according to the number of days multiplied by the user’s W balance, and there are additional bonuses for those who claim to play the role of inconsistent steak.
Solana Staying and Sybil Relaxation
You can get a reward if you maintain a balance of at least 100 W using the specified program from December 4, 2024 to the snapshot date. The reward framework provides fixed and linear, reflecting the balance of the EVM chain. Reward based on XX work.
In order to solve potential SYBIL attacks, WORMHOLE conducted an investigation to identify and merge sybil activities, reducing certain compensation 40-80% for the large addresses. This approach ensures meaningful distribution for true participants.
The future of Staying Reward Program
The SRP aims to promote long -term promises and contributions to the wormhole ecosystem. The program continues to expand as about 880 million W tokens are overturned for community incentives. Participants can expect benefits such as participation in governance, exclusive incentives and approaches to new wormhole products.
The SRP reward period 2 has already begun and encourages W holders to actively participate with wormhole DAO, which helps to form the future of major interoperable platforms.
About the wormhole
WORMHOLE is a pioneer interoperable platform that promotes multi -toothed applications and crosses more than 30 blockchain networks. WORMHOLE, trusted by notable teams such as Circle and Uniswap, has transferred more than $ 50 billion through more than 1 billion cross chain messages to support various use of Defi, NFT and governance.
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