The Avalanche Moats is live on The Arena!
Users can stake, lock, or burn their
$ARENA without having to leave the app.
This will mark the start of V2 staking. The Arena Champions Leaderboard will be unified across all chains and will include the top 500 Moats Points earners.
Rewards for Champions may include:
-
$ARENA yield
- Moats points for upcoming Moats airdrop
- 2.5% of the total supply of bonded tokens from the Launchpad
- A portion of platform revenue in the form of stablecoins (still to come)
- A portion of DeFi yield generated in the form of stablecoins (still to come)
- Potential ecosystem rewards, whitelists, and airdrops
If youβd like to interact with the Moats App directly, follow the link below:
https://pro.moats.app/moat/avalanche/0x42f33a4f98bc5ba0af733c624683580a013d1c80
The key difference is that points are no longer earned by the amount of
$ARENA staked as a function of time.
Rather, Champion status is ranked by the number of Moats points which are earned in a gamified way:
- Stake
$ARENA = 1x multiplier
- Lock
$ARENA = 2x - 5x multiplier
- Burn
$ARENA = 10x multiplier
For any users that have already staked on the Robinhood Moats and want to migrate to Avalanche, simply unstake, bridge to Avalanche, and restake.
We will be reimbursing all of these users by airdropping them the
$ARENA tokens that were lost by unstaking. The key criteria is that these users must redeploy into the new Moats in order to qualify.
The old V1 Arena staking system will be deprecated over the coming weeks so make sure to enter into a Moat if youβd like to continue staking. We are excited by the opportunities offered from our V2 staking system in partnership with Moats.
Please read more on Moats App below:
Moats give users three ways to participate: stake, lock, or burn tokens. Staking provides flexible participation with a 1x Moat Point multiplier, while locking tokens for longer periods provides higher multipliers of 2x to 5x. Burning permanently removes tokens from circulation and provides the highest multiplier at 10x.
Moat Points measure a user's participation and determine their share of rewards within each Moat. Points are calculated from the amount staked, locked, or burned and their respective multipliers, with the resulting value normalized for the Moat. The more Moat Points a user holds relative to the total, the larger their share of that Moat's rewards.
