Stake to Reward
Stake for rewards option.
Similar to the bug bounty/community rewards could we implement a stake for reward type initiative where holders could stake ABT and be entered into draws to win either ABT on a monthly or weekly basis from the community wallet or could enter draws to win other things like free use of services, NFTs etc.
This would support Arcblock NFT artists, encourage the use of the wider Arcblock eco system, and also encourage long term holding of ABT as a staked asset by incentivising users to keep their ABT staked as it would earn them tickets or tokens to enter different draws.
For example, stake 100ABT get 10 entries a month, each month new prizes could be offered and users could offset their entry tickets to whatever prizes they wanted or continue to collect entries to use at a later date meaning people can chose whatever they are interested in to enter. (See example image below)
I think this would also be great to encourage wider adoption and growth with the NFT side of the ArcBlock ecosystem too as it supports the growth of ABT native projects if some of the community funds were used to purchase the NFTs to be used as prizes etc
9 replies
Great idea!
how to stake my ABT Please? where... i have already staked my eth, icp, atom, aerodome, etc
I think currently there is the opportunity to participate in node staking (30,000ABT min to my knowledge) other than that the only other stake option is for gas free transactions (1ABT stake) have you bridged your ABT to mainnet? if you let me know which “staking“ you were interested in doing I can try to help guide you, some of the other community guys are more knowledgeable in the node staking side of things but I can certainly point you in the right direction with tutorials they have created etc. with regard to the stake for rewards currently it’s just an idea I had that I put forward as a proposal to the team so nothing I’m aware of is yet implemented like that. would be great if they did look into it though especially for anyone with less that the minimum node requirement amount of ABT to add some perks for staking a lesser amount 🙌🏼
did you manage to find the option you were looking for? 👀
stake 100ABT get 10 entries a month, each month new prizes could be offered
Sounds good 👌
🔥🔥🔥
Any update from the team if this could be implemented at some point in the future? Or something similar?
For our staking design and use cases please check out
👀