Aark New Token Mining Unveil
Aarkadians,
You have shown unwavering support since the first Token Mining season in October 2023. As a result, we have finally achieved a great milestone — a $29B cumulative volume.
But this is just the beginning.
Even after TGE, Aark will continue its journey to lead the forefront of Perps 2.0 and ultimately become a cornerstone of DeFi mass adoption by bridging the gap between Web 2.0 and Web 3.0.
Thanks to DeFi visionaries in Arbitrum, our vision resonated within the ecosystem and was approved for a $ARB grant as part of Arbitrum’s LTIPP program.
Therefore, we proudly present to you today, Token Mining Phase 2 and $ARB Incentive Program!
Now, let us explore your one and only Dual Mining chance, presented by Aark.
Token Mining Phase 2
Epoch
Each epoch equals a week. Every epoch starts and renews at 00:00 UTC every Wednesday.
Reward Policy
You will earn esAARK every epoch based on your share of the total trading volume generated from Classic Mode and Moon Mode. Your rewards will be calculated and finalized every Wednesday at 00:00 UTC.
As we embark on Token Mining Phase 2, we want to recognize and reward our most loyal users. The rewards will be based on your level of support and commitment. To be eligible for rewards, you must generate trading volumes over $100,000 within an epoch (including volumes from Classic Mode and Moon Mode).
esAARK(Escrowed AARK) can be used in two ways. The first is that it can be staked to earn rewards on a 1:1 basis with the standard $AARK. The second is that it can be vested for $AARK. During this period, esAARK will be converted into $AARK pro-rata per-block basis. esAARK is non-transferrable.
Reward Allocation per Classic/Moon Mode:
- Classic Mode: 1,212,000 esAARK/week
- Moon Mode: 475,000 esAARK/week
$ARB Incentive Program
Epoch
Each epoch equals a week. Every epoch starts and renews at 00:00 UTC every Wednesday.
Duration
The program is scheduled for 12 epochs, starting on June 5th, 2024 at 00:00 UTC and concluding on August 27th, 2024 at 00:00 UTC.
Reward Policy
You will earn $ARB every epoch based on your share of the total trading volume generated only from Classic Mode. Your rewards will be finalized and claimable every Wednesday at 00:00 UTC.
The main objective of the ARB Incentive Program is to reward traders who actively trade on Aark. To be eligible for rewards, traders must generate a trading volume of over $100,000 within an epoch(including volumes from Classic Mode and Moon Mode).
*Important Note: Any $ARB you earn within an epoch must be claimed before the next epoch ends. Any unclaimed $ARB at the end of the current epoch will be reallocated to the reward pool for the epoch that comes after the next epoch.
Reward Allocation
- 37,500 ARB/week only to Classic Mode.
Weekly Bonus
Traders who make larger volumes than the minimum threshold($100,000/week) within an epoch will be qualified for a Weekly Bonus, equivalent to a 10% volume bonus, for calculating reward allocation in the next epoch.
For example, if you qualified for the Weekly Bonus in the previous epoch and achieved a $200,000 trading volume in the current epoch, your volume counted for reward calculation in the current epoch would be $220,000.
*Important Note:
- The maximum cumulative Weekly Bonus you can acquire is up to 50%.
- If you fail to meet the minimum threshold in any epoch, your bonus will be deducted by 20%.
How to Participate
- Go to the Perpetuals page.
- Choose between Classic Mode or Moon Mode based on your strategy and preference for certain types of assets
- Generate trading volumes by opening a new long or short position or closing your current position.
- Your reward allocation is based on your trading volumes relative to the total volume generated within an epoch. Therefore, your claimable amount of rewards may fluctuate before an epoch ends.
- Generate over $100,000 trading volume within an epoch to earn esAARK or $ARB.
- You can check your trading volume and rewards status from the Rewards page.
Rewards Page
Your Rewards
- Claimable indicates rewards you earned in the current epoch. The amount will constantly change as more traders participate before each epoch is over. *Important Note: If you do not claim ARB rewards before the epoch ends, any unclaimed amount will be added to the reward pool in the next epoch.
- Total Claimed indicates the cumulative rewards you have earned and claimed from the previous epochs.
Reward Allocation
Weekly Bonus
- This section will display your bonus status for the current and previous epochs.
- On the right side, it will indicate “Trade More” if you lack volumes to meet the minimum threshold of $100,000.
Classic Mode / Moon Mode
- Total Trading Volume equals the real-time volume generated by all participants in the epoch.
- Your Trading Volume represents your current trading volumes in the epoch.
- Your Est. Rewards represents the total rewards earned from each mode in the current epoch.
- Home: https://aark.digital
- Twitter: https://twitter.com/aark_digital
- Discord: https://discord.gg/aarkdigital
- Docs: https://aark-digital.gitbook.io
