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Maximizing Epoch Rewards
Learn about the new incentive model for holding DRIP in your wallet.
What could this new curved distribution chart mean for users of the DripDropz platform? More rewards for our biggest fans. Let’s dive into the details.
How this started
Just over 1 year ago, the DripDropz community voted for a one year staking reward with a 10% APY. In order to receive the 10% DRIP bonus, all you had to do was have the DRIP in your wallet, and the extra DRIP reward for holding was added to each claim. We have officially delivered that full year of staking rewards. Many users took full advantage of this “proof of hold” program and their DRIP collection has grown because of it!
Now that over 1.5 Billion DRIP is in circulation, and because we are a top 5 transacted token on the Cardano blockchain, it is time to help our hodlers see an even better reward for keeping DRIP in their wallets.
Our new Distribution curve algorithm is an advancement on our previous work. Now instead of having a single parameter (ADA amount in Wallet) to determine rewards, we now have the ability to track ADA, A definable native asset (DRIP), and the amount of time you have spent staked at a specified (Droperators) stake pool.
Here is the distribution chart for VyFi:
Our new model represents a shift towards rewarding long term participants in the space who choose to stake with the Droperator Pool Community. You guys have been loyal, regular drippers through a tough bear market, and we want to make sure that you have the best bang for your epoch Drip!
The maximum bonus rewards available per epoch is 10 Wingriders WRT tokens and 3 VyFi tokens, in addition to your DRIP. These rewards are subject to change, but we think they’re a great incentive for this round. This is an awesome opportunity to stack some really great community project tokens!
How to Participate
The rules are simple. As always, this reward is first come, first served, and while supplies last, so act quickly at the beginning of each epoch. Keep a minimum of 300 ADA in your wallet. Stake to any of the Droperator pools. Keep any amount of the DRIP token up to 1 Million DRIP in your wallet, and stay staked in your chosen stake pool. The reward curve will grow just like you see in the charts. If you’re already in a Droperator pool, great! You’ll start out with the epoch reward equal to the number of epochs you have been staked at your current pool.
This program will begin on 24 June 2023 at the start of epoch 420. There is no day like today to get started on building towards your maximum epoch rewards.
What About my Token?
If you would like to add your token to the Droperator reward pool, or if you would like to take advantage of our more advanced token distribution rules, grab a spot on our sales calendar and we will discuss the details.
The Cardano community is the greatest Web3 community on the Planet, and the DripDropz fam is the best, most loyal around. We appreciate all of you who have stuck with us as we build in a bear. We hope you really enjoy the new reward structure and stack some serious community tokens for the bright future ahead.