Skyren DAO Reward Boost
Last updated
Last updated
The Skyren DAO Boost is a carefully crafted reward mechanism that aims to encourage and incentivize users for their active support of the Skyren ecosystem. This system is designed to ensure that all participants are valued and rewarded for their contributions. Here’s a detailed look at how it functions:
Overview
Before any DAO rewards are distributed, the Skyren DAO retains a portion of the total rewards. Specifically, it holds back 10% of all liquid reward tokens and any project airdropped rewards. This reserved amount is specifically set aside for participants in the DAO Boost program. The rewards from the DAO Boost are then allocated among three primary groups of participants: Liquidity Providers, Token Stakers, and DAO Contributors. This structured approach ensures that each group is recognized for their unique contributions to the ecosystem.
Skyren DAO Boost rewards are distributed in addition to regular DAO rewards, enabling users to compound their earnings.
Eligibility: Users who actively provide liquidity to the SKYRN trading pool are eligible for rewards.
Rewards:
These users earn trading fee rewards, which are a direct benefit of their liquidity provision.
Additionally, they become eligible for a Skyren DAO Boost, which enhances their overall earnings.
Distribution:
A total of 25% of all rewards generated by the Skyren DAO Boost is specifically allocated to liquidity providers.
The distribution of these rewards is proportional to the amount of liquidity each provider contributes.
Example: If Jane provides 50% of the total liquidity in the pool, she will receive 50% of the DAO Boost rewards that are designated for liquidity providers. This means that her contribution directly impacts her reward, encouraging more users to provide liquidity.
Eligibility: Users who stake their SKYRN tokens in approved staking pools qualify for rewards.
Rewards:
Token Stakers receive traditional staking rewards, which are a common incentive in many blockchain ecosystems.
They are also eligible for a Skyren DAO Boost, which adds an extra layer of reward to their staking efforts.
Distribution:
Similar to liquidity providers, 25% of all rewards generated by the Skyren DAO Boost are allocated to Token Stakers.
The rewards are distributed based on the amount of SKYRN tokens that each user has staked.
Example: If Jane stakes 50% of the total staked tokens in the pool, she will receive 50% of the DAO Boost rewards allocated to Token Stakers. This proportional distribution encourages users to stake more tokens, thereby enhancing the overall health of the ecosystem.
Eligibility: Trusted members of the Skyren community who have a proven track record, hold a Contributor Key NFT, and fulfill the other two DAO Boost tasks are eligible.
Rewards:
DAO contributors receive a significant portion, specifically 50% of all rewards retained by the Skyren DAO Boost.
Distribution:
The rewards for DAO contributors are shared equally among all contributors, ensuring fairness in the distribution process.
Example: If Jane is one of ten DAO contributors, she will receive 10% of the total rewards allocated to DAO Contributors. This equal sharing fosters a sense of community and collaboration among contributors.
Liquidity Providers: They share 25% of Skyren DAO Boost rewards based on the liquidity they provide to the trading pool.
Stakers: They share 25% of the Skyren DAO Boost rewards based on the amount of tokens they have staked in approved pools.
DAO Contributors: They share 50% of the Skyren DAO Boost rewards equally among all contributors, promoting teamwork and community spirit.
This reward structure is designed to ensure that all participants who actively support the Skyren ecosystem—whether through providing liquidity, staking tokens, or contributing to the community—are lucratively incentivized. By recognizing and rewarding these efforts, the Skyren DAO Boost fosters a thriving and engaged community, ultimately benefiting the entire ecosystem.
