Router’s StakeDrop Campaign: Celebrating Success & Introducing Season TWO!
We are thrilled to announce the start of StakeDrop Season 2, building on the outstanding success of Season 0 & 1, where our community’s commitment and participation helped shape the future of cross-chain abstraction and interoperability.
Start Now: https://hub.routerprotocol.com/stakedrop
A Look Back at Season 0 and Season 1
The first StakeDrop campaign to celebrate Router Chain’s mainnet launch exceeded expectations with two exciting reward periods: Season 0 and Season 1. The numbers reveal a strong community response and growing confidence in the protocol.
Here’s a brief breakdown of the key metrics:
NOTE: 333.3 million staked from Router Foundation have been excluded from all calculations and rewards.
The standout feature of the campaign was the 2% compounding loyalty bonus, which incentivized participants to stake for more extended periods, resulting in higher engagement and impressive staking volumes. The jump in staked $ROUTE and DROPs distribution from Season 0 to Season 1 shows how the campaign grew in impact, with more stakers joining and enjoying substantial rewards.
Two Important Updates for Season 0 & 1 Participants:
Automatic Reward Distribution:
The rewards from Season 0 and Season 1 will be directly distributed to participants’ wallets, without needing to manually claim anything. Rewards for both seasons will be distributed within a week from October 24 (on or before October 31), ensuring a seamless experience for our loyal stakers.
No Additional Steps for Season 2:
If you were a part of Season 1, there is no action required to continue participating in Season 2. Your rewards calculation has already started automatically, and you’ll continue earning DROPS and rewards without needing to restake or re-register.
Let’s dive into the details of Season 2!
Announcing StakeDrop Season 2
With the success of the previous campaign behind us, we’re excited to announce StakeDrop Season 2 with a reward pool of 3,333,000 $ROUTE for participants to stake, earn, and contribute to the future of Web3.
PS: DROPS earned in Season 2 will be added to your total DROPS from Season 0 and Season 1, determining your share of the ecosystem rewards pool.
Recap of How StakeDrop Works
For those new to the campaign or wanting a refresher, here’s how the StakeDrop works:
1. Stake $ROUTE to Earn DROPS
- For every 100 $ROUTE you stake, you earn 1 DROP per day.
- The more you stake and the longer you leave it staked, the more DROPS you’ll accumulate.
2. Enjoy a 2% Daily Compounding Loyalty Bonus
- Your DROPS grows by 2% daily if you do not withdraw any of your staked tokens. This bonus compounds each day, creating exponential growth in your DROPS.
Here’s an example:
- Stake 100 $ROUTE on Day 1. You’ll earn 1 DROP.
- On Day 2, you’ll earn 1 DROP plus a 2% bonus on the previously earned DROPS, giving you 1.02 DROPS.
- By Day 3, you’ll have 2.02 DROPS, and the compounding bonus continues to grow daily.
Check out the entire calculation for 84 days here (it shows the staking boost for a user who stakes 100 $ROUTE for 84 days) — https://docs.google.com/spreadsheets/d/1X1QydPDLP5uv6mCbDhgl9RQp8mK8wx7ZTWzTEZGTWJk/edit?gid=0#gid=0
Loyalty Bonus Reset
- With the start of Season 2, the loyalty bonus will be reset on October 25 and will restart from zero. Both new and existing users have an equal opportunity to benefit from the compounding effect.
Important Notes on Withdrawals
While staking provides substantial rewards, withdrawing your tokens will affect your bonus:
- If you withdraw any $ROUTE during the staking period, your loyalty bonus will reset for the remaining tokens.
- You will receive the compounded bonus up to the day of withdrawal, but the bonus calculation will restart from Day 1 for any remaining staked tokens.
Example: If you stake 100 $ROUTE for 30 days and withdraw on Day 31, you’ll receive the compounded bonus for the first 30 days. However, any remaining staked tokens will reset, and the bonus calculation starts from zero again.
Conclusion
The success of StakeDrop Season 0 and Season 1 has laid a solid foundation for what’s to come. With increased staker participation, larger rewards, and the seamless integration of loyalty bonuses, the community has demonstrated its belief in Router Chain’s vision of a chain-abstracted Web3 future.
Whether you’re a seasoned participant or a newcomer ready to dive in, StakeDrop Season 2 promises exciting opportunities for everyone.
So gear up, stake your tokens, and watch your rewards multiply. Let’s make Season 2 another milestone in Router’s journey!!
