Stake BRIDGE tokens. Earn 70% of protocol incentive fees collected.
Reward Pools on the Cross-Chain Bridge distribute the majority of protocol incentive or bridging fees to BRIDGE owners. 70% of the fees collected from bridgings in a specific token are sent to the corresponding Reward Pool. BRIDGE can be acquired from a supported DEX. Unlike Liquidity Mining no LP token is required.
BRIDGE holders can choose the token they would like to be rewarded in - as they can stake their BRIDGE in any Reward Pool (no LP token required). As an example: you can stake your BRIDGE tokens into the Ethereum USDT Reward Pool to start earning a share of the 70% protocol incentive or bridging fees when USDT is bridged to the Ethereum Network.
IMPORTANT: Reward Pools have a 7-day staking period to allow for fair reward distribution. If staked BRIDGE is withdrawn before the 7-day period 30% of the withdrawal amount will be charged as a fee, 100% of the fee will be burned. Following the 7-day period, the withdrawal fee will be reduced to 1%.
The rewards per user will be determined by a) the collected protocol incentive or bridging fees, respectively (and thus the bridging volume in the asset of the Reward Pool), and b) the share of the pool - which is:
Reward Pool Share =User Amount of BRIDGE Tokens in Pool / Total Amount of BRIDGE Tokens in Pool
The APR of Reward Pools shown on the website is an estimate and average calculated by using the current staking amount and bridgings from the last 7 days (except for the initial days after a new token listing when no 7-day history is available. In this case, the longest available period between 24 hours and 7 days is taken). The actual Rewards depend on the amount staked as well as the size & amount of bridgings that occur in the future. The greater the amount staked and the size & amount of bridgings, the higher the collected protocol incentive or bridging fees, meaning the higher the rewards. The fees dedicated to Reward Pools will be randomly sent roughly once per day (if a transaction occurs).
Most new assets that get self-listed (or whitelisted by the team) generate a Reward Pool.