Router’s StakeDrop: Celebrating Success & Season Two

 


We are excited to announce the launch of StakeDrop Season 2, building on the tremendous success of Seasons 0 and 1. These earlier seasons were pivotal in shaping the future of cross-chain bridges and enhancing interoperability across different blockchains. The active participation of our community has played a crucial role in making this vision a reality.

Reflecting on StakeDrop Season 0 and Season 1

The inaugural StakeDrop campaign marked the official launch of Router Chain's mainnet and exceeded expectations. The campaign was divided into two rewarding periods: Season 1. These seasons highlighted the growing support for the Router Chain protocol, which has been recognized for its potential in transforming layer 1 networks.

Here’s a quick overview of key metrics:

Note: The 333.3 million $ROUTE staked by Router Foundation has been excluded from the reward calculations.

One standout feature of the campaign was the 2% daily compounding loyalty bonus. This incentive encouraged participants to stake for longer periods, best cross chain bridge crypto increasing engagement and driving impressive staking volumes. The growth in $ROUTE staked and the distribution of DROPs from Season 1 demonstrates the increasing success of the campaign as more participants joined and earned rewards.

Key Updates for Season 0 & 1 Participants:

  • Automatic Reward Distribution: No need for participants to manually claim rewards from Season 0 and 1. Rewards will be automatically distributed to your wallets, ensuring a smooth experience.

  • No Additional Steps for Season 2: If you participated in Season 1, you don’t need to take any action to join Season 2. Your rewards calculation has already started automatically, and you’ll continue earning DROPS without needing to restake or re-register.

Introducing StakeDrop Season 2

Building on the momentum of the previous seasons, we are thrilled to announce the start of StakeDrop Season 2, which features a reward pool of 3,333,000 $ROUTE for participants to stake and earn rewards. This season continues to contribute to the growth of Web3 and the evolution of DeFi apps.

Important Note: DROPS earned in Season 2 will be added to the totals from Season 0 and Season 1, which will help determine your share of the ecosystem rewards pool.

How StakeDrop Works

For newcomers or those who need a refresher, defi apps here’s a quick recap of how the StakeDrop campaign 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 will accumulate.

  2. Enjoy a 2% Daily Compounding Loyalty Bonus
    Your DROPS grow by 2% daily if you do not withdraw any of your staked tokens. This compounding bonus leads to exponential growth in your DROPS over time. For example:

  • Stake 100 $ROUTE on Day 1. You’ll earn 1 DROP.
  • On Day 2, you earn 1 DROP plus a 2% bonus on the previous day's DROPS, totaling 1.02 DROPS.
  • By Day 3, you’ll have 2.02 DROPS, and the compounding effect continues to grow daily.

Cumulative Total Drops Over 84 Days With Compounding

For those interested in seeing layer 1 networks how compounding works over a period of time, check out the full calculation for 84 days.

Loyalty Bonus Reset for Season 2

As Season 2 begins, the loyalty bonus will reset on October 25. Both new and returning participants will have an equal chance to benefit from the compounding effect as they continue staking.

Important Notes on Withdrawals

Staking provides great rewards, but withdrawing tokens during the staking period affects your bonus. Here’s what happens: 

  • If you withdraw any $ROUTE, best cross chain bridge crypto your loyalty bonus will reset for the remaining tokens.
  • You’ll receive the compounded bonus up until the withdrawal date. Any remaining staked tokens will restart from Day 1 for bonus calculation.

For example: If you stake 100 $ROUTE for 30 days and withdraw on Day 31, you will receive the compounded bonus for the first 30 days. However, your remaining staked tokens will have their bonus reset.

Conclusion

The success of StakeDrop Seasons 0 and 1 has set a solid foundation for Season 2. With increased staker participation, larger rewards, and a seamless integration of loyalty bonuses, the community has shown strong support for Router Chain’s vision of a cross chain bridges future.

Whether you’re a seasoned participant or a newcomer, Season 2 promises exciting opportunities. Join now, stake your tokens, and watch your rewards grow as we continue our journey towards a more connected Web3 world!

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