You’ve experienced our love for GameFi; now we’ve applied that same energy to Layer 2 staking. On February 2nd the THALES token will make the move to Optimism and with it comes a new way to boost your staking rewards. Beyond the base 70,000 THALES to incentivize stakers each week, Thales will provide a shot at bonus staking rewards up to 30% in additional THALES based on your participation in the following tasks:
- SNX Staking on Layer 2
- Volume of sUSD traded with the AMM
- Participation in Thales Royale
Staking as you know it is now obsolete. Get ready for gamified staking!
You can get the full picture by reading through TIP-17, but here’s a quick breakdown of how stakers can complete tasks to boost their weekly staking rewards:
At the moment of the snapshot for each weekly epoch, stakers that meet the criteria will receive additional rewards calculated against their base THALES staking rewards. If all criteria are met, this can add up to an additional 30% each epoch.
50% of bonus rewards (or up to 15% of your base THALES rewards) for L2 SNX staking
To receive the largest portion of the gamified rewards, a THALES staker will need to have at least 1 SNX staked on Layer 2 for each THALES they would receive as a base reward. SNX stakers must maintain normal c-ratio to qualify. If the staked SNX to THALES base reward ratio is below 1:1 then the staker will receive bonus rewards proportional to the SNX they have staked.
For Example:
- A staker earns 100 THALES for staking THALES
- The same address has 100 SNX staked on optimism
- The staker earns an additional 15 THALES (15% of 100 THALES)
If the staker doesn’t meet the full staked SNX criteria, bonus rewards will be proportional to % of SNX staked to THALES staked.
- A staker earns 100 THALES for staking THALES
- The same address has 50 SNX staked on optimism
- The staker earns and additional 7.5 THALES (50% of the max 15%)
40% of bonus rewards (or up to 12% of your base THALES rewards) for AMM trading volume
If a THALES staker has at least 10 sUSD AMM total volume in the last 4 weekly epochs for each 1 THALES they get as a base reward, they will get the maximum bonus in this category.
For Example:
- A staker earns 100 THALES for staking THALES
- The same address has 1000 sUSD in total AMM volume in the last 4 epochs (weeks). This can be 500 in epoch 1, 0 in epoch 2, 500 in epoch 3, 0 in epoch 4. It’s the total over the last four epochs
- The staker earns an additional 12 THALES, or 12% of their 100 THALES base rewards
If the 4 epoch (4 running weeks) total volume is below this threshold, the staker will earn bonus rewards proportional to % of sUSD volume with the AMM to their base THALES rewards.
- A staker earns 100 THALES for staking THALES
- The same address has only 500 sUSD in total AMM volume over the last 4 epochs
- They will earn an additional 6 THALES (6% of base rewards) which comes to half of this bonus
10% of bonus rewards (or 3% of your base THALES rewards) for participating in the previous or current round of Thales Royale.
This bonus is all or nothing.
- A staker receives 100 THALES for staking
- If the staker has paid the buy-in and taken part in either the most recent or current round of Thales Royale, they will receive 3 THALES (or 3% of their base reward)
Simple, right? Well if that wasn’t crystal clear, you can always head to the Discord for help from fellow community members.
Thales really wants to make Defi feel like a game, so make sure to stake SNX, trade with the AMM and get registered for upcoming Thales Royale competitions to level up your staking rewards.
