Everything you need to know about Delegation Incentives Program
Get $RARI rewards for delegating your votes
Hey $RARI holders,
Between the launch of the RARI Chain and the kick-off of the Rarible Protocol integration with Arbitrum, lots of exciting things are happening in the $RARI ecosystem!
We are sending you this email to bring to your attention a key opportunity of this December: Delegation Incentives Program that allows you to effortlessly contribute to the growth of our ecosystem and get rewards in return!
Find out more below and remember that you have until December 15th to participate:
Delegation Incentives Program 101
The Delegation Program is one of the pillars of the Rarible Protocol ecosystem, enabling $RARI token holders to lock their tokens and delegate their votes to active community members, also known as delegates.
When you delegate your voting power, you ensure that your $RARI holdings are accounted for in the governance of the Rarible Protocol infrastructure and DAO treasury. Why is it important? To name a few:
The more votes are cast in the proposals, the less likely malicious proposals are to go through, and the higher DAO participation is
Community members receiving large delegations are more likely to come up with innovative proposals and drive the ecosystem development
Active DAOs generate a lot of attention from the industry and drive user awareness to the Rarible Protocol and the RARI Chain
Delegation Incentives Program helps drive these and other strategic benefits by rewarding delegators and delegates alike.
How it works
A total of 30,000 $RARI is allocated to reward $RARI token holders who delegate their votes between November 21st and December 15th. A maximum of 10,000 $RARI can be awarded to a single delegator.
Your rewards are calculated according to the following formula:
0.3(# veRARI delegated during program)*(delegate score)
To say plainly, the amount of rewards you receive depends on the activity and level of involvement of your delegate of choice.
For more information about the formula and the considerations behind it, take a listen to our Delegation Incentive Program space recording from this morning.
Delegates and delegate score
The higher the delegate score, the more active the delegate is in our on-chain and off-chain governance. To be eligible for delegation rewards, you must delegate your tokens to an active delegate – this measure is introduced to prevent random delegations made solely to collect rewards.
Below is the list of all delegates with delegate scores above 0. Delegating your votes to them guarantees you rewards!
Andrei (2.05) — Co-founder @botfrens, security council member at RARI Foundation
Jaf (2.05) — Core team member at Push Protocol since the very beginning.
StableLab (2.0) — Professional delegate with a focus on governance framework design
Arik (2.0) — Ex-listing & investment team member at BitMart & product manager at Paxful
Firefly (2.0) — Foreverlands co-founder, crypto art movement OG
Jaris (1.75) — Head of BD for BanklessDAO
Winverse (1.58) — Writer, editor, and client manager, active DAO contributor
Lionmsee (1.40) — Digital and traditional artist with 3+ years of experience in NFTs
Stef (1.0) — Investment strategy specialist with a diverse background
Simon (1.0) — Co-Founder & head of growth at Myosin.xyz
Root (aka Kyle) (1.0) — Web3-native artist and startup founder
Want to see delegates in action? Join the RARI Foundation proposal review or community call live.
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