OMNIA Protocol Testnet Staking – Incentive Program Results
Results
Final results are published here.
Testnet staking program
The testnet staking was introduced in August 2023 and ran until 30th June 2024 23:59:59 UTC.
All the claims events on the testnet staking contract until 1st of July 12:00:00 PM UTC have been taken into account. We extended the initial deadline with additional 12 hours to make sure there hasn’t been any timezone confusion when it comes to concluding the testnet staking phase.
Addresses holding OMNIA pfp NFTs had extra benefits since their APY has been boosted according to the type and number of NFTs they had on the same address used in testnet staking on Sepolia.
Same benefits of APY Boost from the NFTs will be part of the mainnet staking program after the token launch, with the enhanced logic embedded within the smart contract.
Both the testnet staking program, and the upcoming mainnet staking program support the security of the enrolled nodes by creating a colateral to make sure nodes behave as intended. You don’t need to have any technical knowledge whatsoever, we took care of automatic the node deployment and register process such that you can focus on things that matter.
If you are new to enrolled nodes, how they bring value to the ecosystem and help decentralize the data layer, you can start here.
APY Boost
As a refresher, all the wallets that stake from same address that also hold OMNIA pfp NFTs get to benefit from APY Boost.
Simply put, there are 3 categories of NFTs and each one gives you a specific APY boost:
- Seekers – each NFT provides a 2,5% APY boost
- Commanders (rare) – each NFT provides a 5% APY boost
- Titans (super rare) – each NFT provides a 15% APY boost
Does the math sounds complicated ? No problem, just use the APY Calculator.
Claiming the rewards
Keep an eye on the official channels as we’ll introduce the platform for token claims. Always double check the information on both website and social media profiles.
As it was introduced in the beginning of the testnet staking program, the mainnet rewards are subject to vesting : 6 months cliff + 6 months liniar vesting.
What’s next ?
As we are getting closer to the token launch, the next natural step is the OMNIA Points Program to continue incentivizing the community members who are helping us not only to improve our products and secure the decentralized pool of nodes, but also to spread the news about our upcoming launch.
Thank you everyone who joined the testnet staking program, your feedback and participation has been valuable to us and we’ve did lots of improvements that will be part of the mainnet staking program.
Did we mention that the latest & improved staking contract has an audit ? Don’t forget to give us a vote here.
Disclaimer: This article should not be considered financial or investment advice. Token rewards and airdrop programs are subject to change, and users must check OMNIA’s official channels for the most up-to-date information.
