Fantom has just announced its updated requirements for the Incentive Rewards Program.
Since the first announcement of Fantom’s DeFi incentive program, the network has grown significantly:
Fantom has adjusted both the reward tiers and minimum TVL requirements to align rewards with the dollar values represented when the program was announced and accurately reflect ecosystem growth.
This adjustment enables the Foundation to support more protocols than before and to grow the community and the ecosystem. As ever, their goals remain to promote sustainability and to encourage innovation.
The below applies to all projects. If you are already enrolled, the new requirements will be effective from December 2021 onwards.
Henceforth, the minimum qualifying TVL will be calculated on an ongoing basis as a function of the FTM price and reward tier. As of now, the reward tiers are:
To determine if a project qualifies for a reward tier:
Reward dollar value = (Current $ price of FTM * FTM Reward for tier)
At the time of writing, FTM is $2.25. Taking the 500,000 FTM tier as an example, the reward dollar value is: ($2.25 * 500,000FTM) = $1,125,000
To calculate the minimum required TVL, multiply the reward dollar value by 20. In other words, the reward dollar value represents 5% of the required total TVL.
So in this case, to qualify for the 500,000 FTM reward, project TVL (time-weighted) must be at least: ($1.125M * 20) = $22,500,000
Fantom asks that projects perform this calculation before applying. All other aspects of the application use of rewards, cliffs, and reward amounts remain unchanged.
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