ACA is thrilled to begin a new staking campaign for ACA network owners following the achievement of the very first ACA staking program. Network-owned excess valued at about $200k would be used to repurchase ACA and disseminate ACA-aUSD LP tokens (Liquidity Provider tokens) to ACA holders. Below are specifics for the latest ACA staking program:-
Event specifics:-
- Begins on August 4th, 2022 (the exact time is not fixed based on block times).
- ACA-aUSD LP token as payment.
- A 50% loyalty bonus is offered.
- 90-day loyalty period
- Program Length: Expected to last about 3 months, but actual length and cost will rely on how many rolling bonuses are placed.
Focused exclusively on any unclaimed rewards from the prior ACA staking program before the new program launches on August 4th, 2022. All ACA rewards that have not yet been claimed will comply with the new loyalty time frame as soon as the new program begins. The loyalty bonus is forfeited for earlier start claimants during the loyalty timespan.
The network excess is used to purchase ACA to procure ACA-aUSD LP tokens, which will then be given to ACA stakeholders for about $200,000. Acala will repurchase ACA tokens utilizing network-owned scoping reward excess rather than allowing inflation to drive down the price of the ACA token. To enable ACA owners to wager ACA and receive a pro-rata portion, Acala might donate the ACA-aUSD LP tokens to the collateral scoping reward vault.
The staking reward offered by Acala encourages users to store their tokens and take them out of public hands, which feeds back positively on itself. Along with having received aUSD in the version of the yield-bearing ACA-aUSD LP token, attendees also boost their connectivity ownership stake.
All ACA stakers would become cash flow suppliers for the ACA-aUSD trading couple on AcalaSwap by possessing ACA-aUSD LP tokens. As a result, you can receive trading commissions while carrying LP tokens and have the alternative to exchange them for the underpinning ACA and aUSD assets. Until the bonus pool runs out, Acala will allocate the ACA-aUSD LP tokens for every 5 blocks. Attendees should deposit their ACA for the entire course of the ACA staking program and wait to claim their benefits until the program is over to receive the comprehensive staking reward.
The ACA staking program will last for 3 months, but the exact cost staked and the length of time it lasts will vary depending on the amount of stored rolling rewards.
Acala used network-owned betting reward surplus to acquire ACA tokens during the initial ACA staking program instead of increasing the supply of current tokens, which may have reduced existing holders’ % network ownership. Holders of ACA must keep ACA in their wallets to participate in the staking program.