UPDATED May 2024 with Optimized Reward Allocations

Overview

In a strategic shift to maximize and reward both early engagement and sustained participation for validators in our mainnet launch, we have streamlined and enhanced the SafeStake Mainnet Validator Incentive Program (VIP).

This revised incentive structure is designed to utilize our resources more effectively to build a strong foundation for the SafeStake network, promoting both early adoption and sustained participation among validators. As such, this program offers reward opportunities to validators who join early and continue to stay active on SafeStake mainnet for up to 6 months.

Program Objectives

• Rapid Network Growth: Quickly build a robust, secure network with a broad base of validators through significant early participation incentives.
• Encourage Longevity and Loyalty: Foster long-term commitment to network health and stability through sustained participation rewards.

Total Mainnet Validator Incentive Pool: 1,400,000 DVT tokens available

Token Allocation Breakdown

1. Early Bird Bonuses: 600,000 DVT tokens for the first 60 days
2. Sustained Participation Rewards: 800,0000 DVT tokens (200,000 $DVT per month for 4 months).

The program works on a point system, where Validators earn points based on when they join and how long they stay active on the SafeStake DVT network.

Program Structure & Token Rewards Calculation

Users will receive 500 points for each validator they deploy on SafeStake mainnet. They will also receive 100 points for each day the validator remains active on the network. The total points will be reset to zero after the Early Bird stage ends. When the Sustained Participation stage starts, users are able to accumulate points until the stage ends.

Phase 1 - Early Bird BonusesReward Pool = 600,000 $DVT available over the first 60 days

$DVT rewards will be calculated and distributed based on a user’s points. The calculation equation is:

• Early Bird Bonus ($DVT per user) = 600,000 DVT * Xa(Xa,...,Xz)
• Xa is the total rewarded points the user earns in this period, for the first 60 days.