Staking Rewards
Last updated
Last updated
When you participate in staking with Amplifi, you're not just supporting network growth and security; you're also earning a chance to receive WMT rewards.
These rewards are generated from 2 sources:
Community AirNodes
AMP AirNode
The primary source of rewards will be generated from Community AirNodes. As mentioned earlier, the Community AirNodes are purchased from the rewards generated from staking to the Amplifi EarthNode. Once these Community AirNodes are in operation and earning fees, these will be redistributed to Amplifi stakers proportional to their share of forfeited Amplifi EarthNode returns.
The secondary source of rewards will be generated from the AMP AirNode. To kick start the project, we have successfully purchased the first Titan AirNode (AMP Air Node), whereby early stakers who are eligible for an AMP NFT will also receive rewards from the AMP AirNode as soon as its operational and earning rewards.
Snapshot Schedule: On the 9th of each month at 11 AM UTC, a snapshot is taken of all staked WMT amounts. This snapshot records your staked balance, setting the baseline for your eligibility for rewards.
HODL Period Requirement: To qualify for rewards, you must maintain at least the amount of WMT recorded at the starting snapshot until the next snapshot. This period between snapshots is known as the HODL Period.
Reward Distribution: If you successfully maintain or increase your staked amount throughout the HODL Period, you are eligible for rewards. These rewards are proportional to your stake and derived from the performance of Community AirNodes.
Importance of Consistency: Consistently meeting or exceeding the snapshot balance ensures your continued eligibility for rewards. Decreasing your stake below the snapshot amount during a HODL Period disqualifies you from receiving rewards for that period.
Staking: You can unstake your tokens at any point. However, reducing your staked WMT below the snapshot amount forfeits your rewards for that period.
Claiming Rewards: Rewards are issued based on Community AirNode earnings and how much your stake contributed to node acquisitions.
