The past two weeks have marked a transition in the Arena staking program to dynamic staking, marked by the introduction of Arena Champions.
Our top 500 Gladiators on the leaderboard have earned a dynamic Arena Champion badge. The current formula to determine your ranking is a combination of the amount of
$ARENA you have staked and the time that it has been staked.
So what does Arena Champion get you?
1) 2.5% of the total supply of each token that graduates from Arena Launch will be distributed proportionally to the Arena wallet of Arena Champions.
As a project founder, get your tokens automatically distributed to the most loyal, diamond handed power users of The Arena.
As a Champion, you don’t have to worry about missing out on a huge launch.
2) Airdrops of the top projects and presales coming out of the Avalanche ecosystem.
So far Champions have received airdrops of
$CHAMP (ATH value of $85,640) and
$WINK (ATH value of $210,000) proportionally distributed to their Arena wallets. Upcoming airdrops include
$KET and more.
3) Weekly
$ARENA airdrops
So far over $210,000 has been airdropped to stakers in both
$ARENA and
$AVAX. Going forward, stakers will be airdropped
$ARENA each month with the opportunity to potentially earn AVAX in other ways. More on this to come shortly.
With the true nature of SocialFi, Arena Champions badges earn you both social and financial benefits in the app. In this thread we detailed some of the initial financial benefits awarded to Arena Champions. The social benefits are still in development and will be rolled out and announced when they are ready.
