DOT Festival Event #1 — ArthSwap’s Triple Hitter to Earning Rewards
05/31/2022 — ArthSwap, the one-stop defi on Astar Network, is the first project to join the festivities!
ArthSwap has launched a new WASTR/DOT trading pair and increased the rewards multiplier for the pool. And, we are celebrating this launch with 1 million Astar tokens to eligible LP providers! This is perfect for community members who want build our ecosystem, while earning triple the rewards:
- Passive Income of $WASTR + $DOT through Trading Fees
- Harvesting $ARSW Farming Rewards
- Earning a portion of 1M $ASTR rewards
With 4 easy steps, you’ll earn Triple Rewards for the entire DOT Festival!
- Bridge DOT to Astar
- Provide liquidity WASTR/DOT pool
- Stake LP tokens here
- Get your AstarPass ← This is Important!
That’s it!
AstarPass maps your native account to an EVM account — read more about the benefits here. You must use an account that is registered for AstarPass since $ASTR rewards are distributed to native addresses only. Even if you do not know how to register for the AstarPass, that’s ok! Our guide covers this in detail!
Go here for a step-by-step tutorial to DOT Festival:
https://docs.astar.network/dot-festival/introduction
Then, just hop onto our discord where our community will help you join the fun and build the future of Web 3 with Astar!
Details of Event 1
Dates: 5/31 13:00 UTC to 6/8 12:00 UTC
Projects:
ArthSwap: 1,000,000 $ASTR rewards + $ARSW + trading fees
So, how will 1M $ASTR be distributed? Your rewards are proportional to Your Score against the Total Score of Event 1 participants (i.e. Your Score is part of the Total Score). This means the more you stake and earlier you start, the higher your score for bonus rewards.
Your score is defined as:
Your Score = Amount of LP staked × Number of blocks created while staking
Your reward is calculated as:
Your Reward = (Your Score/Total Score) x 1 000 000 ASTR
TLDR: Stake More and Start Early to earn a higher reward.
Start your DOT Festival journey now — on the Astar Portal!
(e.g. If your score is 300 and the total score of the event is 1000, you will be rewarded with 300K $ASTR)
Full details of Event 1 Rewards can be found HERE.
Note that all $ASTR rewards earned during the three events will be vested for 3 months — only claimable after DOT Fest ends. This is to avoid sudden selling pressure that will hurt our community. To make claiming rewards easy, Astar token rewards for all events will be distributed at the same time after DOT Festival.
About Astar
Astar Network is the Smart Contract Hub for WASM + EVM and the top Parachain on Polkadot in Total Value Locked + Most Ethereum Assets. Since winning its Parachain auction in January 2022, Astar Network has become the top Parachain in the Polkadot ecosystem in Total Value Locked and most Ethereum assets transferred over. Astar Network is the leading smart contract hub that connects the Polkadot ecosystem to Ethereum, Cosmos, and all major layer 1 blockchains. Astar Network supports dApps using multiple virtual machines — namely WASM and EVM — and offers the best technology solutions and financial incentives via its Build2Earn and Astar Incubation Program for Web3 developers to build on top of a secure, scalable, and interoperable blockchain.
