SEV Phase 1 Claiming UI LIVE

On December 6, 2021, the claiming UI for SEV phase 1 officially went live.

EDEN stakers are now able to claim their SEV rewards accrued to their account over at app.edennetwork.io/staking

SEV rewards began accumulating on October 23.

How to Claim?

After navigating to the staking dashboard, existing stakers will now see a third tab called “Claim” on the right hand side.

Here users are able to claim their SEV rewards to their wallet, or automatically claim and stake their rewards by checking the “Automatically stake” button.

How do I increase my rewards?

1) Staking more EDEN.

Currently the optimal number of EDEN to stake is 1,000, after which marginal rewards begin to drop off according to a quadratic dampener.

2) Using the RPC more.

The more you trade with the RPC, the greater the share of SEV rewards you get. Based on your trading activity, your SEV rewards receive a multiplier of 1–4x.

For a full article on details of the Staker Extractable Value program, click here.

We look forward to updating everyone on the progress of SEV Phase 2 in our Discord updates — there is more to come!