BUN Rewards from the Oven

Information in this article has been varied.

In my previous post, I discussed how the Oven is a time-locked wallet that distributes BUNs every Sunday at 00:00 UTC. Twenty percent of the BUNs in the Oven are allocated to reward members for participating in NeoWorlder.

Each member is eligible to receive a portion of these rewards according to the following criteria:

(a) We calculate the total amount of BUNs a member has spent in auctions up to the current date (this calculation is performed 24 hours before the release of the Oven, i.e., each Saturday 00:00 UTC) and divide that by the total amount of BUNs spent by all members in all auctions to date. This is then multiplied by 10% of the BUNs in the Oven to acknowledge the long-term participants of the Arena.

(b) The same calculation as in (a) is done for BUNs spent by members in auctions since the last Oven distribution (i.e., seven days, 00:00 UTC Saturday through the following Saturday). The Eddie Murphy special is called “What have you done for me lately.”

This calculation can be expressed mathematically as follows:

In the case of fractionals, the result is rounded down to the nearest whole number, and any residual BUNs are added to the Oven for the following week’s distribution.

In summary, this process is relatively straightforward.