NFT Bridges - UGC application proposal

Governance dApp Staking Applications
21

It will.
What si meant that we are very focused on the success of the Astar Degens bridging event. :+1:t2:

Ilan

22

Hi, @tksarah
Where can I find the details of the UGC staking platform?
I want to try and estimate/figure out the staking rewards.
Thank you
Ilan

23

UCG is only staked from Astar’s Treasury, so there is no actual platform.

The amount of staking rewards varies dynamically per ERA based on the dApp Staking Tier/Rank system, making precise predictions difficult, but approximate calculations are possible.

To check how much rewards can be earned, please refer to the dashboard on Astar Portal.

Alternatively, the following page provides more detailed reward calculations, which could be helpful for your own estimations. (Updated as frequently as possible.)

However, due to a data inconsistency issue, I have raised an ISSUE for verification.
So at the moment, this information cannot be used as a reliable reference, so please be aware of that.
Once the issue is resolved, I will notify you.

1 Like
24

Thank you @tksarah

Ilan

25

Thanks for the info again @tksarah
We have a few more quesitons.

  1. The reward per era for Tier 4 is 207 ASTR. Is it per app, per era or will it be split into 207/33 since there are 33 slots? Is that the only reward we get?
  2. When will the rewards be dispersed to the developer wallet for claiming? At the end of each era or the end of each Staking cycle?
  3. If we get enough ASTR staked to move to the next tier, will it automatically transition or will the tier change only at the end of a cycle?

I wasn’t sure who to approach with these questions.
You can guide me to someone else that might find it easier to answer these if needed.

Thanks for taking the time to answer.

Ilan

1 Like
26

Hi @ilan

1- Rewards displayed are base rewards per era per dApp. actual rewards are also based on your dApp rank which give a bonus on top of the base rewards within a Tier.
2- At the end of each era, rewards will be allocated to your dApp. You then must claim the rewards
3- The Tier will increase automatically but promotion takes 2 eras to be effective in order to prevent Tier manipulation

Note that UCG grant (25M ASTR) has been staked on NFT Bridge dApp which should have promoted it to Tier 3. However, current threshold to Tier 3 is currently at 27M (threshold lvl fluctuate based on ASTR price), ACC is thus currently evaluating if it can increase UCG grand to a higher amount.