Round Robin Explained
A portion of compounding rewards are distributed in a round robin fashion to qualifying accounts.
- Compounding generates a 5% reward that is paid in an "upline" fashion, one level per compound, for 15 levels.
- Upline wallets reside above your wallet.
- To qualify for the 5% compounding rewards, an upline wallet must contain the required USD value of BOND tokens or the required Legacy NFT.
- When you make your first compound, the 5% reward is paid to your direct upline, assuming they hold at least $250 worth of BOND or a Silver NFT.
- The 5% reward is based on the amount ARKFI available to compound.
For example, if you have 1 ARKFI available, the reward would be:
- 1 $ARK x 5% = 0.05 ARKFI reward
- The above process repeats itself for each compound upwards through 15 levels.
- If a wallet in the upline doesn't have enough BOND or NFT to qualify (unqualified wallet), the reward will be forfeited and sent to the Guardian Wallet.
- If a wallet has less than 15 wallets in its upline, the 5% reward is paid to the Guardian Wallet when each empty level above the Guardian Wallet is reached.
Round Robin scenario with the Guardian Wallet in 3rd upline Position
- Each day, 50% of the Round Robin rewards sent to the Guardian Wallet will be added to a spARK Rewards pool.
- Qualifying wallets will be randomly drawn each day and the winners will receive a portion of the rewards pool.
Qualifying wallets are randomly drawn using an Ark Fi VRF (Verifiable Random Function), a provably fair random number generator.
- The ARKFI will be added to the winning wallets as a “referral reward” and positively impact their NDV.
- The number of winners will vary based on the size of the spARK Rewards pool.
- To qualify for a chance to win spARK Rewards, wallets must have an active Ark Vault account with one of the following:
- Enough BOND staked to qualify for Level 1 referral rewards ($250 worth of BOND)
- Hold a Legacy NFT
spARK Rewards provide a chance to share the daily compound rewards with those supporting the protocol while discouraging negative strategies like ghost compounding and inline wallet stacking to avoid the Guardian Wallet.
Last modified 8mo ago