Aspida and dForce have collaborated to create a joint vault on Arbitrum for participants to forging saETH asset (Aspida’s ETH staking asset) by depositing wstETH and ETH, aiming to add diversity to Arbitrum’s LSD Ecosystem.
Summary
- Participants are invited to deposit ETH or wstETH through the Aspida-dForce LSD Vault on Arbitrum to forge saETH upon its launch on Arbitrum.
- The campaign will kick off on February 1, 2024 for a duration of 38 days.
- There is no minimum deposit requirement and each deposit transaction is capped at 10,000 (wst)ETH.
- Participants will have the opportunity to earn $ARB and Shields. (Note: the incentive parameters will be regularly reviewed and updated on a weekly basis.)
Campaign Introduction
We are thrilled to announce an exciting collaborative campaign hosted by Aspida and dForce on Arbitrum! This campaign is scheduled to kick off on February 1, 2024 for a duration of 38 days. During this period, participants are invited to forge saETH asset by depositing ETH or wstETH through the Aspida-dForce LSD Vault on Arbitrum.
One standout feature of this campaign is its remarkable flexibility. There’s no minimum deposit requirement.
As a gesture of gratitude for all participation, we are pleased to offer great rewards. Participants will have the opportunity to earn $ARB and Shield points.
During Lockup period, those who deposited ETH and wstETH in the Vault, will be able to claim respective saETH at system exchange rate (set at the time of lockup), after lockup expires (for about 10 days), users will be able to claim saETH.
Aspida extends a warm invitation to all participants to seize this unique opportunity. We are excited to welcome you to this campaign and hope to provide an engaging experience for everyone involved!
Campaign Incentives
All participants with wstETH deposited will receive dual incentives in the form of both $ARB and Shields: for every $ARB earned, they will also receive 200 Shields.
Please note that the ETH Pool only provides Shield incentives and does not offer $ARB incentives.
Distribution of $ARB Incentives
- The initial allocation is 16,000 $ARB tokens in the first week (Feb 1st — Feb 8th 2024), and the incentive amounts will be regularly reviewed and updated on a weekly basis.
- 60% of incentives will be allocated to the Free Staking Phase (equivalent to 9,600 $ARB);
- The remaining 40% (equivalent to 6400 $ARB) will be accumulated in the Bonus Pool for distribution according to the rules during the Lockup Phase.
Distribution of Shields Incentives
- wstETH Pool: A total of 3,200,000 Shield will be allocated as incentives for the first week, distributed at a rate of 1 $ARB token to 200 Shield across different activity phases.
- ETH Pool: User Shields Rewards = (User ETH Staked/Total ETH Staked) * Distribution Rate
- The amount of Shields received per second will be based on the users’ staked ETH.
- The Shield reward is calculated by their share of funds (the percentage of a user’s staked amount vs total staked) multiplied by the distribution rate (shields allocated per second).The distribution rate per second is determined based on the total number of shields allocated weekly.
Campaign Phases
Free Staking Phase
- Duration: 28 days.
- Participants are free to make wstETH and ETH deposits and withdrawals. However, those users who make withdrawal during this period will not be eligible to claim rewards from Bonus Pool.
- The incentive amounts will be updated on a weekly basis.
Bonus Pool
- Rewards will be accrued during the Free Staking Phase and distributed in the Lockup Phase.
- Only users who have not made any withdrawal during the Free Staking Phase are eligible to receive incentives from the Bonus Pool.
- Users exit prior to Lockup Phase will forfeit their bonus rewards and users who roll into Lockup Phase will be eligible to claim all rewards in the Bonus Pool (including those forfeited rewards from exited users).
- The incentive amounts will be updated on a weekly basis.
Lockup Phase
- Duration: 10 days following the conclusion of the Free Staking Phase.
- (1) All Lockup Phase participants are eligible to receive the final phase incentives, including those who do not qualify for Bonus Pool incentives.
(2) New deposits or withdrawals are not allowed during this phase.
- The rewards in this phase are yet to be disclosed. Please follow our X or join our Discord for the latest updates.
- At the end of the Lockup Phase, Participants are able to claim their incentives, including $ARB and Shields, as well as the saETH.
Sincerely
For any inquiries, please refer to the FAQ at the end of this blog or reach out to us via Discord. The Aspida team is dedicated to creating an exceptional, engaging, and memorable staking experience for all participants!
Aspida
Aspida is an efficient liquid staking protocol that offers a decentralized, secure, and highly compatible staking service. By leveraging the power of liquid staking, Aspida allows users across different layers and networks to earn profitable rewards while maintaining the flexibility to participate in multiple staking opportunities.
More information such as Aspida’s key features and the benefits can be checked through ‘Aspida: An Efficient and Secure Liquid Staking Protocol’
Join Aspida Community: Discord丨Telegram丨X丨Blog丨Medium丨Documentation
dForce
dForce is the main protocol of its own multi-chain ecosystem, at the heart of which lies USX, a decentralized stablecoin. With a rich history dating back to 2019 and investors as Multicoin Capital, CMBI, Huobi Capital, the dForce ecosystem brags today around 200 million dollars of total assets.
Try dForce App: https://app.dforce.network/
Join dForce Community: Website | Forum | X | Telegram | Medium
FAQ
What are Shields?
Each Shield represents a share of the Aspida Airdrop, which will ultimately provide the holder with governance tokens after the TGE(Token Generation Event). Governance rights will be distributed to early community members.
What is the Rewards Distribution for this campaign?
Participants in this campaign will receive dual incentives in the form of $ARB and Shields, with a ratio of 1 $ARB to 200 Shields. The total allocation for $ARB incentives is set at 16,000, while 3,200,000 Shields will also be allocated as incentives for this campaign.
Please note again that the ETH Pool only provides Shield incentives and does not offer $ARB incentives
What is $ARB?
The $ARB token is an ERC-20 governance token that allows its holders to participate in the Arbitrum DAO’s on-chain governance protocol. The $ARB token is minted by a smart contract that lives on Arbitrum One, a Layer 2 Arbitrum rollup chain. For more information, please click here.
What is Arbitrum?
Arbitrum is a cryptocurrency network, designed as a scalability solution for the Ethereum blockchain. It is a layer 2 protocol that aims to make Ethereum (ETH) transactions faster and more affordable, thus increasing the network’s scalability.
Website: https://arbitrum.io/
What is dForce?
dForce advocates for building a complete set of DeFi protocols covering assets, lending, and trading, serving as DeFi infrastructure in Web 3. It is currently deployed on Ethereum, Arbitrum, Optimism, Polygon, Binance Smart Chain (BSC), and KAVA.
Website: https://dforce.network/
App: https://app.dforce.network/
What is Aspida?
Aspida is an efficient liquid staking protocol that offers a decentralized, secure, and highly compatible staking service and LSD assets. By leveraging the power of liquid staking, Aspida allows participants across different layers and networks to earn profitable rewards while maintaining the flexibility to participate in multiple staking opportunities.
Website: https://aspidanet.com/