Rewards
Rewards are how Botto pays for the labor it depends on to be successful. This section details how those rewards are distributed.
Last updated
Rewards are how Botto pays for the labor it depends on to be successful. This section details how those rewards are distributed.
Last updated
As of September 27th, 2024, Active (ETH) Rewards can also be earned and claimed on the Base network. Make sure to stake, vote and claim on a single chain to claim rewards from it.
Prior to Rebellion Period 25% of revenue went to a pool for retroactive rewards that were distributed to different types of participation in the protocol.
This was discontinued in BIP-30 due its risk of being sybilled. There is ongoing discussion of how to reward the diverse behaviors (in both voting and other contributions) in a way that cannot be abused.
After BIP-59 was voted to pass by the DAO on Snapshot, the distribution of revenue to Active Rewards and the Treasury was adjusted to support POL-building. Now, 20% of the revenue is allocated to POL in every round, with contributions equivalent to this amount in $BOTTO made monthly.
40% of all protocol revenue within any given round is directly redistributed to actively contributing Botto participants, based on VP spent in a round (relative to others), in ETH, provided they have at least 100 $BOTTO staked in the Governance Contract.
The remaining 60% of revenue is 40% held in the treasury, and 20% commited to Protocol-Owned Liquidity (POL) building. To know more about Active Rewards, check this section.
Rewards are distributed and made available for claim on a user's rewards page every Monday afternoon of a round. Following the distribution, an announcement detailing the breakdown of revenue and rewards calculation is posted on Discord. If no period is currently ongoing, rewards are not distributed, and settled revenue is spread across all rounds of the subsequent period.
To be eligible for protocol revenue share, a wallet must have a minimum of 100 $BOTTO staked before the end of the round and at the time of claiming. If a wallet unstakes during the round, it becomes disqualified from receiving any rewards generated in that round.
This applies to both mainnet and Base chains.
To claim your rewards, click the Claim buttons in the Rewards section of the app. Follow the instructions that follow afterwards directly in the app.
Note: Claiming Liquidity Mining rewards is currently only available on Ethereum mainnet.
It's best to check gas on the network before clicking claim to ensure it is worth the transaction.
We recommend accumulating protocol revenue rewards over multiple rounds before claiming, especially if your current claimable amount is around 0.01 ETH.
For amounts <0.001 ETH, protocol revenue withdrawals are disabled.
Being an active contributing participant in the Botto community may also make you eligible for exclusive releases of work from Botto and the DAO.
