Rewards
Rewards are how Botto pays for the labor it depends on to be successful. This section details how those rewards are distributed.
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.
Revenue Distribution: Active Rewards
50% 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 2,000 $BOTTO staked in the Governance Contract.
The remaining 50% of revenue is held in the treasury. 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.
Claiming Rewards
To be included in protocol revenue, a wallet must have a minimum of 2,000 $BOTTO staked, before the end of the round and when they claim.
To claim your rewards, go to the Claim tab in the Rewards section.
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 <0.01 ETH, protocol revenue withdrawals are disabled.
Drops
Being an active contributing participant in the Botto community may also make you eligible for exclusive releases of work from Botto and the DAO.
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