1️⃣Season 1

Last edited: 2024-09-30

Overview

Liar Finance's Rewards Campaign Season 1 is a special event offering additional rewards to users of Lair Finance liquid staking service. This campaign distributes rewards based on users' stKAIA holdings and participation duration.

How to Participate?

Stake KAIA via Lair Finance and hold stKAIA in your wallet or a partner DeFi service's stKAIA pool.

Campaign Structure

• Season 1 consists of 5 Phases

• Each Phase lasts for 1 week

• Campaign period: August 29 - October 3

Reward Distribution Mechanism

Phase Info

1. Each Phase operates on a weekly basis.

2. Phase 1 : August 29 ~ September 5 (300,000 600,000 800,000 KAIA in Reward Pool)

3. Phase 2 : September 5 ~ September 12 (600,000 KAIA in Reward Pool)

4. Phase 3 : September 12 ~ September 19 (600,000 KAIA in Reward Pool)

5. Phase 4 : September 19 ~ September 26 (300,000 KAIA in Reward Pool)

6. Phase 5 : September 26 ~ October 3 (600,000 KAIA in Reward Pool)

Reward Calculation Method

1. Phase n Reward Pool: Total rewards to be distributed in each Phase (It may be different for each phase)

2. Phase n Total Points: Sum of 'Staking Points' earned by all users during the Phase

3. Phase n User Points: 'Staking Points' earned by an individual user during the Phase

Reward Calculation Formula

User Reward = (Phase n Reward Pool) * (Phase n User Points) / (Phase n Total Points)

Reward Updates

• User rewards are calculated and reflected on the rewards page within 1-5 days after each Phase ends.

Claiming Rewards

1. Claim Availability: After the conclusion of Season 1

2. Claim Period: Within 90 days after the claiming starts from October 10, 2024 until December 20, 2024.

3. Unclaimed Rewards Handling:

   • Unclaimed rewards expire after December 20, 2024.

   • Expired rewards are recycled for the next season's campaign

Rewards Campaign APR

• Bonus rewards added on top of the existing Liar Finance staking APY

• Available only during the campaign period

• May end early if the budget is depleted

Important Notes

The rewards campaign is a time-limited promotion. For accurate APR and reward pool sizes, please refer to information announced through official channels. The stKAIA Rewards campaign APR is displayed on the staking page.