VEGA Active Governance Reward
The Vega project is rewarding active governance participants with a 150,000 VEGA token airdrop. Review the criteria to determine if you’re eligible for these rewards. #FreeTheMarkets
⚠️ Stay safe! There is no claims page for this reward. Tokens will be transferred directly to your Ethereum key linked to your Vega address. Do not interact with any website claiming to distribute these tokens or interact with any other unofficial communication channel ⚠️
All markets on Vega are permissionless, created by the community via proposals and voted on-chain. The creation of these markets, along with modifications to network parameters and many other aspects of the Vega protocol, depend on the active involvement of our community. With the announcement of the 2,000,000 VEGA total allocation for the Community Adoption Fund, active governance has become more crucial than ever for the Vega network’s success. In recognition of this support, community members who participated in governance voting between 00:00 UTC on May 1st 2023 and 15:00 UTC on February 9th 2024 and meet the specified eligibility criteria will be rewarded with VEGA tokens.
Are you eligible for this reward?
The Active Governance Reward will be airdropped to the Ethereum wallets staking tokens to Vega public keys that:
- had under 100,000 VEGA tokens staked to them in total at the snapshot time
- have voted since May 1st 2023 (around launch of alpha mainnet)
- have participated in at least 5 governance proposal votes
Eligibility was determined based on a governance data snapshot taken from the public Vega blockchain on February 9th 2024 at 15:00 UTC.
Active Governance Reward Rationale
VEGA token holders play a significant role in securing and steering the network, by staking their tokens and participating in on-chain voting. The purpose of this reward is to incentivise community members who have proven to be committed to advancing the network’s mission to Free The Markets. Specifically, rewarding grassroots community members and intentionally excluding larger token holders.
Reward Tiers
The reward allocation is organised into three tiers, reflecting the level of voting participation by each Vega address. Each tier awards a fixed amount of VEGA tokens to its members:
- Tier 1: Vega addresses that participated in 36 or more proposals receive 5,000 VEGA tokens
- Tier 2: Vega addresses that participated in 18 or more proposals receive 3,000 VEGA tokens
- Tier 3: Vega addresses that participated in 5 or more proposals receive 2,000 VEGA tokens
*Please note: The airdropped VEGA tokens will be subject to a lock-up period of 3 months and additional 3 months of vesting. During this time, users can delegate their tokens to validators and earn additional rewards.
What’s next
There is no need to claim this reward. Eligible addresses will automatically receive VEGA tokens directly to their Ethereum addresses via the vesting contract. The token transfer will be executed by February 16th 23:59 UTC.
Tokens will be delivered to the Ethereum addresses that hold the staked tokens associated with each eligible Vega key, not to the Vega key itself. In the event multiple Ethereum addresses are staking to the same Vega key, the reward will be split pro-rata based on the number of staked VEGA in each Ethereum key.
The VEGA tokens will not immediately appear in your Ethereum wallet as they will be locked in the (non-custodial) Vega vesting contract. You can read about this contract here, and check your locked and unlocked balance either on the Vega Governance dApp or by querying the contract directly.
Missed the Active Governance Reward? There’s still time to get involved! With the Community Adoption Fund now established, participation is more valuable than ever.
About Vega Protocol
Vega is Web3’s native derivatives layer. The community is creating the building blocks for a new financial system. One that puts control of the markets, the products, and the fees in the community’s hands. Vega is a decentralised network that supports the creation of derivatives markets for a variety of crypto assets. #FreeTheMarkets
