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ARB STIP distribution

ARB rewards available till March 31 2024

Background

The proposal to backfund successful projects from round one of the Arbitrum S.T.I.P has passed, and that means WOOFi is set to receive a whopping 1M ARB. To give you ample time to prepare so you can make the most of this opportunity, we’re outlining in detail how these incentives will be distributed, down to the very last ARB.
To start with, here’s a quick breakdown of how the ARB will be allocated.
  • For WOOFi Earn and Stake - rewards can be claimed as usual from their respective pages.
  • ARB rewards for WOOFi Pro, simple swaps, and cross-chain swaps will be calculated at the end of each week using the weekly closing price, and be available to claim the following Monday from a new ‘claim’ button in the WOOFi app.

WOOFi Cross-chain Swap

Your swap is eligible for rewards if you see the "ARB reward" icon on the swap window. You can select any supported chain except Linea as the source chain.

Cross-chain swap fee refund

To encourage more users to explore the ecosystem, all cross-chain swaps into Arbitrum will have the following fees refunded using the ARB token:
  • Destination gas fee (additional gas tokens requested are excluded)
  • Bridge fee
  • Swap fee on the source chain
Total refund for each week is capped at 5,788 ARB. If the weekly cross-chain swap fee exceeds the cap, swappers may get the refund proportional to the fee they paid.

Distribution details:

Week
Cross chain swap fee
ARB distributed
Close price
Jan 1
$8,706
5,056.34 ARB
$1.7218
Jan 8
$10,573.67
5,208.19 ARB
$2.0302
Jan 15
$12,000.68
6,607.58 ARB
$1.8162
Jan 22
$14,415.03
8,014.14 ARB
$1.7987
Jan 29
$15,677.39
9,054.22 ARB
$1.7315
Feb 5
$10,607.55
5,463.02 ARB
$1.9417
Feb 12
$15,723.16
7,708.94 ARB
$2.0396
WOOFi’s cross-chain carousel will feature one Arbitrum protocol each week for 13 weeks. 5,750 ARB is distributed to users who cross-chain swap any asset from any chain into $20 or more of the featured project’s token of the week.
Swap into at least $20 of $MAGIC on Arbitrum from any asset from another chain. e.g. ETH on Optimism
Omnichain app powered by LayerZero. Seamless one-click cross-chain swap experience.
  • w/o Jan 15 update - the minimum $ amount of the cross-chain carousel has been increased from $10 to $20 from this week
  • w/o Jan 22 update - to prevent bots from taking advantages of the campaign, we will apply sybil detection methods and remove Sybil addresses from the eligible list before selecting the winners. e.g. A cluster of addresses are deemed to be owned by the same user according to the known Sybil patterns
  • w/o Feb 12 update - the rewards will be equally distributed to all eligible addresses instead of 25 randomly picked winners.

Distribution details (a fixed 5,750 ARB per week):

Week
Eligible addresses
Note
Jan 1 - JOE
788
25 winners, 230 ARB each, on chain VRF tx
Jan 8 - GMX
2,504
25 winners, 230 ARB each, on chain VRF tx
Jan 15 - RDNT
2,835
25 winners, 230 ARB each, on chain VRF tx
Jan 22 - JONES
421 (sybil filtered)
25 winners, 230 ARB each, on chain VRF tx
Jan 29 - GNS
652 (sybil filtered)
25 winners, 230 ARB each, on chain VRF tx
Feb 5 - PREMIA
956 (sybil filtered)
25 winners, 230 ARB each, on chain VRF tx
Feb 12 - MCB
692 (sybil filtered)
692 winners, 8.3 ARB each

WOOFi Pro (perpetual futures)

New user bonus

To incentivize new traders, 25 random wallets that deposit onto WOOFi Pro via Arbitrum and trade $250 or more volume in the same week as they deposit will be picked every Monday to each receive 50 ARB.

Distribution details (a fixed 1,250 ARB per week):

Week
Eligible addresses
Note
Jan 1
400
25 winners, 50 ARB each, on chain VRF tx
Jan 8
964
25 winners, 50 ARB each, on chain VRF tx
Jan 15
459
25 winners, 50 ARB each, on chain VRF tx
Jan 22
2,840
25 winners, 50 ARB each, on chain VRF tx
Jan 29
2,535
25 winners, 50 ARB each, on chain VRF tx
Feb 5
670
25 winners, 50 ARB each, on chain VRF tx
Feb 12
842
25 winners, 50 ARB each, on chain VRF tx

Trading incentives

10,000 ARB will be distributed pro rata each week to reward existing traders based on trading volume. Higher trading volume = higher share of the pot.
Finish within the top 5 traders by trading volume each week for an additional bonus prize from a pool of 4,134 ARB.
  • 1st place: 1,500 ARB
  • 2nd place: 1,250 ARB
  • 3rd place: 750 ARB
  • 4th place: 450 ARB
  • 5th place: 184 ARB

Distribution details (a fixed 14,135 ARB per week):

Week
Trading volume
Top 5 traders
Jan 1
$28,670,657
1.0xb7b66...E053E: $10,000,302.35
2.0xD1e36...606cC: $5,433,511.76
3.0x3BDDE...1e17F: $4,477,470.67
4.0x65F44...b4b4E: $2,495,137.98
5.0xAe03E...Ae7be: $2,182,832.88
Jan 8
$69,947,739.6
1.0xb7b66...E053E: $16,212,129.01 ➡️
2.0x3BDDE...1e17F: $9,896,083.06 🔼
3.0xD1e36...606cC: $7,976,650.68 🔽
4.0x166E7...3Ea5E: $3,164,177.02 🆕
5.0xa2EbD...a0703: $1,732,724.84 🆕
Jan 15
$56,366,176.01
1.0xb7b66...E053E: $22,892,618.42 ➡️
2.0xC89Ec...1ffc4: $6,435,237.89 🆕
3.0x65F44...b4b4E: $4,273,010.15 ⏫️
4.0x5717A...a69d0: $3,043,769.79 🆕
5.0x3BDDE...1e17F: $2,577,894.91 ⏬️
Jan 22
$115,018,875.79
1.0xb7b66...E053E: $26,398,101.59 ➡️
2.0xaF5e2...2224E: $7,340,396.9 🆕
3.0xC89Ec...1ffc4: $4,073,588.9 🔽
4.0xf3118...60925: $3,003,261.28 🆕
5.0xAe03E...Ae7be: $1,778,919.09 🔼
Jan 29
$106,793,083.17
1.0xb7b66...E053E: $20,450,478.45 ➡️
2.0xf3118...60925: $13,623,726.55 ⏫️
3.0xaF5e2...2224E: $10,324,463.69 ⏫️
4.0xAe03E...Ae7be: $3,616,065.13 🔼
5.0x637E1...a4009: $3,139,980.05 🆕
Feb 5
$148,716,649.85
1.0xaF5e2...2224E: $50,425,688.57 🔼
2.0xb7b66...E053E: $40,149,042.62 🔽
3.0xf3118...60925: $5,773,092.73 🔽 4.0xD1e36...606cC: $5,069,038.84 ⏫️
5.0xe6bBD...9b142: $4,632,760.65 🆕
Feb 12
$172,984,728.67
1. 0xaF5e2...2224E: $48,406,969.85 ➡️ 2. 0xb7b66...E053E: $37,708,049.04 ➡️ 3. 0xf3118...60925: $13,169,680.06 ➡️ 4. 0xe6bBD...9b142: $8,798,771.29 🔼 5. 0x05033...9253e: $3,485,390.13 🆕

WOOFi Swap

11,538 ARB will be used as incentives each week to lower fees for WOOFi swaps on Arbitrum. All swaps that use WOOFi’s sPMM liquidity will be eligible whether executed through the WOOFi app or via aggregators. Incentives in the pool will be awarded to users based on their total fees paid during each week.
User A’s rewards = (fee paid by user A / total fees collected from sPMM liquidity pool)* total ARB incentives for the week

Distribution details (a fixed 11,538 ARB per week):

Week
Swap fee
ARB per $ fee paid
Close price
Jan 1
$32,884
0.35 ARB
$1.7218
Jan 8
$50,336.32
0.23 ARB
$2.0302
Jan 15
$24,528
0.47 ARB
$1.8162
Jan 22
$26,318.9
0.44 ARB
$1.7987
Jan 29
$23,203.1
0.5 ARB
$1.7315
Feb 5
$23,657.22
0.49 ARB
$1.9417
Feb 12
$34,021.75
0.34 ARB
$2.0396

WOOFi Earn

200,000 ARB tokens are streamed between WOOFi’s ARB, ETH, USDC.e, and WBTC vaults on Arbitrum till March 31 2024. Once a user has deposited and staked their WOOFi Earn LP tokens, rewards will begin automatically accruing each block and can be claimed at any time. For a guide on how to deposit, check out our docs.

WOOFi Stake

All stakers earn a share of 200,000 ARB proportionate to the size of their total staked WOO and multiplier points till March 31 2024. These rewards will be distributed in addition to 80% of WOOFi swap fees and WOOFi Pro net revenue - claimable only via Arbitrum. Not yet staked on WOOFi? We’ve prepared a step-by-step guide for you here.

Quests and widget

50,000 ARB will be used to fund Arbitrum-specific quests in partnership with Layer3 as we strive to shine a spotlight on budding protocols in the ecosystem.
Another 50,000 ARB will be reserved for builders who integrate the WOOFi Widget - a white-labeled product embeddable into any protocol that allows users to cross-chain swap any tokens. These ARB tokens will be used to incentivize cross-chain swaps into Arbitrum only.

ARB distribution contract addresses

  • Merkle distributor: 0x1109E03516eB25eAb2150D0b274B8D4F5F3cF549
  • Chainlink VRF selector: 0x28F88A809cCc085956AB9f978067698d25de014C
  • Staking ARB rewarder: 0x401ff5f78B52EDb57aB019c8988e0Be933AaABCb
  • Earn ARB supercharger distributor: 0xdF0006994c46F4d006eCb2b5aF3e212D94df23e1
  • Earn ETH supercharger distributor: 0xfBBfcCAE3f76AFc0979f20920b4d04d608F873bF
  • Earn USDC.e supercharger distributor: 0x4D0ec3BEF43d72D17C3718C873A75f878A06cA57
  • Earn WBTC supercharger distributor: 0xA397FbA8c5C1aeF9137601C185F6AB0E9CF43662
A WOO product