Below are several updates on the status of the $RWA rewards program including claims on veRWA rewards.

Last week a depeg of Stack’s CDP MORE caused a significant market event throughout the re.al ecosystem. Between the depeg itself, the pricing impact to other assets on Pearl, subsequent panic selling and overall market chaos, many of the chain’s protocols were impacted.

For the re.al ecosystem, October truly was Uptober.

The RWA Rewards Program S1 is coming to an end. Overall it’s been a huge success, helping kickstart the re.al ecosystem, accruing TVL to protocols and introducing new users to the chain.

Our goal for Season 1 of the rewards program was to introduce new users to re.al, growing accounts while attracting TVL and capital deployments into the protocols on the chain. Reviewing various metrics, Season 1 has been a great first step in launching re.al to a new community of users.

Successful protocols don’t replicate the current meta. They build in response to it and anticipate where it’s headed.

We’re aware of recent struggles with RPCs on the chain, impacting the user experience from protocol site-load to transaction reliability on the chain.

re.al is the DeFi-native L2 for tokenized RWAs built on Arbitrum Orbit. re.al seeks to meet DeFi users’ demands for high yields by using off-chain yields from RWAs as a sustainable solution for native liquidity incentives, maximizing yields for users in a flywheel custom built for the chain. In doing so, re.al unlocks the potential of tokenized real world assets to revolutionize the way people invest and build wealth and we need your help to spread the word!

The veRWA rewards program is officially live at https://re.al/rewards