Molten points are finally here! 🌋

After a long wait since the initial proposal in January, we're finally launching our first incentive program using MOLTEN to unify the ecosystem. This article will explain how esMOLTEN works and how you can earn esMOLTEN rewards.

For those looking for a quick rundown: Trade and/or LP on Molten Network, Fantom, Optimism, and zkSync to earn esMOLTEN rewards.

What is esMOLTEN?

esMOLTEN is MOLTEN that's linearly vested over 1 year. What does this mean in practice? It's simple, 1 esMOLTEN can be activated to gradually transform from 0 MOLTEN to 1 MOLTEN over the course of a year. Vesting is linear, which means that waiting 6 months in this example turns your 1 esMOLTEN into 0.5 MOLTEN and 0.5 esMOLTEN.

Let's use this graphic to visualize how this works with our partner Sabiler, who's helping us create these vesting positions.

After you've traded for the week and want to claim and start vesting your esMOLTEN rewards into MOLTEN, this is what you'll likely see. This dashboard lets you audit the esMOLTEN distribution and rewards, ensuring transparency and trust. You can view the total claims, all users' claims/streams, and how others are using their esMOLTEN positions.

Here's how you can monitor any claims during the week and view your vesting position.

From the vesting screen, you can see all the details related to your vesting positions. One neat thing about these vesting positions is that they're actually NFTs! This allows another layer of composability, enabling users to transfer their esMOLTEN vesting position to another wallet, sell it on any NFT marketplace, or even possibly plug it into another NFT focused protocol. For example, if you don't want to vest your esMOLTEN for 1 year but have $5,000 worth of esMOLTEN locked in the position, you can take it to Opensea and sell it for a discount to allow someone else to vest the position, and you can take home some instant profit.

From the stream screen, you can see details related to the positions, including withdrawing (claiming) any already vested MOLTEN from the position.

We made it super easy to track your points too!

From the trading UI, you can see your accumulated esMOLTEN, your estimated USD rewards, volume & fees to the protocol, and the breakdown of the campaign against all other participants.

Remember, your volume determines how much esMOLTEN you can earn. Trade more volume from any pair, and earn a share of the esMOLTEN pot. These rewards are distributed every week, so every week you have a shot to be the king of the hill, earning the most amount of esMOLTEN.

For poolers, every hour you'll earn points as well on the supported networks (Molten Network, Fantom, Optimism, and zkSync) based on your share of the pool. At the end of the week, you'll have an esMOLTEN distribution to claim at the same time traders get their esMOLTEN vesting positions distributed. The APR is already adjusted for how much esMOLTEN would go to poolers on each network, but we're going to be making new adjustments to the UI to help clarify this for poolers.

Terms and Conditions

• Only activity on Molten, Fantom, Optimism, and zkSync will be rewarded at this time.

• Streams can be canceled if we’ve found traders we’re using exploitive measures to acquire points.

• The campaign can be paused at any moment if we find the program to be unhealthy to the protocol.

Quick Links

Discord invite link — https://discord.gg/moltennetwork

Twitter — https://twitter.com/moltenl3

Website -https://www.unidex.exchange/

Leverage Terminal — https://leverage.unidex.exchange/

Pool Liquidity — https://pool.unidex.exchange/

Business Inquiries — ecosystem@moltennetwork.com