395,000 ARB will be distributed to WOOFi users over 12 weeks

It’s time to run it back

You thought WOOFi’s ARB incentives were over? Think again. WOOFi has proudly qualified for another 395,000 ARB as part of the Arbitrum DAO’s STIP Bridge, and it won’t be long before we begin distributing them. Here’s everything you need to know to map out your strategy and make the most of this opportunity.

WOOFi Earn

Deposit into any of WOOFi’s 4 Arbitrum supercharger vaults (ARB, WBTC, USDC, and ETH) to earn a share of 11,520 ARB every week. All vaults are single-sided, and rewards will automatically begin accruing once you’ve staked your WOOFi LP Earn tokens. You can claim your ARB at any time. For a quick guide on how to deposit, head over to our docs.

WOOFi Pro

Trade perps on WOOFi Pro using Arbitrum to receive a share of 9,875 weekly rolling ARB rewards. The greater your volume at the close of each week, the greater your share of the pot! Rewards will be distributed proportionally according to the weekly trading score of each address.

TradingScore_user=WeeklyVolume_user^a RewardAllocation_user= 9,875 ARB * TradingScore_user/TotalTradingScore

• “a” will be set as 0.6 initially, and may be adjusted to ensure a wide distribution

• A user’s rewards cannot be greater than 75% of their fees paid for the week

• A user’s address is ONLY eligible if at least 90% of the deposits were made on Arbitrum

WOOFi cross-chain swaps

For the next 12 weeks, all cross-chain swaps into Arbitrum from any chain (Ethereum, Optimism, BNB Chain, Polygon, Avalanche, Linea, Mantle, and Base) will have the following fees refunded:

• Destination gas fee (additional gas tokens requested are excluded)

• Bridge fee

• Swap fee on the source chain

Refunds will be given each week and calculated according to the daily close price of ARB the day before distribution.

If the cross-chain swap fees for the week exceed the USD value of the weekly ARB incentives, refunds will be distributed proportionally among users based on their share of the total swaps fee.

WOOFi Stake

WOOFi stakers will receive a share of 3,291 ARB each week proportionally according to each user’s total staked WOO and multiplier points. Rewards will be streamed every block and no action is needed to qualify other than staking WOO at https://fi.woo.org/swap/stake. For a guide on how to stake with WOOFi, see our GitBook.

How to claim

ARB rewards for WOOFi Pro and cross-chain swap fee refund will be calculated at the close of each week and be available to claim the following Monday via a button in the WOOFi app. For WOOFi Earn and Stake, rewards can be claimed as normal via their respective interfaces.

The content above is neither a recommendation for investment and trading strategies nor does it constitute an investment offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself.

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