Loyalty Program Season 1
Neemo Finance’s Loyalty Program offers real yield instead of any points and incentivizes long-term stakers over short-term point farmers. This real yield comes from the pool of staking rewards that are generated when deposited ASTR are staked on Astar Network. Now, the greater your stake and the longer you stake it for, the greater your share of that reward pool.
Additionally, we offer Loyalty NFTs that can be earned upon staking your ASTR and moving up the tiers.
Staking Tiers
Membership tiers are determined by both the staking period and the tier thresholds. Users will automatically advance to the next tier when they meet both the staking period requirement and the tier threshold.
If users meet the Entry tier conditions and the staking period requirement but have not yet reached the tier threshold, they will advance to the next tier once the required amount is staked.
If users reach the tier threshold but the staking period has not yet been completed, they will need to wait until the required period is met before advancing.
For example:
Once the user stakes a minimum of 5,000 ASTR, they will enter the Entry tier. After 3 months have passed, the user will need to stake a minimum of 100,000 ASTR to advance to the Elite tier. This process continues similarly for higher tiers.
Conversely, even if a user starts by staking 300,000 ASTR, it will still take 7 months to reach the Ultimate tier.
Tier | Staking period | Weight (Wt) | Tier Threshold |
---|---|---|---|
Entry | 0 month | 1 | 5,000 |
Standard | 1 month | 1.49 | 10,000 |
Elite | 3 month | 2.68 | 100,000 |
Ultimate | 7 month | 4.3 | 300,000 |
The overall rewards that the users get are based on the below formula.
R: Total rewards for all ASTR staked in the Loyalty program for the period.
Pt: Percentage of the total staked ASTR in the tier.
Wt: Weight for the membership tier.
Rt: Rewards for the tier for the period.
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