We are thrilled to announce the launch of ARPA AVS Season 2 Community Rewards, marking another significant milestone in our commitment to reward our dedicated community. As a top 3 Attestation Verification Service (AVS) by the number of stakers, we continue to lead the way in innovation and community engagement within the EigenLayer ecosystem.
Building upon our pioneering efforts as the first-ever AVSâââoutside of EigenDAâââto launch a rewards program through EigenLayerâs Programmatic Incentives system, Season 2 brings even more exciting opportunities for our restaking community. With a longer duration, increased rewards, and an inclusive reward structure that now benefits ARPA token holders, weâre reinforcing our commitment to fostering a robust and sustainable staking ecosystem.
Season 2 Rewards: Bigger, Better, and More Inclusive
Season 2 is designed to enhance the staking experience by offering more substantial rewards over an extended period. Hereâs how weâre making Season 2 bigger, better, and more inclusive:
Extended Duration: With a 70-day duration, Season 2 offers a longer-term opportunity for our community to earn rewards.
Increased Total Rewards: The total reward pool has increased tenfold from Season 1 to 140,000 ARPA tokens, providing more substantial incentives.
Inclusive Reward Structure: For the first time, ARPA token holders can participate directly and earn rewards by staking their ARPA tokens on EigenLayer.
Reward Breakdown for Season 2
Duration: 70Â days
Total Rewards: 140,000Â ARPA
Distribution:
50% (70,000 ARPA) allocated to ARPA restakers
35% (49,000 ARPA) allocated to ETH/Liquid Staking Token (LST) restakers
15% (21,000 ARPA) allocated to EIGEN restakers
This new distribution model not only continues to reward those who contribute to the security and stability of ARPA AVS but also brings ARPA token holders into the fold. By including ARPA restakers, weâre fostering a more inclusive and robust staking ecosystem.
Weâre committed to building a strong restaking community and will continue to explore new opportunities and innovations. Thank you for your ongoing support.
About ARPA
ARPA Network (ARPA) is a decentralized secure computation network built to improve the fairness, security, and privacy of blockchains. ARPA threshold BLS signature network serves as the infrastructure of verifiable Random Number Generator (RNG), secure wallet, cross-chain bridge, and decentralized custody across multiple blockchains.
ARPA was previously known as ARPA Chain, a privacy-preserving Multi-party Computation (MPC) network founded in 2018. ARPA Mainnet has completed over 224,000 computation tasks in the past years. Our experience in MPC and other cryptography laid the foundation for our innovative threshold BLS signature schemes (TSS-BLS) system design and led us to todayâs ARPAÂ Network.
Randcast, a verifiable Random Number Generator (RNG), is the first application that leverages ARPA as infrastructure. Randcast offers a cryptographically generated random source with superior security and low cost compared to other solutions. Metaverse, game, lottery, NFT minting and whitelisting, key generation, and blockchain validator task distribution can benefit from Randcastâs tamper-proof randomness.
For more information about ARPA or to join our team, please contact us at contact@arpanetwork.io.
Learn about ARPAâs recent official newsïŒ
Twitter: @arpaofficial
Medium: https://medium.com/@arpa
Discord: https://dsc.gg/arpa-network
Telegram (English): https://t.me/arpa_community
Telegram (Turkish): https://t.me/Arpa_Turkey
Telegram (Korean): https://t.me/ARPA_Korea
Reddit: https://www.reddit.com/r/arpachain/
