1. WOOFi, a decentralized trading protocol, plans to allocate 1 million ARB rewards across various components of its ecosystem over the next three months.
2. The rewards distribution is structured as follows: 200,000 ARB for WOOFi Earn's token vaults, 200,000 ARB for WOOFi Pro to incentivize traders, 200,000 ARB for WOOFi Stake participants, 150,000 ARB for WOOFi Swaps as fee compensation, 150,000 ARB for WOOFi Cross-Chain Swaps, and 100,000 ARB for specific tasks within the WOOFi network.
3. The goal behind this reward allocation is to stimulate user engagement within the WOOFi ecosystem.
4. Incentives are directed towards traders, stakers, and individuals completing designated tasks to attract more users and expand the protocol's influence.
5. The rewards are intended to foster growth and increase participation in WOOFi's decentralized trading functionalities.
6. WOOFi aims to enhance its market presence by encouraging active involvement through these rewards.
7. The distribution strategy targets different aspects of the protocol to engage and retain a diverse user base.
8. Allocation to WOOFi Earn supports token vaults, while WOOFi Pro incentivizes traders, fostering increased activity on the platform.
9. Fee compensation for WOOFi Swaps and Cross-Chain Swaps aims to provide additional benefits to users utilizing these services.
10. Overall, the rewards program is designed to fuel participation and expansion within WOOFi, driving its growth as a decentralized trading protocol.
