Arcade Foundation Unleashes $ARCD
ArcadeDAO officially launched its governance token $ARCD, now live on the Ethereum mainnet, enhancing its decentralization journey and now allowing for token transferability and trading.
The Deets
- Governance Participation: $ARCD token holders can engage in decision-making.
- Staking Opportunities: Stake $ARCD or $ARCD/wETH LP tokens to earn rewards.
- Increased Liquidity: Liquidity providers earn $ARCD rewards on each block.
- Time-Locked Rewards: Earn more by locking in your staking duration.
The Bulk
ArcadeDAO has taken a significant leap forward by introducing its governance token $ARCD on the Ethereum mainnet and enabling transferability, trading, and staking.
Now holders of $ARCD have multiple staking opportunities, including direct $ARCD staking and $ARCD/wETH liquidity pair (LP) staking on Uniswap V2, both of which allow users to earn $ARCD tokens as rewards.
Further, ArcadeDAO has introduced a unique time-lock feature in its staking process, allowing users to select specific time frames for staking their tokens, which in turn qualifies them for future rewards under the Arcade protocol. This approach not only secures long-term user involvement but also stabilizes the token's utility within the ecosystem.
Those who previously participated in Arcade's Level 1 can now claim $ARCD as well. Future users will have the opportunity to participate in up to 10 levels, promoting further growth and platform usage.
🔜 What's Next?
ArcadeDAO plans to introduce additional features and levels for $ARCD staking, aiming to further incentivize and reward the community. In addition, the protocol aims to further build on Base and Bitcoin. Keep your eye out for the Base version of "Clash of Claims," offering users the opportunity to join $ARCD holders and participate in future governance.
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