How does the governance reward distribution work?

gcb · February 2, 2021, 5:37pm

I’m still wondering how the governance reward distribution works.
97k tokens were added to the distribution contract on 4:47 PM · Feb 2, 2021
Who get’s these tokens and when? I noticed they are allocated gradually. Are these 97k tokens distributed over a week, that is X tokens per minute? I can still claim a part of these tokens even when I join mid week?

mthaza222 · February 3, 2021, 9:11am

I am also staking, and would like someone explane it… a bit confusing to me how this works, thanx

fred · February 3, 2021, 9:58am

Same here, i really would like to know how the rewards for staking (the apy) is calculated and how often. The spread is quite high, varying between 40% in January and 13% now. Is this only depended on the volume or are there other factors like how much 1inch is staked?

mthaza222 · February 3, 2021, 11:21am

yes, apy diped from 32% to 13% now… dont have any idea why this happend

SrZarath · February 3, 2021, 1:02pm

As I understand the rewards for governance stake come from the swap fees that users make. That is, on the one hand a percentage of those fees go to the development of the page and the other to the rewards of the users for their stake.

Tovarish · February 3, 2021, 4:28pm

Staking APY depends on how much tokens staked and on a price of 1inch token.
1inch price up = APY down
more tokens staked = APY down
For staking APY to keep up with increasing price 1inch protocol needs more trading volume

fred · February 4, 2021, 9:43am

Thank you for your explanation!