Today we are happy to announce that the SNOW Staking Vault has launched on https://stake.snow.icenetwork.io/. Users are able to connect their SNOW wallet and choose from two SNOW lock-up periods.

Rewards and lock-up periods

When a user deposits $ICZ in the SNOW Staking Vault, the displayed return rate (APR) will apply to that deposit for the entire lock period. The displayed APR will drop as more stakers and liquidity enter the SNOW Staking Vault, but this does not affect prior deposits. The SNOW Staking Vault has launched with two available lock-up periods and the following constraints:

3 Month Lock-up

  • Maximum liquidity: 100,000,000 ICZ
  • Maximum amount of stakers: 5,000
  • Maximum deposit per user: No cap
  • Maximum deposit per transaction: 5,000,000 ICZ
  • Minimum deposit per user: 5 ICZ

6 Month Lock-up

  • Maximum liquidity: 150,000,000 ICZ
  • Maximum amount of stakers: 5,000
  • Maximum deposit per user: No cap
  • Maximum deposit per transaction: 5,000,000 ICZ
  • Minimum deposit per user: 5 ICZ

Early withdrawal from the SNOW Staking Vault is possible, but no rewards will be distributed in this scenario. In order to receive the projected rewards, $ICZ must be staked for the full duration of the selected lock-up period.

SNOW Staking Vault Rewards

SNOW Staking Vault is a part of the SNOW Retention Rewards as outlined in the SNOW tokenomics overview. As the SNOW Network will grow with native projects and dApps, we think it is important to reward crowdloan supporters and community members who actively stake or provide liquidity on SNOW.

A large part of SNOW token supply (50%) is allocated towards the community incentives treasury and the three main aspects of the treasury are:

  • Retention Rewards (20% of SNOW token supply)
  • Liquidity Incentives (15% of SNOW token supply)
  • Developer Incentives (15% of SNOW token supply)
SNOW Tokenomic Distribution
SNOW Tokenomic Distribution

Join us in the ICON Discord - the home of ICE and SNOW

For questions and discussion on all ICE and SNOW related topics, we invite you to join us in the ICON Discord - the home of ICE and SNOW.

Users who join the ICON Discord and link their Kusama/Polkadot Wallet address are eligible for future SNOW events and giveaways!

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JOIN DISCORD TODAY