Rubic Staking Rounds Statement

Rubic
2 min readApr 28, 2022

Dear Rubicans! Our team wants to clarify the current development of the Staking Program.

We have decided to close the Second Round of our Staking Program, as the conditions of the Third Round will be more contributive to the future development of the Rubic Protocol and will have even better conditions. Also, it will be more oriented towards Rubic holders and accessible to our users due to the larger staking pool volume.

All the finalized conditions of the Third Round will be announced later, but the estimated start date begins from late May to early June. The Third Round will be more token holder-oriented and more effective for the tokenomics of the project. Moreover, the Staking Round mechanics will be improved.

Any user who has participated in Round 2 of Staking will get an extra 20% of the rewards that the user receives until the withdrawal of funds (e.g., today) or the end of the Staking Round, due to a change in conditions. This compensation will be accrued after May 7th.

All the participants of the Second Round of our Staking Program are included in the whitelist for participation in the 3rd Round. Ultimately, the end of the Second Round of our Staking Program makes it possible to join our Liquidity Providing Program and get an APR of up to 27% in stablecoins via https://app.rubic.exchange/staking-lp.

Thank you for your continued and much-appreciated support!

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Rubic

Rubic's Best Rate Finder tool for crypto swaps aggregates 70+ blockchains, 220+ DEXs and bridges, and 15,500+ crypto assets.