Announcement｜Trojan&iliad staking APY, New Adjustment Coming on August 14th
Dear Aresians, Ares Protocol has gone live on the mainnet and is currently adapting and upgrading its existing products. The team has decided to make changes to the Trojan & iliad regular staking further onwards. From 14 August 2023, the new round of regular staking will be based on the latest APY, ranging from 10% — 20%.
Until 14 August, all returns will still be calculated at the existing APY and you will be able to withdraw your award at any time. Withdrawals of the principal will be allowed after the completion of the ARES staking term of your choice. If you do not withdraw your rewards in time by 14 August, all your rewards will be affected and they will all be calculated at the latest APY.
If you want to get higher rewards, you can stake on the mainnet Odyssey. Recently, the APY for staking is up to 90.4%!
Regular staking Adjustment APY
Starting from 14 August, the regular staking product will remain in 3 tranches, namely 60 days, 120 days, 180 days. The APYs will be adjusted to 10% for 60 days; 15% for 120 days; 20% for 180 days respectively.
This adjustment to regular staking requires users to take out their previous rewards instantly, and from 14 August, rewards will be calculated at the latest APY. If you wish to participate in the new term staking, please confirm the relevant contract address at:
60 days： 0x197278795f8f54f5a7cb2908de450102ca462822
120 days: 0xea269b10bd0a13b05bd6c36327aa7b38d74ee867
Reward Calculation Rules and Withdrawal Methods
As regular staking expired user
Withdrawal of rewards before 8.14 is calculated using the original (4.11) APR.
Withdrawal of the rewards after 8.14 is calculated using the latest (8.14) APR.
1. Open the Trojan or iliad staking page. Click on regular staking and select the days you have previously chosen.
（If you do not withdraw your rewards in time by 14 August, all your rewards will be affected and they will all be calculated at the latest APY.）
2. Select ‘Claim and Unstake’ to withdraw your principal and rewards.
3. Confirm the transaction, confirm the gas fee and click ‘Confirm’.
As regular staking unexpired user
For rewards withdrawn before 8.14, the original (4.11) APY is used for rewards generated and the latest (8.14) APY is used to calculate the remaining rewards.
For rewards withdrawn after 8.14, all rewards are calculated using the latest (8.14) APY.
If your regular staking button is greyed out, you will need to wait until a specified time has elapsed before withdrawing the principal. You can make a bonus withdrawal first. (If you do not withdraw your rewards in time by 14 August, all your rewards will be affected and they will all be calculated at the latest APY.）
High returns on mainnet Odyssey staking
While Trojan&iliad’s regular staking products have waned in their place in the overall structure of the program, Ares Protocol has been committed to continuing to reward the community. Currently, Ares Protocol’s mainnet Odyssey has been running for over nine months and has surpassed 35,600,000 ARES of total staking volume with an APY of 90.4%.
How to join the mainnet Odyssey
You can become a nominator or validator by staking according to past tutorials and getting a generous annualized reward. We look forward to your joining us and contributing to the development of Ares Protocol!
Ares Protocol is a decentralized cross-chain oracle platform that introduces a truly new generation of cross-chain oracle service protocols with on-chain data verification and is the first to open a compensation channel for data users in case they suffer business losses due to the use of data provided by the oracle.
Ares Protocol is an oracle solution with security using VRF, developed on the Substrate framework, and it supports hybrid Babe and off-chain workers. It integrates Polkadot’s latest on-chain governance, brings the Optimistic Rollup challenge model into the oracle field, supports the Ink contract ecosystem, and brings better oracle services to DeFi Developers.
🌐 Ares Protocol Social Media
Telegram Group: https://t.me/aresprotocollab
Telegram Channel: https://t.me/AresProtocolAnnouncements