Multichain Released veMULTI Q3 Rewards - 1.36 million to be distributed in USDC
Meanwhile, the veMULTI Q2 rewards distribution has concluded, with a total of $3,901,975.04 from Multichain Q1 bridge fee paid out.
- Meanwhile, the veMULTI Q2 rewards distribution has concluded, with a total of $3,901,975.04 from Multichain Q1 bridge fee paid out.
- veMULTI NFT holders can earn USDC rewards from Multichain bridge fees and participate in the governance by staking MULTI, the governance token of Multichain.
- According to the veMULTI proposal , except for the 10% bridge fees for the purpose of the Safety Fund, 45% of Multichain bridge fees are distributed as incentives and dispersed every quarter in USDC.
- This proportion of bridge fees from Q2 2022 are distributed in Q3 2022 as rewards, starting from July 14th at 2:00 AM UTC.