Here’s all you need to know to enter the draw!
The first Lucky Draw is coming in 7 days. Here’s what you need to do now to participate!
And why would you want to do it? It’s your chance to significantly increase your Common Staking Drops balance, even if the amount of your AZERO staked is not that high.
Here’s an example:
- To get 375,000 CSD in Round 2, you’d have to stake 375,000 AZERO throughout the whole round.
- With Lucky Draw, you can get just as much, with as little as using tokens worth 10 USD for swapping or in Liquidity Pools.
Here’s how to enter the draw and maximize your chances of winning.
Updated: Entering the Lucky Draw
To make the rules more clear and equal to everyone, while also addressing the feedback coming from the community, we have updated the rules for the next Lucky Draws. Please note that for the first Lucky Draw, rules were as initially stated, which means you could enter the draw with volume or LP value of at least 10 USD, with 1,000 winners.
The updated rules for the Lucky Draw–effective as of now–are:
To enter the draw, you need to do one of the following within the week before the Lucky Draw:
– Swap with a total volume value of more than 1,000 USD;
– Provide Liquidity with a total value locked of more than 1,000 USD.
But there’s more! You can get an additional ticket for the raffle with each 1,000 USD in volume or liquidity! One account can only win once, but you can significantly increase your chances of winning the top prize!
The USD values of volume and liquidity are calculated on the day of the draw, based on your on-chain activity history in Common. Volume is considered for 7 days back from the time of the Lucky Draw distribution, based on swaps involving whitelisted assets and tokens verified on psplist.xyz at the time of the announcement. The eligible trades are such that both (bought and sold) tokens are on PSP Verified Tokens List and at least one of them is among USDT, USDC, WBTC, WETH, AZERO. The volume on the checker considers only the eligible trades. Liquidity is considered on the basis of daily averages calculated over the same period.
This means the Lucky Draw starts now!
The more tickets you collect, the higher chance that you can win, although keep in mind that every participant can only win once. Fair is fair, and we want to reward as many users as possible!
Updated: the Prizes and Their Distribution
There are only 100 winners that will get their share in the pool of 3,750,000 CSD!
Below, you’ll see the full breakdown of what you can expect depending on what lucky prize-winning ticket you draw!
- 1st place: 500,000 CSD
- 2nd to 10th place: 150,000 CSD each
- 11th to 100th place: 25,000 CSD each
Where to check your Liquidity and Volume?
To check the liquidity you are contributing to Common AMM, connect your account on app.common.fi and see the “Your positions” tab in the Account view.
To check the volume you have generated, head over to volume.common.fi. Enter your account address and check the volume generated, together with your trade history.
Here’s what you need to do–the recap!
Want to increase your CSD position with the Lucky Draw?
- Keep using Common on a weekly basis
- Check your rewards each week on ascan.alephzero.org/common!
It’s as simple as that!
