DVG Staking Rewards: DAOventures treasury to support and reward community participation
Following the announcement of our three new staking pools earlier this week, we now bring more good news for our community. As a means to give back to those who have been supporting us, we are pleased to announce that DAOventures is now allocating some new funds for the community.
For those of you that will be staking on the Ferrum network from Sunday, we are issuing the $DVG tokens from our treasury. The total amount that we will be allocating for the rewards is 56,712 DVG tokens.
We at DAOventures are inspired and powered by our community and in light of our new developments, we decided to give back to the same community that has been so supportive. This is why the rewards will be coming straight from our treasury.
“The reward is our acknowledgment towards your continuous support and confidence in us. We are truly grateful and confident this will be an exciting journey as we thrive together to bring DeFi to the masses.” — Victor Lee & Alvin Foo, Co-Founders, DAOventures
Details About the Rewards
The staking system will be launched in three tiers; Flexi Gold, Diamond, and Platinum VIP.
For Flexi Gold, staking will begin on February 28, 2021, staking contributions will end on March 5, 2021. Early withdrawals will then start on March 10, 2021, and will end on April 4, 2021. The maturity period for Flexi Gold is 30 days and the total rewards to be disbursed are 3,287.67 $DVG.
For the Diamond plan, staking contribution start and end date are the same as with the Flexi Gold plan but early withdrawals will start on March 20, 2021, and end on May 4, 2021. The total rewards to be disbursed for this plan is 16,438.36 and the maturity period is 60 days.
Finally, for the Platinum VIP plan, the maturity period is 90 days and the total reward is 36,986.30. Staking will begin on February 28, 2021, staking contributions will end on March 5, 2021. Early withdrawals will begin April 4, 2021, and end on June 3, 2021.
About Ferrum Network:
The Ferrum Network’s mission is to revolutionalize DeFi by offering an ecosystem that can operate across multiple chains and foster mass adoption. Founded in 2018 the Ferrum Network currently boasts 20,000 active users, four working products, a functioning incubator/advisory arm as well as over 50 clients.
The platform is well-known for its non-custodial UniFyre Wallet whose ‘Link Drop” function has forever changed how people send and receive crypto.
DAOventures is a DeFi robo-advisor and automated money manager platform. Imagine “Robinhood for DeFi”. It is our mission to make DeFi simpler, accessible & inclusive. We believe in creating a simpler, more accessible, and more open world that is permissionless, inclusive, and guided by our DNA of continuous learning, integrity, and transparency.