Bonus Vaults
The Glue Network offers attractive lockup options to reward participants who commit to long-term involvement in the ecosystem. By locking up your $GLUE tokens, you gain access to significant bonus rewards, which increase depending on the duration of the lockup. These incentives are designed to align community interests, promote stability, and encourage long-term participation.
How it works is quite simple: If you lock up your tokens for longer, you get more bonus tokens.
You can claim your tokens in two forms:
Liquid
If you claim your tokens in liquid form, you will NOT receive your tokens today. You will get them airdropped to you when trading starts. If you choose this option, you will NOT be able to take advantage of the lockup incentives and will miss out on the bonuses. You will however be able to trade the tokens immediately when trading starts.
Bonded
If you intend to take advantage of the lockup incentives and bonuses, then you will receive your tokens in pre-bonded form. The claims portal will allow you to claim your token and then immediately decide what duration of lockup is desirable to you to participate in. If you are planning on holding, this is the option for you.
Keep in mind you will NOT be able to sell if you do this until the duration of the lockup period you chose is finished.
You can however, mix and match the two above options. You can claim a portion of your tokens in liquid form and lockup other portions of your tokens for the lockup incentives and bonuses.
Please keep in mind, given the decentralized nature of Glue, once you submit your choice of locking up periods, however you might allocate, it is NOT at all possible to change your mind. It is entirely out of our hands given the decentralized nature of Glue and we will not be able to change it. Please choose and decide carefully.
Bonus Validator Rewards
Additionally, locked up tokens will receive validator rewards automatically in addition to the lockup incentives and bonuses. This is automatically done for you and therefore there are no additional steps to take to receive validator rewards.
While the exact percentage is being finalized, it’s likely to be in the 4-6% range (but could swing higher or lower). Bonuses vest linearly but can be claimed all at once, easy and straightforward.
There is a slashing risk so keep that in mind but we think it is rather small. Having tokens validate the network is crucial for decentralization of the network so this is a huge step towards being well decentralized and secure for Glue!
Claim Process
If you participated in both the LBP and the public presale, please note that you’ll need to claim each allocation individually.
FAQ
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