We're back with a new incentive program! This time, we're distributing 1 million ARB to users within the Socket Ecosystem. This will begin on the 8th of February and is expected to last around 2 months.
The 1 million ARB will be split as follows:
- 700k ARB will be available for users to claim based on fees paid whilst bridging using Bungee or a participating Dapp with bridging powered by Socket
- 300k ARB will be distributed to users who onboard to Orbit Chains via Socket SuperBridge or bridge SuperTokens to Arbitrum.
How does it work?
Users will be rewarded 80% of fees paid for bridging to Arbitrum back to them in ARB at the end of each month the program is ongoing. The following is the calculation used to calculate reward accrual:
Reward amount = 80% of Bridge fees + Source gas fees in USD (based on daily ARB price)
where Bridge fees = Source amount — Destination amount (in USD)
Please note - It can take around an hour for rewards to be visible on https://www.socketscan.io/rewards. If after an hour, rewards still aren't visible, please reach out to us either via Discord or by opening a ticket.
Which bridges are eligible?
Any bridge made via Bungee or another participating member of the Socket Ecosystem, where the destination chain is Arbitrum, will accrue rewards, regardless of the token bridged or chain bridged from.
Is there a limit on how much ARB I can accrue?
No, there is no limit on the amount of ARB each user can accrue. You'll be able to continue accruing rewards for each qualifying transaction until all the ARB is expended.
Participating Dapps:
All Dapps with in-dapp bridging powered by Socket with routes to Arbitrum are participating in ARB incentives.
Please note: While some Dapps may not explicitly showcase rewards on their UI, transactions meeting the requirements will still accrue rewards if the bridge is facilitated by Socket