Campaign Outline:

Stake > 0.5 BNB during 23 Sep 2022 9:00 UTC to 14 Oct 2022 17:00 UTC on https://bit.ly/3St2R3j8795 to mint an exclusive NFT on https://galxe.com/staderlabs/campaign/GCL9aUtbtF & earn 10-20% extra staking rewards over Stader’s BNB staking APY on your staked BNB value by staying staked with Stader Labs for at least a month.

Note: Even if you stake >0.5 BNB in the above duration, please wait for your credential to be recognized by 14 Oct 2022 17:00 UTC only and you can then mint NFTs anytime post 14 Oct 17:00 UTC 2022. Also, extra rewards start flowing in every month end - Oct 31 onwards.

Campaign Terms:

• Users having a net staked amount of >0.5 BNB in the above mentioned duration can mint NFTs anytime post 14 Oct 2022, 17:00 UTC.
• To be eligible for the first round of extra SD rewards, users need to mint the NFTs and stay staked for at least 18 days after campaign end date i.e. from Oct 14 - Oct 31. For the purpose of calculating extra SD rewards, the number of months the user is staked for is calculated from Oct 1, 2022.

Note: Users are encouraged to stay staked to keep earning usual staking rewards on their staked BNB. The usual staking rewards (currently ~15% APY) will accrue regardless of staked duration limits.

• Additional SD Rewards will be airdropped at the last day of every month after the above 2 conditions are met i.e. Oct 31, Nov 30, Dec 31, and so on.

• Additional SD Rewards will be calculated in monthly blocks only. Say, someone stays staked from Sep 30 to Dec 10, in this case the user will get extra SD rewards for 2 months i.e Oct & Nov.

• Max staked BNB eligible for rewards: 100 BNB, if you stake > 100 BNB, only 100 BNB will be eligible for additional rewards

• The eligible DeFi strategies for the purposes of this campaign are farming BNBx on Wombat Exchange LS pool & BNBx:BNB crypto pool on Ellipsis Finance and Apeswap. If the user parks their BNBx in any other DeFi protocol apart from these 3, their staked value will NOT be eligible for extra SD rewards

• Staked amount for the purposes of calculation of rewards that stem from this campaign will be calculated as follows: Net BNB amount staked = (BNBx in your wallet + BNBx:BNB LP token (of Ellipsis) + BNBx:BNB LP token staked (on Ellipsis) + BNBx LP (of Wombat) + BNBx LP staked (on Wombat) + BNBx:BNB LP token (of Apeswap) + BNBx:BNB LP token staked (on Apeswap)) * BNBx exchange rate(of that day)

• For the purposes of additional reward calculation,

  • The value of staked BNB that will be considered will be an average of the daily calculated net BNB amount staked
  • The staking APY considered for each month’s additional SD reward payout will be the average of the daily APY calculated throughout the month

• Following are the reward tiers users may fall in depending on the duration they stake BNB with Stader for.

          - Month 1 (Oct’22) : **10% extra** staking rewards each month
  
          - Month 2 (Nov’22): **15% extra** staking rewards each month
  
          - Month 3 (Dec’22): **20% extra** staking rewards each month
  

• If the net staked BNB drops below 0.5 at any point during the campaign, then the user will be ineligible for the extra SD rewards during that month and remaining period of the campaign. However, the usual staking APY (~15% at the time of writing) will accrue as usual regardless of net staked BNB amount.