$65000 Reward pool for AVADO user
Avado is Stader’s plug-and-play PowerUp partner. The partnership aims to lower the technical barriers of running an ETH node. A healthy prize pool of $65000 has also been apportioned to incentivise ETHx node operators using Avado machines.
These incentives have been categorized into 2 batches:
New Avado user
Existing Avado user
New Avado user
This is for new Avado users who purchase their device on or after July 2023.
Such users will be eligible for an airdrop of $100 per ETHx validator that they spin.
Avado will setup a system with a form where users can upload their deposit files and prove ownership with AVADO NFT to get $SD tokens in their account.
$SD tokens will be used to fund the bond of the validator.
It is limited to 16 validators per device.
This incentive is limited to the price of the device purchased.
For devices priced at $900, up to 9 validators can be set up with an equivalent incentive in SD tokens.
For devices priced at $1600 or more, up to 16 validators can be set up with a corresponding incentive in SD tokens. Meaning they would get maximum of $1600 worth $SD.
All the incentives would be in $SD tokens only.
400 validators slots are available under this program & shall be filled on a first-come-first-serve basis.
Existing Avado user
This is for existing Avado users who run an ETHx node on mainnet.
User would be eligible for $50 worth of $SD tokens per ETHx validator that they set up.
It is limited to 8 validators per device.
500 validators slots are available under this program & shall be filled on a first-come-first-serve basis.
Disbursement plan
Avado will setup a system with a form for tracking & disbursement.
Users are requested to upload their deposit files and prove ownership with AVADO NFT to get $SD tokens in their account.
$SD tokens will be used to fund the bond of the validator.
All the incentives would be in $SD tokens only.
AVADO and Stader Labs have the final rights over distribution of tokens.
In case of any edge cases, the incentive distribution schedule is subject to change.
Frequently Asked Questions
1. What is the currency that the incentive will be in? Will it be ETH/USDC/$SD tokens or any other token?
The incentive will be in $SD token & shall be airdropped by Avado to the wallet provided.
2. What is the maximum incentive I can get?
The maximum incentives is dependent on multiple factors - whether you are a new Avado owner or an existing one & price of your device.
New i5 device - $900 for 9 ETHx validators
New i7 device - $1600 for 16 ETHx validators
Existing owners - $400 for max of 8 ETHx validators
3. Can I get unlimited incentive?
The incentive comes with a cap. Please find the maximum incentive possible per device below:
New i5 device - $900 for 9 ETHx validators
New i7 device - $1600 for 16 ETHx validators
Existing owners - $400 for max of 8 ETHx validators
4. I have Avado device but I am not running an ETHx node, will I also get the rewards?
You need to activate the Stader package and run an ETHx node to be eligible for consideration.
5. How many validators will be eligible per device?
Please find the maximum validators eligible as per device below:
New i5 device - 9 ETHx validators
New i7 device - 16 ETHx validators
Existing owners - 8 ETHx validators
6. I am existing Avado user, but I plan to run ETHx node a month later, would I still get the incentive?
You are requested to spin the ETHx node and add the validators at the earliest. There are a fixed number of slots for incentives which will be filled on a first-come first-served basis.
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