Reward Change Model for Thor, Freya and Heimdall Node Holders

  1. On Feb 14th 00:00 UTC, Thor nodes will go through the new model transition and all unclaimed THOR Rewards will be cut similarly to Odin transition, but will NOW be recoverable through our DAPP starting Feb 15th through the 17th.
  2. ACTION BY ALL NODE OWNERS: Starting at Feb 15th 00:00 UTC, all Thor tier node owners must use the SPECIAL CLAIM BUTTON in the dApp to claim reduced Thor Tier rewards. DO NOT use the normal claim button. These rewards will be taxed at the 1% claim tax. The recoverable will be the percentage of pending rewards specified in the table below.
  • ALL UNCLAIMED REDUCED REWARDS FROM THE REWARD RATE TRANSITION WILL BE FORFEITED AND PUT INTO THOR SINGLE SIDE STAKING POOL TO SUPPORT THE PROTOCOL.
  • The 48 Hour special claim window will close; and
  • A special 24-hour window will open that allows Thor Node owners to claim any pending Thor tier rewards at the 1% tax rate (i.e., the 8% flat claim tax will be temporarily reduced to 1%). Users will use the normal claim button for these claims.
  1. Just before the Feb 14th 00:00 UTC transition, a pending reward snapshot for Thor tier nodes will be taken. This will be used to calculate a rewards reduction resulting from the transition to the new reward rate.
  2. At the Feb 14th 00:00 UTC transition time, the reward rate transition will take place. In the dApp, unclaimed rewards for the respective node tier will be reduced by the amount the reward rate is reduced. The flat claim tax of 8% will also be enabled.
  3. Before Feb 15th 00:00 UTC, a special claim button will be added in the dApp. NOTE that this will be a new button, different from the normal claim rewards buttons.
  4. ACTION BY ALL NODE OWNERS: Starting at Feb 15th 00:00 UTC, all Thor tier node owners must use the SPECIAL CLAIM BUTTON in the dApp to claim reduced Thor Tier rewards. DO NOT use the normal claim button. These rewards will be taxed at the 1% claim tax. The recoverable will be the percentage of pending rewards specified in the table below.
  5. On Feb 17th 00:00 UTC:
  • The 48 Hour special claim window will close; and
  • A special 24-hour window will open that allows Thor Node owners to claim any pending Thor tier rewards at the 1% ROT tax rate (i.e., the 8% flat claim tax will be temporarily reduced to 1%). Users will use the normal claim button for these claims.
Node Model Transition Roadmap

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