We love nothing more than taking a great project and letting Cadets learn, earn, and win with the best of the community. Our latest Community Pot is no different, and we’re proud to team up with everyone’s favorite APY tracker - Yieldwatch. Just stake WATCH, earn, and win!
What’s different with this Pot?
Unlike our other Pots, all WATCH interest and prizes in the Watch Pot are supplied directly by YieldWatch. This strategy deposits your WATCH tokens in a Moonpot WATCH vault, which autocompounds your WATCH tokens from a fixed supply of WATCH provided by the YieldWatch team. 5 winners will be drawn every 30 days.
All of the WATCH provided by YieldWatch goes to Moonpot players. Half is used to give you interest. The other half is used for Prize Draws and Ziggy’s Pot rewards.
We’ll also be adding a 1250 $POTS boost for the first draw.
The APY earnings of the overall yield are divided as follows:
— 50% paid to Cadets as interest
— 40% is put into the WATCH prize draw
— 5% is sent to Ziggy’s Pot (sold for POTS and paid out to Cadets who’ve staked POTS)
— 3% is sent to Ziggy’s Pot for Ziggy’s bi-weekly Prize Draw (sold for BUSD and paid out to Cadets who’ve won draw)
— 2% is sent to the Moonpot Treasury
Stay tuned into our Moonpot satellites for more updates
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