Token
*Note: The $ARROW Token is not available for purchase or use by individuals in the United States and other prohibited jurisdictions.
The Arrow token ($ARROW) is an Avalanche ERC-20 token native to the Arrow ecosystem that serves as a utility and access token, granting holders access to activities on the Arrow platform.
Staking
The staking process works as follows:
Users can stake tokens by depositing them in the staking contract, provided they meet the eligibility criteria.
While staked, the user earns rewards in the form of token emissions (some of these rewards are financed by platform revenue).
To un-stake, the user withdraws from the smart contract, subject to a 90-day hold period where no rewards are paid.
To un-stake immediately (to avoid the 90-day hold), the user pays a 30% fee
NOTE: If you are planning to stake long term, please claim rewards once every 6 months to avoid backlogged rewards that may introduce issues to your unclaimed rewards.
Fees
Fees are collected from every option trade in USDC at a rate of 0.075% of the underlying notional. Staking tokens currently allow users to earn more ARROW tokens. Staking tokens in the future will allows users to receive a share of the collected fees based on the quantity and duration of their staked tokens.
In the future, $ARROW may be used in the following ways:
Protocol governance
Margin and option writing insurance
Discounts on platform trading fees
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