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:

1. Protocol governance

2. Margin and option writing insurance

3. Discounts on platform trading fees