KEY TAKEAWAYS
- Mantle launches the Mantle Rewards Station, offering 570,000 $EIGEN tokens to participants.
- Participants can lock $MNT tokens to earn MNT Power (MP) and allocate it across various reward pools.
- The initiative encourages longer lock-up periods with higher MP multipliers for greater rewards.
- Users must delegate their wallet to L1 to claim $EIGEN tokens after the campaign ends.
Mantle has launched a new initiative called the Mantle Rewards Station, offering participants the opportunity to earn a share of 570,000 $EIGEN tokens. This initiative allows users to lock their $MNT tokens to build MNT Power (MP) and participate in multiple reward pools.
The event is set to begin on December 11, 2024, at 10:00 AM UTC and will conclude on March 11, 2025, at 10:00 AM UTC. During this period, users can allocate their MP to various reward pools, providing flexibility in earning rewards based on personal preferences.
Maximizing Rewards Through MP Allocation
Participants can adjust their MP allocation at any time by accessing the “Ongoing” tab, where all live reward pools are displayed. The MP allocation slider allows users to set their preferences for each pool, and changes can be saved by clicking “Confirm Allocation.” New deposits will automatically follow the current percentage split across active pools.
The initiative encourages longer lock-up periods by offering higher MP multipliers, which can lead to greater potential rewards. The rewards are determined by the amount of MP locked and are calculated through four random daily snapshots.
Claiming $EIGEN Rewards
To claim $EIGEN tokens, users must delegate their wallet address to L1. The rewards claim window will open after the campaign concludes, with the exact claim time to be announced. Further details will be shared on Mantle’s X/Twitter account.
Previously, Mantle distributed over 2 million $EIGEN tokens through the mETH Holder Advantage initiative, which rewarded the community for adopting $mETH, an ETH liquid staking token. The current Mantle Rewards Station offers another opportunity for the community to earn $EIGEN tokens.
For more information, visit the official announcement here.
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