As the summer sun sets, so too does SubQuery's exciting Summer Delegation Frenzy Campaign. After an excellent 3 months, our SubQuery Delegation Frenzy came to a close on 18 October 2024. We hope you all enjoyed your time in the program, learning about Delegating on the SubQuery Network and maximising your SQT rewards, while having fun and participating in challenges.
Through our years of building SubQuery, our thriving community has been at the forefront of everything we do. We remain committed to providing activities and opportunities to earn rewards, while helping spread the word of SubQuery worldwide and contribute to the decentralised future.
Campaign Success Highlights
Throughout the duration of the campaign, we witnessed a surge in community participation and SubQuery Network delegation. Here are some key statistics that reflect the campaign's impact:
- Total participants: 6,070
- Total Delegation at last Era (Era35): 167.9 Million SQT
- SQT Delegation Rewards Distributed during the campaign: 2,704,002 SQT
- Total SQT rewarded to Delegators during Summer Delegation Frenzy: 5,675,002 SQT
- Highest score: 43,067,518 points (465,681 SQT received so far as a result of their delegation with an APY of 26%). This person will receive another 300,000 SQT as a result of winning the Summer Delegation Frenzy!
These numbers not only showcase the awesome participation from our community but also highlight the power of collaboration and engagement in the SubQuery ecosystem.
SQT Rewards Distribution
We are pleased to confirm that SQT rewards have been successfully distributed to all eligible participants.
Rewards have been awarded as per the table below. The prize you receive depends on the rank you get in the program, so a higher rank on the leaderboard, the more SQT you receive!
*Valid Participants are Delegators who delegate at least 3,000 SQT for 2 full eras during the program and have verified their email address.
The Delegation Frenzy rewards are claimable from the SubQuery Claim (https://claim.subquery.foundation/) page from Monday, 21 October 2024 09:00:00 UTC. The tokens will be on the Base network and you will need to claim them on the SubQuery Claim Page, the same way you may have claimed SQT airdrops or Public Sale tokens. Simply follow the instructions provided on the page to access your rewards.
What to do with your new SQT
Once you have claimed your airdropped SQT, you will immediately be able to put your tokens to work and with extra delegation on the SubQuery Network mainnet! More delegated SQT tokens means a higher APY and more rewards.
If you need a refresher or want to help get your friends delegating, then check out our step-by-step guide.
Don’t Stop Delegating
We want to extend our deepest gratitude to everyone who participated in the Summer Delegation Frenzy Campaign. Your enthusiasm and commitment to the SubQuery project are what drive us forward. As we look ahead, we encourage you to continue delegating your SQT tokens to benefit from the ongoing rewards and annual percentage yield (APY).
Remember, the end of the campaign doesn’t mean the end of your delegation! Keep your tokens delegated to maximise your earnings and continue being an integral part of the SubQuery community.
For any questions or further information, feel free to reach out to our support team. Happy delegating!
About SubQuery
SubQuery Network is innovating web3 infrastructure with tools that empower builders to decentralise the future - without compromise. Our flexible DePIN infrastructure network powers the fastest data indexers, the most scalable RPCs, innovative Data Nodes, and leading open-source AI models. We are the roots of the web3 landscape, helping blockchain developers and their cutting-edge applications to flourish. We’re not just a company - we’re a movement driving an inclusive and decentralised web3 era. Let’s shape the future of web3, together.
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