By Minerminer
TLDR: Burn2Claim is here. Overview at the bottom.
So, you want to burn some $nRYU for $RVS? Then you have come to the right spot. We will be breaking down how to participate in the Burn2Claim phase and some of the boosts you can gain to get a better Burn Score.
The Ryu Vault Services Burn2Claim phase will start on 4/20 and last until 5/20. During this time, holders of nRYU can send it to an address to submit it for a Burn Score.
The Burn Score will be used to calculate the RVS earned relative to other Burn2Claim participants. The Burn Score is calculated using a simple formula:
((# of nRYU sent) * (Ryu Fam Boost) * (Time Bonus)) = Burn Score
- # of nRYU refers to the amount of nRYU sent to the Burn2Claim contract address
- Ryu Fam Boost refers to a boost for Ryu NFTs holders*
- The Time Bonus refers to a boost that will be granted to early participants**
*Users utilizing a Ryu Fam Boost will need to have the Ryu NFT (Gen1, Gen2, or Ryusaur) unstaked for the entire duration of the Burn2Claim phase. Information regarding Ryu Fam NFT boosts can be found here.
**The Time Bonus chart can be found here. (See the bottom of the article if the link is unavailable.)
Scores will be calculated over several days, after the end of the B2C Phase. A spreadsheet showing Burn Score and Boosts will be published in the Ryu Discord and on IPFS once the proper $RVS allocations are distributed.
The Burn2Claim contract address for nRYU is 0x2442a32c2f9DB312C62220a4d55448dc0A77430F.
Please note, nRYU will only be counted for the Burn2Claim phase is sent from 4/20 1:00 AM UTC to 5/20 1:00 AM UTC.
For more information regarding the Burn2Claim Phase, please see our previous Medium article here or the RVS Burn2Claim docs page here. For more information regarding RVS, please see the whitepaper link here.
Time Bonus Schedule
El Fin. Go Burn2Claim Ryu Fam.
