Hey guys,
I read through your documentation and I see that:
100% of platform fees generated are distributed to holders proportional to their share of the $OCTO circulating supply. Snapshots determine whose holdings are eligible at each monthly distribution. Payouts are made in stablecoins directly to eligible wallets (liquidity providers excluded) and do not require staking or claiming.
So what wallets are eligible wallets? When is this snapshot taken?
Thanks 🙂
Thanks for your question @farstrider777, if you hold in your own wallet, then provided you meet the snapshot requirements, you're eligible. Basically, remember this:
Not your keys, not your fees.
Snapshots taken at beginning and end of each month.
OctoFi Thanks 🙂 I will hold it in MyEtherWallet. If you don't mind me asking what are the snapshot requirements?
farstrider777 As long as you hold at least the same amount of OCTO at the time of the second snapshot at the end of the month, you are eligible for the fee distribution. No minimum as far as I know.
my dear Octolings, does metamask+hardware wallet meet the requirements for receiving the fees? or do i have to set a specific wallet for the $octo holdings?
Thanks!
mbb MetaMask should be perfectly fine. There is no OCTO-native wallet. I am holding in MetaMask as well 🙂 Happy Hodling!
amazing, Thanks for the prompt reply and help! 😄
