rewards

Former Magic Eden community data analysis contributor and founder of Magic Lab, Ben Gruenbaum, posted on X, accusing the NFT market Magic Eden of changing rewards, governance, products, and strategic direction after users locked up $ME for the long term. He stated that $ME has a fixed supply of 1 billion, of which 225 million are reserved for active user rewards over four years and are unlocked linearly, with the longest lock-up period being four years and no early withdrawal allowed. After distributing 10 million $ME in Season 1, an additional 2.3 million was added due to issues, and the rewards for Season 2 increased from 8 million to 10 million.The community fund was launched with 5 million $ME. The proposal supported by Magic Lab requested 295,000 $ME (approximately $177,000 at $0.60), but the budget shrank due to price declines. Users continued to lock up during the shutdown of the Bitcoin and EVM markets, as well as the Runes infrastructure and wallet, with rewards shifting to USDC. Magic Eden promised $75 million to Dicey, and some top stakers reported issues receiving USDC and have filed lawsuits. Gruenbaum stated that this is not a story about the token's decline, but rather about changes in ecosystem factors after users made long-term commitments.

According to Bitcoin News, the Bitcoin mining pool OCEAN has officially stopped supporting the BIP-110 fork chain, citing limited mining activity and the transition to the Blake2b proof-of-work mechanism. OCEAN stated that it will not adopt or support the BIP-110 hard fork and will not continue to pay BIP-110 block rewards.The BIP-110 chain stalled after the user-activated soft fork attempt failed on August 8, and the mining rewards post-fork became unusable due to not reaching 100 confirmations. OCEAN stated that these rewards have been permanently frozen at BIP-110 block 961,639. Miners hoping to continue supporting BIP-110 have been directed to CONVOY Mining, which plans to support the Blake2b hard fork and continue the BIP-110 share record.

Core DAO is coordinating an emergency hard fork due to some validators receiving CORE rewards that exceeded the protocol's expected issuance. Core stated in an update that the situation has been brought under control, and "malicious validators" can no longer claim excess rewards. This fork is a forward upgrade and will not roll back the network or revoke any confirmed transactions.Previously, Core indicated in a status update on Monday that the rewards accumulated by a small number of validators were significantly higher than the protocol's expected issuance. The incident was limited to the reward distribution phase, user assets remain secure, and they promised to release a technical review report. Following the incident, several exchanges restricted CORE transfers: Coinbase suspended deposits and withdrawals on the Core network, Bithumb and Coinone suspended deposits and withdrawals, Bitget suspended deposits and withdrawals citing wallet maintenance, and LBank suspended deposits at the request of the project party.Core has not disclosed the amount of excess issued CORE, the duration of the activity, or whether additional tokens have entered circulation, nor have they provided details on the vulnerability that allowed validators to receive rewards. Cointelegraph reached out to Core for further information but had not received a response by the time of publication.

According to News.bitcoin, the Independent Community Bankers of America (ICBA), which has about 5,000 community banks, opposes the CLARITY Act, emphasizing that there is no room for compromise on the issue of stablecoin rewards. ICBA President and CEO Rebeca Romero Rainey stated that the "loopholes" related to stablecoin rewards must be completely closed, and there is no compromise solution. ICBA claims that stablecoins could lead to $1.3 trillion in deposits leaving the banking system and reduce local lending by $850 billion.Rebeca Romero Rainey indicated that there are no signs that cryptocurrencies will replace these deposits and reinvest them back into local communities. She also criticized the report titled "Impact of the Stablecoin Reward Ban on Bank Lending" released by the White House Council of Economic Advisers (CEA) for downplaying banks' concerns about deposit outflows. The Senate plans to vote on the CLARITY Act on September 15; if it fails to gain the support of at least 60 senators, the bill will not proceed to further consideration and may halt progress for the foreseeable future.

The Independent Community Bankers of America (ICBA), representing about 5,000 community banks in the United States, is opposing the Clarity for Digital Assets Act (CLARITY Act). ICBA Chair and CEO Rebeca Romero Rainey stated that the "loopholes" related to stablecoin rewards must be completely closed, with no compromise solutions. The ICBA claims that stablecoins could lead to $1.3 trillion in deposits leaving the banking system and reduce local lending by $850 billion.The association has prompted Republican Senators Josh Hawley and Jerry Moran to oppose the current version of the bill. Rebeca Romero Rainey indicated that there are no signs that cryptocurrencies will replace these deposits and reinvest them into local communities. She also criticized the report titled "Impact of the Stablecoin Yield Ban on Bank Lending" released by the White House Council of Economic Advisers (CEA) for downplaying banks' concerns about deposit outflows. The Senate plans to vote on the CLARITY Act on September 15; if it cannot secure support from at least 60 senators, the bill will not proceed to further consideration and may halt progress for the foreseeable future.

On August 27, the decentralized stablecoin USDD announced the end of the first incentive campaign for the sUSDD market in collaboration with Pendle and the launch of the second incentive campaign. During the first phase, USDD provided over $300,000 in reward subsidies, with the Pendle sUSDD market reaching a maximum TVL of nearly $40 million, and the PT fixed income rate maintained overall at above 7%.The total value of the second phase rewards is $600,000, with the event running from August 27, 2026, to November 26, 2026, lasting 91 days. Users can connect their positions from the first phase to continue participating.

The 21Shares report shows that Solana is advancing two governance proposals, SIMD-550 and SIMD-553, which may significantly change the SOL holding economic model in the next two years.SIMD-550 proposes to increase Solana's annual inflation reduction rate from 15% to 30%, allowing it to reach a terminal inflation rate of 1.5% more quickly, with nominal staking yields expected to drop to about 2.25% within three years.SIMD-553 was approved and merged on July 20, and will introduce a destruction fee for compute unit requests, increasing the daily SOL burn amount from about 600-800 to about 7500-9000.The report believes that although the decline in staking income will directly affect the earnings of validators and stakers, a lower issuance combined with a higher burn rate may improve the long-term supply and demand structure of SOL, and could drive some capital towards the decentralized finance ecosystem on the Solana chain.

According to CoinDesk, Coinbase Chief Policy Officer Faryar Shirzad wrote an article for CoinDesk rebutting the arguments made by the American Bankers Association (ABA) against the stablecoin reward provisions in the Clarity Act. ABA CEO Rob Nichols claimed that only minor wording changes were needed to strengthen the bill and warned that allowing stablecoin rewards would lead to a loss of deposits for community banks.Shirzad pointed out that Coinbase has been paying stablecoin rewards for USDC for over four years, while community bank deposits grew by 26% from June 2019 to March 2026, amounting to approximately $482 billion.Shirzad cited research from Charles River Associates and the Economic Advisory Council stating that there is no significant correlation between stablecoins and bank deposits. He emphasized that the credit card industry was built on reward mechanisms, and the banking industry itself relies on this model. The current text of the bill was reached after months of negotiations between Senators Tillis and Alsobrooks and bank representatives, clearly delineating the boundaries: prohibiting returns on idle funds but allowing compensation for real activities.Shirzad believes that the Clarity Act will grant banks the broadest statutory powers since the Gramm-Leach-Bliley Act of 1999, including custody, staking, lending, payments, clearing, and market-making, with community banks benefiting the most. He called on all parties to accept this compromise and work together to advance the bill.

According to the official announcement, Gate Card has officially launched a new invitation reward mechanism, offering differentiated benefits plans for Gate users and agents, KOL partners. When the invited person meets the card opening conditions and spends a total of 100 USDT within 30 days of successfully opening the card, the inviter can receive a reward of 5 USDT, and the invited person receives a reward of 2 USDT. Among them, the rewards for Gate users are issued in the form of cash vouchers, which can be used for consumption or card recharging, and cannot be exchanged or transferred; rewards for agents and KOL channel partners are issued in the form of points.In terms of consumption Rebate, when the invited person makes a single purchase of ≥ 2 USDT, the inviter can continuously receive consumption Rebate for 12 months. The Gate user referral program enjoys a 0.1% consumption Rebate, while agents and KOL channel programs enjoy higher tier exclusive Rebates and channel rewards. For details, please contact your business manager. Consumption Rebate for Gate users is issued in the form of cash vouchers, while channel and agent rewards are issued in the form of points, with a unified settlement issued every two weeks. Gate Card points are valid for a long time, with a fixed exchange rate of 100 points = 1 USDT, supporting the exchange of stock tokens and various virtual currencies, with a minimum exchange of 50 points per transaction.

The decentralized AI infrastructure network DGrid AI announced the $DGAI token economic model, with a total supply of 1 billion $DGAI tokens. Of this, 50% will be allocated to node network operations and node incentives, 15% will be allocated to community growth and ecological participation, 10% will be allocated to team incentives and long-term development, 10% will be allocated to early investors, 8% will be allocated to airdrop rewards, and 7% will be allocated to initial liquidity and secondary market support.According to previous news, DGrid AI opened the $DGAI airdrop eligibility inquiry and application channel on August 17, and the window will remain open until 16:00 Beijing time on August 22.

According to Protos, the latest disclosure from 21Shares' Polkadot ETF (TDOT) shows that in the second quarter of 2026, for every $1 in distribution income generated through the sale of DOT tokens to pay staking rewards, there was an accompanying realized loss of approximately $4.52.According to regulatory documents, TDOT sold 98,505 DOT in the second quarter, generating about $107,500 in cash to pay staking rewards to shareholders. However, due to a significant drop in DOT prices, these sales confirmed a loss of approximately $485,600.Data shows that DOT fell by about 34% in the second quarter of 2026, with a cumulative decline of 76% over the past 12 months as of June 30. Since TDOT shareholders receive distributions in USD rather than directly receiving DOT staking rewards, the fund needs to sell DOT to convert to cash payments, thereby locking in losses in a low-price environment. In the second quarter, TDOT paid shareholders a cumulative distribution of approximately $0.14698 per share, but during the same period, the fund's share price dropped from $14.95 to $9.86, a decline of about 34%, and the staking rewards did not offset the losses caused by the decline in asset prices.

Marinade Finance posted on platform X that the Solana network nearly came to a halt this morning, with 28.83% of staked SOL going offline, approaching the 33.34% halt trigger threshold, involving 90 validator nodes, resulting in a loss of approximately 333 SOL rewards.The fault originated from a routing error by the service provider Teraswitch: the erroneous routing from the Miami node was broadcast to Europe and the Asia-Pacific region, causing 12 nodes (LON1, AMS1-3, DUB1-2, FRA2, SGP1-2, TYO1-3) to lose effective routing, while North America was unaffected, and the fault was resolved after 10 minutes.Marinade Finance pointed out that ASN AS20326 hosts more than a quarter of the total staking volume on the network, and during the fault, 94% of that staking volume was offline simultaneously, accounting for 27.34%, which has exceeded the 25% limit set by SFDP. The second-largest node on the network, Helius, was offline for 33 minutes, with only a few nodes achieving smooth failover. Marinade Finance stated that it will review the staking concentration limit and promote the disclosure of failover capability information by validator nodes.

The TRON DeFi Summer S2 event is currently ongoing. Users can stake TRX through JustLend DAO to exchange for sTRX, continuously accumulating returns while maintaining asset liquidity; the Energy generated from staking can also be rented to users with on-chain demand, forming a revenue cycle within the TRX ecosystem.As the largest single prize pool of this season, the 1.2 million USD TRX incentive pool remains open. Users can enter JustLend DAO through the Binance Wallet DeFi section, and by depositing 500 TRX, they can unlock basic staking returns and a Boosted APR of over 20%, and additionally share rewards daily. The S2 season covers core asset pools such as TRX, USDD, JST, and SUN.

TRON DeFi Summer S2 is in full swing, and this season's largest single reward pool of 1.2 million TRX incentive pool has been fully launched. Participating users can earn dual TRX rewards: basic staking rewards from JustLend DAO, plus a boosted APR of up to 20%+, along with daily sharing rewards.Users only need to enter JustLend DAO through the Binance Wallet DeFi section and deposit 500+ TRX to participate. The S2 season covers core asset pools such as TRX, USDD, JST, SUN, etc.

Ethereum developers proposed a "Tapered Issuance Burn" mechanism, planning to gradually burn a portion of the idealized rewards for validators as the ETH staking ratio increases; when the staking amount approaches 50% of the total supply, the net issuance of ETH will drop to 0%. The author of the proposal stated that the ETH staking ratio exceeded one-third of the total supply in April; if not adjusted, Jerome de Tychey indicated that by January 2028, the staking amount could exceed 70 million, accounting for more than 55% of the supply.Supporters believe that excessive staking may cause small independent validators to lose economic viability first, leading to staking concentration among custodial institutions and large service providers; the plan is proposed to be implemented over 18 months, with an additional approximately 6 months reserved for preparation before potential network upgrades. Aave founder Stani Kulechov stated that once the staking rate exceeds 50%, rewards will drop to 0%, and the uncertainty of returns may weaken institutional staking and DeFi demand. He pointed out that ETH lending strategies may be affected, and this proposal is still in its preliminary stage.

ChianCatcher news, including Ethereum Foundation's Justin Drake and five other researchers and developers, proposed draft EIP-8363 (Tapered Issuance Burn), which aims to significantly reduce validator consensus layer rewards as the ETH staking ratio increases. When the staking amount approaches 60.25 million ETH (approximately 50% of the total supply), the deduction ratio will reach 100% and will be gradually implemented over 18 months.The proposal aims to address the current situation where the staking ratio has exceeded 33%, preventing ETH from being overly concentrated in large custodial institutions and liquid staking protocols, and reducing issuance dilution. Critics, including Aave founder Stani Kulechov and Ether.Fi CEO Mike Silagadze, argue that this move could force independent validators to exit, weaken institutional demand, and impact the DeFi market. The proposal is currently still in the early draft stage and has not yet been approved or included in an upgrade.

The blockchain rewards platform Bundle announced the completion of a $5.5 million Pre-Seed round of financing, co-led by Ethereal Ventures and Further Ventures, both founded by Ethereum co-founder Joe Lubin, with participation from institutions such as Nascent, GSR, Scenius Capital, Anchorage Digital, and Nuwa Capital.

Nado officially announced that the Nado Rewards weekly prize pool program is now live, with weekly rewards of up to 100,000 USDT0.Nado is an on-chain trading platform built on Kraken Layer 2 Ink, supporting various market trades including cryptocurrencies, commodities, foreign exchange, xStocks spot tokens, and perpetual contracts. Its unified margin account system allows users to use deposited assets for both spot and contract trading, enhancing capital efficiency.Following the previous launch of a dual points system with xStocks, Nado has further introduced a trading rewards program: the prize pool will unlock based on the platform's average daily trading volume, with rewards covering Taker trading volume, Open Interest positions, and contributions to market Maker liquidity.After weekly settlements, users can claim USDT0 rewards on the Rewards page. Derivatives trading involves risks; please be cautious with leverage and DYOR.

On July 31, WEEX announced the launch of the Robinhood ecosystem reward event, covering five major ecosystem tokens: CASHCAT, HOODRAT1, STONKBROKER, TENDIES, and INDEX. Users can participate in sharing a prize pool of $100,000 by trading any of the event tokens. The event runs from July 30, 20:30 to August 9, 20:30 (UTC+8).