The much-anticipated Revenue Share feature at Hord is now live! HORD token holders can now apply for the first revenue share round on the app. This feature has been widely discussed since slightly after the inception of Hord’s token governance, and now, we're excited to explain how it will work.
See our walkthrough on how to claim revenue share.
Hord’s Revenue Share feature redistributes 50% of protocol fees to enrolled HORD holders. This ensures active participants benefit directly from the redistributed fees. To enroll, users need a minimum of 2,500 HORD, with a maximum enrollment of up to 500,000 HORD. The enrollment process involves signing a transaction with their wallet, with balances updating automatically upon enrollment. Every round will require that token holders sign up to receive a portion of the revenue share.
Users' HORD tokens do not need to be staked or locked to participate in Hord’s Revenue Share feature. The feature only requires that users hold the minimum number of required tokens in their wallet to be eligible.
The amount shown in the airdrop section will grow each day. So, in the beginning, the airdrop amount is 0 until the first simulation, then the amount updates and will keep updating each day. The airdrop amount shown is not final until the end of the round.
Daily snapshots of enrolled users' HORD balances are taken randomly to determine eligibility and share size. While calculations are done daily, the actual airdrops happen monthly. To be eligible, users must hold the minimum required HORD on the snapshot day. Distributions are executed through Disperse.app on specific dates. Additionally, funds will be added in the first three rounds of revenue share to reflect earnings from November 2023 to June 2024. Post-airdrop, re-enrollment is necessary to participate in the next round.
HORD tokens on both Arbitrum and Ethereum chains are supported, with a combined total displayed in the user interface for those holding both versions. This setup ensures fair distribution, transparency, and ease of participation for HORD holders.
To receive HORD tokens, users can stake ETH on Hord’s platform and HORD tokens for free relative to the amount and length of the stake. Alternatively, users can buy and trade HORD from Gate.io, Uniswap v2 (Ethereum) and Uniswap v3 (Arbitrum).
For a more technical explanation of Hord’s Revenue Share feature, please see Hord’s documentation.
Website: Hord.fi/
Twitter: twitter.com/HordApp
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Announcements: t.me/hordnews
Youtube: youtube.com/channel/UCOhzE0AKC1ZFElFqIxbFAmw
GitHub: github.com/hord
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