🫂Intro to PoH
Last updated
Last updated
Proof-of-Hug is a unique distribution mechanism to reward the users who contribute to spreading the vision of HUG and making HUG possible.
Every week you can claim your HUGs on https://receive.hug.meme. You can also check how much HUG you will receive in real-time!
Please note: Make sure you have your Third-Party Deposits set to Allow to be able to receive the HUG Club Badge that is needed for claiming your HUGs. If you missed the Club Badge, it will automatically deposited next week when your setting is set to Allow.
If you don't know what Third-Party Deposits are, no problem, it is a more advanced setting in the Radix wallet and it is set to Allow by default.
This year, 15 Billion HUG is available for all Proof-of-Hug activities. This is currently divided into the following three activities.
| Activity | Percentage | Daily rewards |
|---|---|---|
If new activities are released, the daily rewards will again be re-distributed across all activities. We will notify everyone in time to make adjustments.
It's nice knowing in advance how lucrative each of the Proof-of-Hug activities are, to help you make the decision in which to participate. We added the real-time APYs on https://receive.hug.meme.
APY APY stands for Annualized Percentage Yield and displays how much you are earning on an annual basis.
Validator Staking
To calculate the Validator APY we convert the total amount staked in XRD to HUG and compare that to the current PoH emissions.
Liquidity Providing
The Liquidity APYs on DefiPlaza and Ociswap are calculated by combining the amount of HUG, plus the amount of DFP2 or XRD converted to HUG, and compare that to the current PoH emissions.
$HUG Staking
We compare the total amount of HUG staked with the current PoH emissions.
HUGBot rewards
The HUGBot has no APY, since you do not have to provide HUG to receive HUG
Validator staking
40%
16.4M
$HUG staking
10%
4.1M
DefiPlaza liquidity
20%
8.2M
Ociswap Liquidity
20%
8.2M
HUGbot Trading
10%
4.1M