| Project Name | Axelar Robot NFTs Season 2: Strengthening Interchain Culture Post-Proposal #199 (6 months) |
|---|---|
| Description | “Following the approval of Proposal #199, which established Axelar Robot NFTs as a key pillar of interchain culture, this proposal aims to expand the initiative with a second season of staking. By supporting this evolution, the community can continue fostering engagement, visibility, and long-term value within the Axelar ecosystem.” |
| Date | mm/jj/aaaa |
| Contact Name | scoolio22 |
| Discord Username | @scoolio22 |
| Grant Amount | 177,100 $AXL |
Project Description
The Axelar Robot NFT staking program was launched as a pioneering initiative to reward the Axelar community, reinforce the importance of NFTs in cross-chain interoperability, and celebrate the Axelar Robot NFT collection as a vital cultural and technological asset. Season 1 of the program demonstrated significant engagement, with approximately 755 NFTs actively participating in staking, highlighting the community’s enthusiasm and commitment over an 8-month duration.
This proposal aims to establish Season 2 of the Axelar robot NFT staking program, focusing on providing enhanced rewards and opportunities for the 1554 NFTs held while maintaining alignment with Axelar’s values of interoperability and decentralization.
By continuing the program, the Axelar community reinforces the Axelar network’s position as a leader in blockchain interoperability while nurturing a vibrant group of NFT holders who actively support and engage with the network’s initiatives.
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Impact
By voting “YES,” the community, including validators, will reinforce the trust and confidence demonstrated through the approval of Proposal #199, which recognized the Axelar Robot NFT collection as a pioneer of interchain culture. Supporting the continuation of this successful program will further build on the measurable engagement and visibility achieved for Axelar and its ecosystem. This initiative emphasizes the role of NFTs as integral to the interchain culture and highlights Axelar’s leadership in fostering blockchain innovation.
Goals, Milestones, & KPIs
Program Launch: Initiate Season 2 of the staking program with updated features and rewards for holders of Axelar Robot NFTs. The initial program was conducted by MintDAO, whose excellent management established a strong foundation. Building on this success, Season 2 will be managed by GATEWAY (formerly MintDAO), maintaining the same reward structure as the initial program. Monthly rewards will be distributed based on the rarity of the NFTs as follows:
Axelar Robot NFT Staking Program - Season 2 Allocation Breakdown
| Rarity | Number of NFTs | AXL/Month | AXL Total (6 months) | % of Total |
|---|---|---|---|---|
| Legendary 1/1 | 6 | 50 | 1,800 AXL | 0.99% |
| Legendary | 152 | 25 | 22,800 AXL | 12.58% |
| Rare | 462 | 20 | 55,440 AXL | 30.58% |
| Uncommon | 934 | 15 | 84,060 AXL | 46.38% |
| Gateway Fees | - | - | 13,000 AXL (Equivalent to $3,900 at $0.30 per AXL) | 7.17% |
| Total | 1,554 | - | 177,100 AXL | 100% |
Key Takeaways:
- The majority of rewards (77%) are allocated to Rare & Uncommon holders, ensuring wide community distribution.
- Legendary 1/1 holders account for less than 1% of total rewards, preventing overconcentration.
- Gateway fees now account for 7.17% of the total grant, ensuring sufficient coverage despite price fluctuations.
- All rewards are proportionally distributed based on NFT rarity, reinforcing long-term engagement.
By maintaining this structured approach, Axelar strengthens its position as a leader in interchain NFTs while ensuring sustainability and community-driven incentives.
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This grant request covers the program for a duration of 6 months (compared to 8 months for season 1), ensuring sustained engagement and incentives for Axelar Robot NFT holders.
Community Engagement: Increase participation rates compared to Season 1, targeting a minimum 20% growth in active staking participants.
Interchain Representation: Further expand recognition of Axelar Robot NFTs across multiple ecosystems, emphasizing interoperability.
Enhanced Metrics: Introduce improved KPIs for tracking engagement, including staking durations, cross-chain transfers of NFTs, and holder retention rates.
Deliverables, Milestones, & Timeline
Program Announcement: Within 1 week of approval, details of Season 2 will be released to the community.
Staking Mechanism Setup: The staking platform will be ready within 4 weeks Max, incorporating user feedback from Season 1 for an improved experience. The technical parameters for staking and reward distribution will be managed by GATEWAY (formerly MintDAO), as was the case in the initial program.
Program Duration: The staking season will last for 6 months, allowing sufficient time for community engagement and ecosystem impact. The wallet receiving the grant will transfer the necessary funds to GATEWAY (formerly MintDAO) on a monthly basis to ensure smooth and timely distribution of rewards.
Progress Reporting: Bi-weekly updates will be shared with the community to ensure transparency and collect feedback.
Risks
The proposal minimizes risks by leveraging the successful framework of Season 1. Community voting ensures transparency and eliminates potential conflicts of interest. The decentralized nature of Axelar’s ecosystem further safeguards the program’s credibility and impact.
Motivation
Axelar is recognized as a trailblazer in blockchain interoperability, with the Axelar Robot serving as the official mascot of the network. Extending the NFT staking program reinforces Axelar’s commitment to innovation, decentralization, and community inclusion. By continuing this initiative, Axelar demonstrates its recognition of NFTs as both cultural and technical assets, strengthening the network’s influence across the interchain ecosystem.
Bio & Past Work
Excited to see the community’s feedback on this proposal!