How are the USDY rewards calculated and when can I redeem my USDY rewards?
We have taken snapshots of the Chakra Pool on four occasions. The USDY amount is calculated for each participant based on their contribution and the price of USDY the day after the next snapshot occurs following their deposit. You will find your projected allocation on the MANTRA Zone page.
| Snapshot # | Snapshot Time (8AM UTC) | USDY Price 1-day after snapshot timestamp |
|---|---|---|
1st Snapshot | 27th August 2024 | 1.05563329 |
2nd Snapshot | 10th September 2024 | 1.05774566 |
3rd Snapshot | 24th September 2024 | 1.06001362 |
4th Snapshot | 30th September 2024 | 1.06076240 |
USDY token distribution will be staggered based on each snapshot. The staggered manner allows you to access USDY on MANTRA Chain as early as possible while adhering to certain restrictions under U.S. securities laws, which can require Ondo to take up to 50 days to mint the USDY.
We aim to complete all the USDY distributions by November 2024.
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