With the recently passed proposal that introduces a change in how the eligibility for the Membership Rewards is determined, the following mechanisms will be in effect from May 1st:
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Joining the Grape Discord is required to qualify for any Membership Class.
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The Membership Class will be determined by the following:
– $GRAPE deposited on realms
– $GRAPE held in a Member’s wallet, or
– $GRAPE LP on Raydium -
However, the eligibility for Membership Rewards is determined ONLY by 2 factors:
– $GRAPE a Member has deposited on realms, and
– whether the Member retained their Membership Class for the entire epoch. -
The snapshot for Membership Rewards will be taken at the end of each epoch.
Therefore, a Member has time to deposit their rewards from the time they are transferred to their wallet until the time of the snapshot at the end of each epoch.
This means Members will have roughly 3-4 weeks to make their realms deposit. By doing so, their new $GRAPE will then be taken into account for the snapshot and thereby the eligibility for next months’ Membership Rewards.
Example:
Member A has 1300 $GRAPE in their wallet, and Member B has 1245 $GRAPE on realms; both are Gibbons. After the payout of the Membership Rewards for April, both Members have 1300 $GRAPE due to Member B receiving their 55 $GRAPE. Member A didn’t receive a reward since they hold no $GRAPE on realms; both remain Gibbons.What happens then?
- If Member B deposits their 55 $GRAPE from their wallet into realms and retains their Membership Class, Member B will receive Membership Rewards for the current epoch.
- Member A can deposit their 1300 $GRAPE on realms to receive Membership Rewards for the current epoch at any time before the next snapshot is taken.
- If both Members do nothing before the snapshot at the end of the current epoch is taken, neither Member A nor Member B will get Membership Rewards for that epoch.