Volatility Community Rewards and Voting - FAQs
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What are Volatility community rewards?
How do I participate in community rewards?
How are Volatility Rewards determined?
What happened to the old rewards categories?
How do I participate in voting?
What is quadratic voting?
How do Sushiswap volatility rewards work?
How does Vol staking rewards work?
How do I acquire VOL to stake?
What is the vesting reward period?
How do I start the vesting contract on my accrued rewards?
How do I see the vesting schedule for my rewards?
How do I claim my fully vested rewards?
What does the APY mean on the staking dashboard?
How is the APY calculated?

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Rewards
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Volatility protocol has set aside a portion of the Volatility token distribution to be distributed to the Volatility community as rewards.

**How many Volatility Rewards are distributed?**

As of Sept 30th, 2021 1,153,846 VOL tokens are distributed every 2 weeks as rewards to the Volatility community.

**How do I participate in Volatility Rewards?**

Rewards are currently distributed to community members in 2 different categories:

* Providing liquidity in the Sushi Swap LP pool.
* Staking VOL tokens through the project staking dashboard.

**How are Volatility Rewards determined?**

The distribution of tokens is currently based on the results of Snapshot Proposal #3. Members of the Volatility community voted to set minimum allocations for each category, with the remaining rewards decided by a bi-weekly vote. The following minimum allocactions were set:

* Sushi LP - 25% ~ 228,462 VOL
* Staked VOL - 5% ~ 57,693 VOL

Every 2 weeks, the community will vote on vote.volatility.com to decide the distribution of the other 70% of rewards (~807692 VOL) between those 2 categories.

**What happened to the old rewards categories and my rewards earned from them?**

The passing of Snapshot Proposal #1 eliminated the rewards categores of Uniswap SLP, Governance and Rewards on Rewards. Uniswap rewards that are earned and unvested can still be sent to vesting contracts along with other accruing rewards. Rewards previously earned from Governance or Rewards on Rewards will be sent to vesting contracts in the future, and retroactively dated to when they were earned.

Voting
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**How do I participate in voting?**

Community members who are holding VOL, have VOL staked, or have provided liquidity have voting power. Voting currently takes place every Tuesday-Thursday, and is open for about 36 hours. To participate in voting, use the link https://vote.volatility.com/ , which is also located under governance on the main website for the project, https://volatility.com . The snapshot platform requires you to connect your wallet which will allow you to allocate your votes. To vote, you do not have to input an exact number of your votes. If you want to vote 100% for one category, you can simply enter a “1” for that category and all your votes will go to that category. If you want to split 80% / 20%, just enter “8” in one and “2” in the other. After you allocate your votes, just submit your vote and sign it in your wallet and your votes will be counted.

**What is quadratic voting?**

The voting method used is quadratic voting. Learn about it here:
https://en.wikipedia.org/wiki/Quadratic_voting

**How do Sushiswap volatility rewards work?**

Community members who provide VOL/ETH LP (liquidity pair) on sushiswap are eligible for community rewards.

The sushiswap LP eligible for staking can be found here: https://app.sushi.com/add/ETH/0x5166E09628b696285E3A151e84FB977736a83575

Once you provide a liquidity pair you receive a liquidity token which can then be staked on the volatility.com rewards page. To stake your SLP, connect your wallet to the staking dashboard, enter the amount of tokens you want to stake, and click "Stake". When staking your SLP tokens, it will take 2 transactions the first time you stake.

**How do Vol staking rewards work?**

Holders of VOL can stake their VOL tokens on the staking dashboard. After connecting your wallet to the staking dashboard (Volatility Protocol: Staking Dashboard @ volatility.com), click the arrow next to “VOL” and you should see your VOL balance. Enter the # of VOL you would like to stake and click “Stake”. This transaction will require an approval and gas fees to complete. After your transaction goes through, you should see an update on the staking dashboard that will show how many VOL you have staked. Also at this point, you will start accruing rewards from the weekly vote that are allocated toward staked VOL.

**How do I acquire VOL to stake?**

The most common way to acquire VOL is by swapping ETH for VOL on an exchange such as SushiSwap (SUSHI) or UniswapV2 (need link). This transaction also requires approval and gas fees.

**What is the vesting reward period?**

All rewards earned enter a 6 month vesting period. Rewards from LP shares and staked VOL are accumulated in real time, and must be sent to a vesting contract.

**How do I start the vesting contract on my accrued rewards?**

To vest your accumulated rewards, simply click the “vest rewards” button below your unclaimed rewards in the staking dashboard.

**How do I see the vesting schedule for my rewards?**

To see your rewards that are currently in a vesting contract, click “See Schedule” next to “Vesting VOL” on the staking platform (wallet must be connected).

**How do I claim my fully vested rewards?**

After the 6 month vesting period is up, you will be able to claim your rewards from the vesting dashboard here: https://volatility.com/vesting

**What does the APY mean on the staking dashboard?**

The staking platform shows the Annual Percentage Yield (APY) for both LP and staked VOL.

**How is the APY calculated?**

These percentages are dynamic; they change in real time based on your percent of the pool in each category and the percent of rewards going toward each category.

APYs only reflect the Volatility rewards and do not include calculations for price changes, liquidity pool rewards or other third party incentives.