๐ธRewards
Last updated
Last updated
Strategies provide rewards in the form of tokens. All rewards harvested from the underlying protocols are sold, compounded, and used to buy back ABRA from the open market. This in form of ABRA tokens are proportionally delivered to strategy users.
can earn more yields:
accrued by the platform are distributed among ABRA lockers, proportionally to their voting power.
One time rebates, when you lock ABRA you immediately receive tokens that can be used in any way you want.
With locked ABRA you can earn rewards for referring others to lock.
Read more about the rationale behind this, and details of this process in the tokenomics section Deflationary flywheel
Since Cadabra is a liquidity aggregator is not immediately harvested. Usually it takes a few days before the rewards accrued from the underlying protocols are harvested, transformed to ABRA tokens, and redistributed to strategy participants. These ABRA rewards are distributed over a period of 7 days on a per-second basis. This prevents users from fraud depositing right before compounding and just to get immediate profits.
If in the duration of these 7 days another harvest was made, new rewards, combined with any remaining undistributed rewards, are then distributed at a new rate over another 7-day period from that time.
If there were no harvests and the 7 days of prior rewards distribution have ended, then no ABRA tokens are distributed. However, since the underlying protocols continue to generate rewards, these rewards will be gathered and distributed at the next harvest to the current participants of the strategy.
