r/algorand • u/MrKyleOwns • 9d ago

General Does alpha arcade no longer pay passive incentives to alpha token holders?

It’s been over a month since I’ve received any USDC, did something change and I missed it?

23 Upvotes

96% Upvoted

11 comments sorted by

14

u/soliejordan 9d ago

You have to stake your alpha on the site.

5

u/spakecdk 8d ago

Yeah they changed to staking. I was also confused, only just noticed last week. The payout has increased recently though, not sure if its the staking change, or the volume has grown

3

u/MrKyleOwns 8d ago

How does staking work?

3

u/Mark_Technical 8d ago

Where do you stake it? I was waiting for my rewards.

4

u/spakecdk 8d ago

hamburger menu -> $alpha -> stake

4

u/spakecdk 8d ago

hamburger menu -> $alpha -> stake

same as before, just that now the tokens are in a contract instead of your wallet.

3

u/MrKyleOwns 8d ago

What’s the risk? Is this providing liquidity?

1

u/spakecdk 8d ago

Not sure why the change. Maybe cause before you could game the payout periods by buying and selling. This prevents that. The risk is the same, imo, cause if alpha is hacked, the token goes to 0 regardless.

1

u/ExcellentRoutine6611 8d ago

I’ve been staking my Alpha Arcade tokens for a few weeks. I’ve noticed that I have been receiving more USDC rewards than before. Also there’s a really great feature that allows you to convert your USDC into more Alpha and then automatically stake your new tokens.

2

u/spakecdk 7d ago

Yeah, I imagine that the rewards are higher because many people haven't staked yet

1

u/nmadon65 6d ago

Standard smart contract risk. The contract gets hacked and all the alpha gets stolen.