Ambire Governance Vote: Decide the Rewards Pool for Season 1
The last Ambire Governance vote decided on the distribution mechanism for Season 1 Rewards. However, one question still remains: How many $stkWALLET tokens should be allocated as a total reward pool, and now it is up to the community to vote.
We’re now well and truly in the swing of Season 1 of Ambire Rewards, after a successful pilot Season 0. The community has now voted on the distribution mechanism for the current season, and everyone is enjoying earning XPs with smart accounts and smarter EOAs (aka EIP-7702 accounts, or EOAs with smart capabilities).
But one question remains: How many $stkWALLET tokens should we allocate as a total reward pool for Season 1? Season 0 already distributed the allocated 20,000,000 tokens after participants earned more than 8 million XP. Two months into Season 1, the total XPs earned so far are at just over 5,500,000.
Proposal overview
This governance proposal aims to decide the total rewards pool for Season 1 of Ambire Rewards, the onchain rewards system for users of the Ambire Wallet extension.
The question is: How many $stkWALLET tokens should we allocate as a total reward pool for Season 1?
Voting options
- 15,000,000 $stkWALLET
- 20,000,000 $stkWALLET
- 25,000,000 $stkWALLET
Proposal details
The reward pool will be shared between all participants (claimable in $stkWALLET) after the end of the season. Each participant's share/weight will be calculated using the voted formula that includes their Ambire Rewards level (based on their XP earnings) and the equivalent of their balance in USD (a snapshot will be taken randomly each week during the Season 1 period). Make sure you check rewards eligibility, etc, in our rewards distribution governance post.
Proposal motivation
We value the opinions of the Ambire community more than ever. We want to empower extension users to have their voices heard and to help us shape the future of Ambire Rewards and the Ambire extension, too.
With the proposed rewards mechanism, we are aiming to ensure the following:
- Ambire Rewards participants are involved in the decision-making process for the future of Rewards and the Ambire extension.
- Users keep funds in their extension accounts continuously (and not just add funds for rewards distribution, then withdraw)
- Rewards are issued directly to the users and automatically staked (rewards will be paid out in $stkWallet)
- We take multiple factors into account, not just XP, to ensure a fair and balanced distribution of rewards for different kinds of users
Voting eligibility
Anyone holding $WALLET or $stkWALLET (make sure you have migrated if you still hold $xWALLET) tokens before the snapshot on July 7th, 2025, at 14:00 UTC, will be eligible to vote. The voting power of $stkWALLET tokens is double that of $WALLET tokens. Users who stake tokens after the snapshot will be voting with the power of $WALLET, not $stkWALLET.
Timeline
- Voting starts: The voting period opens on July 7th, 2025, at 14:00 UTC.
- Voting end: The voting period closes on July 14th, 2025, at 14:00 UTC.
How to vote
Here’s how you can submit your vote:
- Visit the proposal page on Snapshot.
- Connect your crypto wallet holding $stkWALLET tokens.
- Choose between the two options for allocating $WALLET tokens for the extension incentives.
Your input is key to shaping Ambire’s path forward and the success of the extension launch campaign, so cast your vote. Have ideas or feedback? Join the conversation on our Forum, Discord, or Telegram, and let us know your thoughts!