Bring Back $WALLET Staking Rewards

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Author: Ambire Wallet
Date: April 28, 2026

With Ambire Rewards Season 2 now closed, there is currently no active incentive for $stkWALLET holders beyond governance power. We propose reintroducing $WALLET staking rewards at a 2% APY to keep staking attractive during the cooldown between Rewards seasons.

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Background

Staking rewards were paused as part of the Ambire Rewards Season 2 proposal, approved by the DAO in December 2025. The reasoning at the time was straightforward: with Season 2 already rewarding $stkWALLET holders through its scoring formula, keeping separate staking rewards on top would have led to double-counting, increased token supply inflation, and made it harder for users to understand where their rewards were coming from.

Season 2 has since concluded. The season did not meet its Swap & Bridge volume targets, largely due to challenging market conditions, and the community voted to close it without a payout. With no active Rewards season in place, the original reasons for pausing staking rewards no longer apply.

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Proposal overview

We propose reintroducing $WALLET staking rewards with an annual issuance rate based on 2% of the currently staked supply. As the amount of staked tokens changes, the effective APY will adjust accordingly. For example, if the staked supply doubles, the APY will halve. The rate remains in effect until the DAO votes to change it.

At current staking levels of around 400M $WALLET, passing this proposal would result in approximately 8M $WALLET minted over the next year.

All existing $stkWALLET mechanics stay the same:

• 30-day unstaking period (no exit fee, no rewards during the leave period; forfeited rewards are distributed to remaining stakers)
• Instant rage quit with a 50% exit fee, distributed to remaining stakers
• $stkWALLET retains full governance voting power (1x vs 0.5x for unstaked $WALLET)

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The question is: Should Ambire reintroduce $WALLET staking rewards at a 2% APY?

Voting options

• Yes
• No

If the majority votes Yes, staking rewards go live shortly after the vote concludes. If the majority votes No, the DAO can propose an alternative.

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What this means for you

If the vote passes (Yes wins):

• Already staking in Ambire Rewards? You don't need to do anything. Your $stkWALLET will automatically start earning the 2% APY.
• Holding $WALLET but not staking yet? You can stake your tokens through Ambire Rewards to start earning. Here's a step-by-step guide: How to Stake $WALLET

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Motivation

Keep stakers rewarded between seasons. With no active Rewards season, $stkWALLET holders currently earn nothing for locking their tokens. A 2% APY ensures staking remains worthwhile while the future of Ambire Rewards is decided.

Encourage long-term holding. Staking rewards give $WALLET holders a reason to stake and hold rather than sell during a period with no other active incentives. This benefits both the community and the token's health.

Simple and predictable. The rate is easy to understand and doesn't require tracking complex formulas or seasonal milestones. It runs until the DAO decides otherwise.

Aligned with how staking was designed. $stkWALLET was always meant to reward commitment: governance power, exit fees that benefit loyal stakers, and yield. This proposal restores the yield component.

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Voting requirements

• Hold $WALLET or $stkWALLET before the snapshot.

• Note that the voting power of $WALLET tokens is half (0.5 points) that of $stkWALLET tokens.

• Any token changes after the snapshot will not affect the voting power. For example, staking your $WALLET tokens after the snapshot will not double their voting power.

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Useful Links

Ambire Governance Votes
Website
GitHub
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Discord
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