Rewarding Templars With FAITH

A Brief History of FAITH

Objectives for FAITH Redemption

  1. FAITH holders are duly & fairly rewarded.
  2. OC participants who initially received FAITH but who have since sold have the opportunity to come back into the Temple.
  3. Those who don’t hold FAITH are not overly diluted.
  4. We optimize the distribution of the pre-minted Bonus Pool to the community.

FAITH Redemption in Temple Core Vaults

  • The amount of rewards you receive when redeeming FAITH is dependent on how much $TEMPLE you deposit into the vault relative to the amount of FAITH you have.
  • The more $TEMPLE you stake, the more $TEMPLE you’ll receive for your FAITH, with the max TEMPLE/FAITH reward ratio capped at 40%.
  • If 1250 $TEMPLE is staked into a vault (25% of total FAITH), 5000 FAITH is burned, and the Templar receives an additional 375 $TEMPLE.
    13.33 FAITH is worth 1 $TEMPLE
  • If 2500 $TEMPLE is staked into a vault (50% of total FAITH), 5000 FAITH is burned, and the Templar receives an additional 750 $TEMPLE).
    6.66 FAITH is worth 1 $TEMPLE
  • If 5000 $TEMPLE is staked into a vault (100% of total FAITH), 5000 FAITH is burned, and the Templar receives an additional 1500 $TEMPLE.
    3.33 FAITH is worth 1 $TEMPLE
  • If 6666 $TEMPLE is staked into a vault (133% of total FAITH), 5000 FAITH is burned, and the Templar receives an additional 2000 $TEMPLE.
    2.5 FAITH is worth 1 $TEMPLE — the max reward claimable.

Conclusion

Update June 9, 2022

What is FAITH Redemption?

How does it work?

How long do I have to redeem my FAITH?

Can I transfer my FAITH to another wallet?

How can I check how much FAITH I have?

Will you reopen FAITH claims?

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