Today marks a significant milestone for RootstockCollective and the broader Rootstock ecosystem: the launch of Collective Rewards!
With Collective Rewards now available to all members of RootstockCollective, both builders and backers can now start earning token rewards paid in Bitcoin and RIF for driving innovation within the Rootstock ecosystem. This is part of our efforts to supercharge efforts to scale Bitcoin using Rootstock, the leading and longest-running Bitcoin L2.
Create your builder dream team by allocating your stRIF today and start earning backer rewards paid in Bitcoin and RIF.
Stake your RIF and join the Collective Rewards today!
What are Collective Rewards?
The Collective Rewards program is not just a reward mechanism; it is the cornerstone of a novel self-sustaining, decentralized ecosystem.
By ensuring value capture and reward sharing between Builders and Backers, the Collective Rewards incentivize engagement, innovation, and fair competition, driving the decentralization and growth of the Rootstock ecosystem.
How do Collective Rewards work?
Collective Rewards stands out as a program designed to empower contributors:
- Builders get rewarded for increasing activity and value creation in the Rootstock ecosystem.
- Backers stake RIF to support impactful projects and earn a share of rewards for driving the network’s growth.
This transparent, community-led program strengthens Rootstock’s position as the top choice for developers while enabling anyone to participate in building Bitcoin’s Layer 2 future.
Dive into the whitepaper to learn more about builders, backers, and rewards.
How to Join?
Start by getting RIF and staking it, and join the Collective Rewards:
- Submit your proposal to the community on Discourse.
- Complete KYC verification through the RootstockCollective dApp.
- Submit a proposal to the community for approval.
- Once activated, set your backer-reward percentage and start earning rewards.
- Stake your RIF tokens to receive stRIF tokens through the RootstockCollective dApp.
- Use your stRIF tokens to vote for builders to get them activated in Collective Rewards.
- Use your stRIF tokens to back builders of your choice.
- Monitor and claim your rewards.