After driving more than $2 billion in token trading volume over the last month, our final Wave 1 rewards pool now contains $12.2 million of NFTs and tokens, 100% of which will be distributed soon via your Wave 1 Treasure Chests!

We've also added $1,000,000 of tokens to kick off the Wave 2 rewards pool.

Here are some details on what to expect next.

Progress on Wave 1 has now been locked. Shortly you'll be able to view your final Wave 1 Treasure Chest in a "pending open" state on your rewards profile. As shared last week, it will take our team some time to ensure the prize pool is distributed fairly and accurately. Our goal is to allow you to open your chests and claim what's inside by Oct 17.

There are 63 Wave 1 Grand Prizes which can be discovered by anyone, but are more likely to be found by those who obtained higher tier Treasure Chests.

We are placing WETH offer liquidity behind NFTs across any collections where we purchased 11 or more items. Any NFTs acquired by OpenSea via accepted offers will be placed into the Wave 2 rewards pool.

Wave 2 will run from Oct 15 - Nov 15 and 50% of our platform fees will continue to fund a new pool of rewards. We are also kicking off Wave 2 by adding $1,000,000 of $OP, $SOMI and $ETH! Shortly you'll be able to login to your rewards portal to begin leveling up your new Wave 2 Starter Chest.

Our team is working to add new features to our rewards program for Wave 2, which we plan to release in the coming weeks:

- More Voyage Types
- Increased Shipments
- A New 13th Chest (Currently Locked)

We are also listening to your feedback and evaluating ways to continue improving, including options for incentivizing loyalty and more organic usage.

The team is now hard at work processing Wave 1 rewards for distribution and enabling your Wave 2 starter chests - we'll let you know as soon as your Wave 1 rewards are available to claim! 🔓