WCT Series (Nineteen): Three-Level Classification Standard for Wallet Performance Rewards
The wallet reward system designed by WalletConnect is quite practical. It is divided into three levels, aimed at encouraging wallet providers to enhance user experience, while using WCT tokens as incentives to ensure active participation in ecological construction. In simple terms, these three levels resemble a ladder, from beginner to expert, with increasingly stringent standards but also greater rewards.
The lowest level consists of wallets that do not meet the criteria. These are basically at the beginning stage or performing average, failing to reach the minimum threshold. For example, if they have not staked enough WCT tokens, or their monthly connection and signing frequency is below 100,000 times, they will not receive rewards. This level primarily filters out low-activity wallets, pushing everyone to strive for improvement.
The middle level consists of wallets that meet the criteria. They must first stake a minimum amount of WCT, and then achieve at least 100,000 successful connections and signatures each month. They share a reward pool of 1.5 million WCT for the first year, distributed based on connection count, signing frequency, and UX standards. UX standards include whether they meet WalletConnect's certification requirements, such as response speed and security. Rewards at this level are linearly distributed; the better the performance, the more they earn.
The top level consists of certified wallets, which are elite-level and must pass strict reviews, such as supporting CAIP standards and end-to-end encryption. The reward pool is larger, with 4 million WCT for the first year, and the distribution is non-linear, favoring high performers to allow leading wallets to earn more, stimulating competition. The initial calculation process is done off-chain, but the results are published on-chain to ensure transparency.
This three-level standard drives wallet providers to optimize performance through WCT tokens, promoting smoother user connections across the entire Web3 space. In the future, governance can adjust the pool size to make rewards more aligned with ecological needs. In summary, this is not just about distributing money but about using incentives to build a high-quality wallet network.
