Moe’s Journey SZN4: Hot Moe Summer
Bribes. Tickets. Powder. mETH. cmETH — it's time to COOOOOK!
SZN4 ‘Hot Moe Summer’ has arrived ☀️
Moe’s Journey SZN4 is ready to get COOKING. Mantle has just launched their Methamorphosis Campaign to kick off the Mantle LSP’s new restaking token — cmETH. With this campaign bringing a new wave of liquidity and attention to Mantle, SZN4 of Moe’s Journey will run in tandem, focusing on driving adoption of mETH and cmETH while also rewarding Moe stakers and community members.
Merchant Moe has received a fresh 250,000 $MNT grant from Mantle, which will be used for rewards in this season. The campaign will span 14-weeks, beginning on Monday, July 8th and ending Monday, October 14th. SZN4 is an evolution of previous seasons, with bribes now being used as the primary way to deliver rewards to stakers. Let’s begin journeymen…
Campaign Structure
The structure of the SZN4 campaign will be divided into two main parts: Weekly bribes and Moe Journey Tickets.
1️⃣ Weekly Bribes
A total of 200,000 $MNT has been allocated for weekly bribes targeting core liquidity pools for the Merchant Moe DEX.
Bribes, also known as Voting Rewards, allow MOE stakers to opt-in for rewards when using their veMOE voting power for a designated pool. Each week, bribes will be set across multiple markets, and stakers will be able to vote, opt-in, and begin accruing MNT rewards. With bribes being a permissionless system, partner protocols may also offer additional bribes to boost their liquidity pools, providing stakers with even further. MOE stakers can expect a consistent flow of rewards over the next months for participating in voting.
🗳️ Weekly Bribes in SZN4 will be used to boost key campaign pools while simultaneously balancing rewards in other core pools. These bribes will be dynamically adjusted week-to-week to maintain a healthy liquidity landscape on the DEX. Bribes are subject to change.
Methamorphosis
To align with the Methamorphosis campaign, mETH and cmETH pools will be a key focus, with these pools planned to receive the highest bribe rewards. Bribes will be used to direct increased MOE rewards to these pools, driving adoption in mETH + cmETH pools and bringing increased liquidity.
Not only will bribes increase the MOE rewards directed to these pools, but these pools will be earning “Powder” points as a part of the Methamorphosis Campaign. The following Mantle LSP pools will be designated for earning “Powder” via liquidity provision on Merchant Moe:
mETH/WETH — 30 Powders per day
mETH/USDT — 40 Powders per day (Highest Possible Powder⭐)
mETH/USDe — 40 Powders + 30x Sats per day (Highest Possible Powder+Sats⭐)
cmETH/WETH [Launching later in campaign]
cmETH/USDe [Launching later in campaign]
Powder points will earn users an allocation of $COOK, the Mantle LSP governance token. Daily snapshots will be taken by Mantle for Powders, with concentrated liquidity LPs required to be within ±20% of the active price in the mETH/USDT + mETH/USDe pools and ±3% of the active price in the mETH/WETH pool.
FBTC
The specific timeline for launch has not yet been announced, however once launched, bribes will also be used to grow adoption in FBTC pools on Merchant Moe, another key growth catalyst in the Mantle ecosystem. More details will be announced closer to the FBTC launch.
2️⃣ Moe Journey Tickets
Hot Moe Summer has cooked up a brand new evolution for the Moe Journey Points system.
🎫 Introducing Moe Journey Tickets (MJT) — a gamified way to win bonus MNT rewards.
Inspired by the community favorite ‘Spin to Win’ program, MJT is bringing the fun of a community rewards draw to the next level. Simply collect MJT by staking MOE and be entered into a draw for rewards each epoch!
A total of 50,000 MNT has been allocated to Moe Journey Ticket rewards in SZN4. Here’s how it works…
Collecting Moe Journey Tickets (MJT)
The primary way to earn Moe Journey Tickets in SZN 4 is by staking MOE. The amount of MJT you collect is tied to your veMOE balance, which unlocks different staking tiers.
To accrue veMOE, users simply stake MOE. Each staked MOE will reach a maximum balance of 1000 veMOE after a 7-day period. Stake more MOE to unlock higher tiers and collect more MJT.
A snapshot will be taken at the end of each two-week epoch, locking in your MJT total. Winners will be announced in the days after each epoch ends.
Rewards for Moe Journey Tickets
MJT Rewards will be distributed based on two-week epochs. Each epoch will feature a total of 7000 MNT in rewards to be won by 100 lucky journeymen. Your share of the total tickets determine your chances at winning. The more tickets you have, the higher your chance to win. The reward distribution is as follows:
500 MNT x 1
250 MNT x 4
100 MNT x 25
50 MNT x 50
25 MNT x 20
The first epoch will begin on July 8th at 5pm GMT, and subsequent epochs will begin as soon as the previous two-week epoch concludes.
Collecting Bonus MJT
Additional MJT bonuses can be collected each epoch through various boost methods. These bonuses reset at the start of each new epoch.
1️⃣ SZN3 Participant Bonus
Automatically earn 10 tickets per epoch for wallet addresses who participated in Season 3 [Recurring]
2️⃣ Increasing Stake Bonus
Increase your MOE stake each epoch to earn extra MJT. Collect 1 ticket per 25 MOE staked after the start of the epoch [Must qualify for Staking Tier 1 at the beginning of epoch to be eligible]
3️⃣ Methamorphosis MDMA Bonus:
Contribute to the adoption of cmETH and provide liquidity in Methamorphosis pools on Merchant Moe. Collect 1 ticket per 25 MOE claimed from MDMA for pools in the Methamorphosis Campaign.
cmETH / WETH [Soon]
cmETH / USDe [Soon]
4️⃣ Merchant Moe Community Participation: Various amounts of MJT may be offered for completing quests, attending community calls, or any other community activities.
Track your current staking tier, your MJT collected each epoch, and all additional info directly on the Moe’s Journey page of the DEX 👇 [Will go live at the start of SZN4]
🔗 Check your MJT for Moe’s Journey SZN4
Fair game is expected for all and anyone found manipulating tickets accrual for their personal benefit at the loss of other community members will find themselves disqualified and banned. Moe play’s by the rules, so should you.
🚨 Loyal Journeyman Requirement
Moe Journey Ticket are designed as a rewarding and fun system for our most loyal community members. To participate in the rewards draw for each week, users must first become eligible by claiming a new MJT Role in the community Guild (Ensure you connect the same wallet that you are collecting MJT with).
👉 Claim the required MJT Role here 👈
After claiming your role, to lock in your loyalty for each epoch, users must:
Trade loyally on the Merchant Moe exchange (must make minimum 1 swap per epoch)
Remain staked with any $MOE throughout the epoch
Unstaking ANY amount of MOE or swapping tokens elsewhere on Mantle will null your MJT for that epoch and disqualify your wallet from the draw for that epoch.
BEARDY MOE’S ARE COMING
Rewards for SZN4 don’t stop with MNT!
At the conclusion of SZN4, we’re launching the Beardy Moe’s community PFP collection. The Moe journeyman is a core piece of the Mantle and Merchant Moe culture, and this collection will be a way for you to represent your status and involvement within the community. Featuring traits, characters, and drug references from all over the Mantle ecosystem, all Moe and Mantle enthusiasts will find a Beardy Moe that is perfect for you.
Your Loyal Journeyman status across SZN4 will play a part in determining WL allocations for this new collection.
The first epoch for Moe Journey Tickets will go live on Monday at 5pm GMT, and weekly bribes will begin later in the week. Stay tuned for updates in the Merchant Moe Discord.
It’s is officially HOT MOE SUMMER, and SZN4 is here to cook up a new round of rewards for the community. The introduction of weekly bribes and the evolution into the MJT system will provide rewards for our most engaged users while also tying in directly to the Methamorphosis Campaign by Mantle.
It’s time for Moe’s Journey Season 4!
About Merchant Moe
Merchant Moe is the cornerstone DEX for Mantle Network. A trader's oasis in the bustling worlds of DeFi, Merchant Moe offers seamless trading, discretized liquidity, and real yield all within his intuitive and easy-to-navigate platform.