3. Senator NFTs
3. Senator NFTs
3.1 Essential Gateway to Rewards
Key Point: You must hold a Senator NFT to
Receive the 20% LEGION airdrop (snapshot date TBA).
Access ongoing multi-token distributions that will last 10 years (funded by the Sablier LEGION stream and potential sponsor deposits).
Failing to have a Senator NFT by the airdrop snapshot means no direct share of the initial LEGION distribution. Moreover, only Senator holders can stake in the Senate for further rewards.
3.2 Obtaining a Senator NFT
Stake 1M GLUTEU: You lock 1,000,000 GLUTEU in our staking contract.
VRF Request: A Chainlink VRF call randomly selects one of up to 500 Senator IDs (some rarer than others).
Mint & Claim: You claim your minted Senator NFT once the random process finalizes.
3.3 90-Day Wait & “Rerolling”
After 90 days of holding the NFT, you can burn it to unstake your 1 million GLUTEU—effectively recovering your deposit with no net loss. You may then re-stake to try for a different (and possibly rarer) Senator NFT ID.
Collector Appeal: Some IDs may be rarer or more aesthetically desired, meaning market premiums on major NFT platforms like OpenSea or BLUR.
Floor Price Support: Arbitrageurs typically won’t sell a Senator NFT for less than the equivalent of its 1 million GLUTEU deposit because they can always wait out the 90 days, burn the NFT, and reclaim those tokens.
3.4 Secondary Market Examples
Alice stakes 1 million GLUTEU, gets Senator #321. After 90 days, she decides to reroll for a rarer ID. She burns #321, recovers her 1 million GLUTEU, and stakes again to receive Senator #7—perhaps known to be very rare.
Bob obtains Senator #10 on the secondary market. Bob effectively gains control of the 1 million GLUTEU locked behind that NFT once the 90-day period ends.
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