1. Introduction to My WOO
My WOO is an exclusive program on WOO X that rewards users who hold WOO tokens with enhanced services and exclusive perks. As users advance through holding tiers, they unlock enhanced benefits including much lower trading fees, additional daily free withdrawals, higher referral commissions, and more.
1.1 Who can participate in My WOO?
Upon completion of KYC level 1 verification, you can participate in My WOO. All users, including existing WOO X users, will automatically qualify for My WOO when they meet these minimum holding requirements:
| My WOO holding tier | Required total daily average WOO holdings |
| 0 | < 1,800 WOO |
| 1 | ≥ 1,800 WOO |
| 2 | ≥ 25,000 WOO |
| 3 | ≥ 150,000 WOO |
| 4 | ≥ 500,000 WOO |
| 5 | ≥ 1,000,000 WOO |
Notes:
- The system takes hourly snapshots of WOO holdings at random times, capturing the user’s WOO balances across all supported products—Spot (including Wallet and Vault), Staking, and Yield Farming. For Spot Wallet and Vault holdings, this includes WOO balances in both main accounts and their sub-accounts.
- Daily average WOO holdings are calculated from these hourly snapshots, with each day running from 00:00:00 (UTC) to 23:59:59 (UTC). You can view your holding history through My WOO > My WOO holdings > Holding history.
- User holding tiers update daily at 00:00 UTC, with any tier changes reflected shortly afterward.
1.2 What are the exclusive perks?
At the launch of My WOO, users will receive the following benefits, with more perks to be added over time.
- Discounted trading fees: Users receive lower fees based on their My WOO tier. Higher tiers offer deeper discounts, and even more when meeting higher volume requirements.
- Daily free withdrawals: Each non-zero tier includes daily free withdrawal(s), with higher tiers granting additional free withdrawals per day.
- Referral commissions: Higher tiers earn larger shares of trading fees from referred users.
- Boosted yields for Earn: Selected Earn vaults will offer enhanced APR through boost rewards.
1.3 Do I need to stake to earn yield?
Yes—users will need to stake WOO through WOO Staking to earn staking yields in addition to the exclusive perks provided by My WOO.
1.4 How long will my unlocked tier status last?
The holding tier will be updated daily at 00:00 UTC. Any upgrades or downgrades will be reflected in your account shortly after each update. If you reduce or increase your WOO holdings through the day, the My WOO tier won't change immediately since it is based on your average holdings from the previous day. However, the reduction or increment will affect the current day's average calculation, which may lead to a tier downgrade or upgrade the next day.
1.5 Does the sub-account receive the same unlocked perks as the main account?
Yes, all underlying sub-accounts will adopt the same unlocked perks as the main account, subject to features that are only available to sub-accounts.
2. My WOO tier holding calculations
Your daily average WOO holdings will determine your My WOO tier for the next day.
2.1 Hourly snapshots
The system captures hourly snapshots of a user's WOO holdings at a random time within each hour, occurring simultaneously across all supported products:
- Spot (Wallet and Vault)
- Staking
- Yield Farming
| Product | Hourly snapshot calculation |
| Spot (Wallet and Vault) | For Spot, hourly snapshots will capture the net WOO balance in the user's spot wallet and vault, including both the main account and any underlying sub-accounts. (WOO Spot Holdings) = (Net WOO Balance) = Σ(WOO Balance) - Σ(Borrowed WOO + WOO Interest) |
| Staking | For Staking, hourly snapshots will capture the user’s total amount of WOO in the onchain WOO staking. (WOO Staking Holdings) = Σ(WOO Staked) + Σ(Unbonding WOO) |
| Yield Farming | For Yield Farming, hourly snapshots measure the user’s total WOO subscriptions that are currently farming new project tokens. (WOO Yield Farming Holdings) = Σ(WOO Subscriptions) |
2.2 Total daily average holdings
The system calculates daily average WOO holdings for each user from hourly snapshots. For each supported product, it sums up the 24 hourly snapshots and divides by 24 to get the daily average. A day runs from 00:00:00 UTC to 23:59:59 UTC, with tier updates occurring at 00:00:00 UTC daily.
The system then combines the daily average WOO holdings across all supported products to calculate the total daily average, which determines the user's My WOO holding tier.
Σ(Daily Average WOO Holdings)
= (Daily Average WOO Spot Holdings) + (Daily Average WOO Staking Holdings) + (Daily Average WOO Earn Holdings)
My WOO tiers are determined by the following thresholds:
| My WOO holding tier | Required total daily average WOO holdings |
| 0 | < 1,800 WOO |
| 1 | ≥ 1,800 WOO |
| 2 | ≥ 25,000 WOO |
| 3 | ≥ 150,000 WOO |
| 4 | ≥ 500,000 WOO |
| 5 | ≥ 1,000,000 WOO |
Things to note:
- If the value of the total daily average WOO holdings is negative, it will be regarded as zero.
- If a user reduces or increases WOO holdings, the My WOO tier won't change immediately since it is based on the previous day's average holdings. However, the reduction or increment will affect the current day's average calculation, which may lead to a tier downgrade or upgrade the next day.