AVA Foundation said that AVA+ Rewards will open to Smart Steel through Platinum members on Wednesday, April 22 at 7:00 AM UTC. In the official announcement, the foundation said the launch expands access to a self-custody rewards feature tied to locked AVA holdings.
The rollout affects upper-tier Smart members who want to earn AVA rewards through self-custody wallets. AVA Foundation said Steel to Platinum members can receive rewards equal to 5% per year on locked AVA, subject to tier-based caps, while the feature runs through a smart contract and supports withdrawals either after 10 days with no fee or immediately with a 2% fee.
The next point to watch is the live activation on April 22 and how members begin using the feature once access opens. The announcement also says rewards can be claimed up to once per day and that unclaimed rewards accumulate without compounding.
Source: AVA Foundation announcement.
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