Welcome to the $WORK Rewards
How-To Guide & FAQ
Many of the common questions you may have about $WORK Rewards are answered here.
If the question you have isn’t located here, please reach out to us at firstname.lastname@example.org.
Under the hood, $WORK Rewards are Superfluid “Super Tokens,” which grants them all kinds of powers like the ability to be streamed. If you’d like to bridge $WORK to other networks (e.g., Mainnet Ethereum), you will need to unwrap your $WORK from the Superfluid protocol, which you can do from the Superfluid Dashboard.
Unwrapping from the Super Token (“$WORK”) will result in $protoWORK, which can then be bridged to other networks, like Mainnet Ethereum or Polygon.
$protoWORK is always redeemable 1 for 1 for $WORK.
When you’re logged into the Member Dashboard, head to the Rewards & Governance section (for Coalition Members or Employee Members, depending on which type of member you are). There you will see your current $WORK balance, how many you have already staked (if any), as well as a breakdown of the source of your $WORK rewards.
Within the Rewards & Governance section, navigate to the Change $WORK Wallet tab on the top. Here you’ll have two options: stick with the Default Wallet or change to a Custom Wallet.
Default Wallet (Magic Labs)
Using the Default Web3 Wallet will allow the Dashboard to take care of everything for you. If you’re Staking or Unstaking, it will submit those transactions to the staking smart contract on your behalf and even pay for the gas costs. If you don’t know what any of this means or you’re new to the whole Web3 thing, then the Default Wallet is the definitely choice for you!
Selecting Custom Wallet will allow you to use your own existing personal wallet. Any Ethereum wallet that connects via Metamask (including hardware wallets like a Ledger or Trezor) or WalletConnect will work.*
Connect your wallet to the Dashboard, and click Change $WORK Wallet. The new wallet will be registered to your membership, and your $WORK Rewards will be automatically sent to its address. You may need to add the $WORK token to your wallet to be able to see your $WORK rewards there. To add the $WORK token to MetaMask, scroll to the bottom of Assets and click Add Token. Then, under Custom Token, enter the contract address of the $WORK token: `0x6689a8f4fdad6712888682c9ce81b26762389f40`.
To Stake or Unstake with your custom wallet, you will need to connect it to the Dashboard.
* If you have an existing wallet that you would like to use but does not work with Metamask or WalletConnect, please let us know BEFORE you attempt to do anything.
Changing your wallet (see “How do I change the wallet I use for $WORK?”) will transfer the $WORK Rewards from your default wallet to the wallet of your choice (Metamask or WalletConnect compatible).
$WORK Rewards are on the xDAI network.
If you are using a Custom Wallet (see the change wallet section above), you may need to add the xDAI network to your wallet networks in order to see and use your $WORK Rewards balance; you can find instructions to add xDAI to MetaMask here. You will also need xDAI to pay for transactions (just like you need ETH to pay for transactions on Mainnet Ethereum). If you use the Default Wallet, the Commons will cover your transaction fees.
The token contract address for $WORK Rewards is 0x6689a8f4fdad6712888682c9ce81b26762389f40
Just above your $WORK Rewards balance in the Member Dashboard is an option to “Stake”. Enter the amount of $WORK you wish to stake (must be at least 1 whole $WORK token) and click the “Stake” button.
If you are using the Default wallet that was assigned to you when you joined, the Dashboard will submit the Stake transaction for you.
If you are using a Custom wallet (Metamask or WalletConnect compatible), your wallet will prompt you to sign and submit the Stake transaction (it may also require a token approval transaction as well).
Once the Stake transaction has completed, you’ll see both your Staked and (if applicable) Unstaked balances update in the Dashboard.
First, check how many $WORK Rewards you have staked by referencing your Staked Balance. Then, enter the amount of $WORK you wish to unstake. If you are using the Default wallet assigned to you when joining the Commons, the Dashboard will submit the Unstake transaction for you.
If you are using a Custom wallet (Metamask or WaletConnect compatible), your wallet will prompt you to sign and submit the Unstake transaction. Once the Unstake transaction has completed, you’ll see both your Staked and Unstaked balances update in the Dashboard.
If you’re an Employee Member, you’ll soon be able to use your $WORK to boost your voting power on the Employee Commons governance proposals.