re.al mainnet has been live for about 2 months (publicly announced on May, 20th). The first protocols have deployed on the chain, and we have amassed an initial TVL of ~$52M, primarily in tokenized real estate assets managed by Tangible, which will be sold into active liquidity in the coming weeks and months.

As we transition from development into this new phase, we are focusing our efforts on growth, business development, and marketing through the following activities:

1. Rewards Program: On July 1st we started the $RWA Rewards Program allocating 10% of token supply to reward/incentivize chain users across multiple seasons. This sybil-resistant program rewards liquidity providers, protocol users and ecosystem participants based on their on-chain activities and value, with rewards schemes designed to maximize behaviors we believe will accelerate chain growth. As we feel DeFi users have had enough of the current points meta, we created a unique program, designed to be the most transparent and value-driven airdrop campaign in DeFi. Users can check their current rewards in dollar value, not just in points. And on top of that, the $RWA token is already trading and 100% circulating. It also redistributes chain and protocol fees back to veRWA locks giving users real token utility (more info in this announcement: https://x.com/real_rwa/status/1807788345331974249).

2. Developer incentives: teams interested in building on the chain will be delegated veRWA grants. 100% of transaction profits (after gas fees and 10% distribution to Arbitrum) accrue to veRWA holders, along with a percentage of revenue share from the protocols building on the chain. Through delegation of protocol-owned veRWA, we can sustainably fund the build initiatives of new teams through the daily yield accrued from the activity on the chain. In season 2 of the rewards program starting on Sept 1, approximately 40% of all airdrop points will be rewarded based on gas consumption, further incentivizing new protocols to build on the chain.

3. Ecosystem growth: we are in talks with several RWA projects to onboard them on re.al. We are also working on building in-house new DeFi primitives tailored for the RWA vertical.