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Note that arShield and arCore have been sunsetted since 1st June 2022. arNFTs have been sunset as of January 2023. Coverage is no longer valid, any hacks will not be eligible for claims. Users will still be able to withdraw their deposits and earned $Armor rewards. Please see this announcement for full details on arShield and arCore.
Armor token holders may stake their ARMOR:ETH LP Tokens into arShield which gives them the ability to receive staking rewards in ARMOR and ETH or DAI if the DAO decides to distribute fees.
How the Armor protocol accrues fees:
Minting arNFT generates distributable fees on expiry equal to 10% of the premium charged.
arCore Smart Cover System and arShield sales to end users via pooled arNFT coverage generates distributable fees via 10% profit share.
Staking rewards are proportional to the user’s stake in the arShield LP staking pool.