Our Season 3: Perks Passport is LIVE!
Etherfi’s much-anticipated Season 3 is now live, featuring the exciting Perks Passport! Running from July 1 to September 14, 2024, this season brings a generous allocation of 25,000,000 ETHFI tokens for our dedicated community. By joining Season 3 and staking your assets, you can immediately start earning rewards and boosting your loyalty points.
With Perks Passport, participants can earn boosts for each stamp they collect by engaging with our DeFi partners and exploring Etherfi products. Every 5 stamps earn you an additional 0.5x boost, up to a maximum of 5x. Season 1 and Season 2 participants already enjoy boosts, and Season 3 participants can now earn even more. Stay tuned as we roll out more perks!
Project Overview
Etherfi is a pioneering liquid restaking platform on Ethereum, offering a variety of DeFi products and services such as staking, liquid vaults, and a soon-to-be-launched cash management service. Known for its commitment to decentralization and user-controlled keys, ether.fi has partnered with prominent DeFi protocols like EigenLayer to enhance its ecosystem.
Building on the success of previous seasons, Etherfi Season 3 introduces new mechanics to further engage and reward its community. With the introduction of the Perks Passport, participants have even more opportunities to earn loyalty points and boosts, making this airdrop more rewarding than ever.
Initiative Details
Objectives
- Reward loyal community members for their contributions.
- Incentivize deeper engagement with ether.fi’s platform and services.
- Promote sustained growth and adoption of ether.fi.
Token Allocation
- A total of 25,000,000 ETHFI tokens will be distributed during Season 3.
- Allocation is based on community participation metrics and engagement levels.
Timeline
- Start Date: July 1, 2024
- End Date: September 14, 2024
- Airdrop distribution will occur shortly after the conclusion of Season 3.
Mechanics
Perks Passport Explained
Perks Passport is a system designed to reward users with boosts to their ether.fi loyalty points based on their participation in various DeFi activities and events. Here’s how it works:
- Users earn boosts for participating and meeting the requirements of any passport activity or event.
- Participants can earn up to a 5x boost on their ether.fi loyalty points.
- Perks activity boosts range from 0.1x to 3x, depending on the event or action.
- For every 5 Perk activities earned, the user will get an additional 0.5x Boost.
- Perk activities remain “stamped” once the condition for activating is met (e.g., maintaining a deposit in a Liquid vault for a minimum of 7 days).
- Users receive an additional 0.05x boost every 24 hours, up to the maximum 5x.
Loyalty points will continue to accrue at the same rate as in Season 2, and all points from Seasons 1 and 2 will be displayed in the dapp Portfolio tab and will apply to Season 3.
Conditions
- A user’s staking balance needs to be above 0.1 eETH to activate Perks Passport.
- All eETH and weETH, whether held or in supported DeFi positions, will be treated the same for Perks Passport.
- Users who withdraw their ETH or mostly withdraw their ETH will not earn a Season 3 airdrop unless they stake additional ETH during Season 3.
- Users who withdraw their staked ETH shortly before or after the end of Season 3 may be disqualified for the airdrop.
- Any blatant sybil or manipulation attempts will result in no airdrop.
How to Participate and Claim Your Airdrop
Step-by-Step Guide
One. Deposit Accepted Tokens:
- Between July 7, 00:01 UTC and July 14, 23:59 UTC, 2024, deposit any accepted token into the King Karak LRT vault. This ensures your eligibility for the 200k ETHFI token share this week.
Two. Automatic Airdrop:
- After the event ends, your ETHFI rewards will be automatically airdropped to you within approximately 20 days. No action is needed from your side, and there are no gas fees involved.
Three. Stake ETH:
- Ensure your staking balance is above 0.1 eETH. If not, stake additional ETH through the ether.fi platform to qualify for further rewards.
Four. Activate Perks Passport:
- Participate in various DeFi activities and events to earn Perk activities and boosts. Monitor your progress in the ether.fi dapp under the Portfolio tab.
Five. Maintain Staking Requirements:
- Keep your staked ETH in place and avoid withdrawals that might disqualify you from the airdrop.
Six. Accumulate Loyalty Points:
- Engage with the platform regularly to accumulate loyalty points and earn boosts through the Perks Passport system.
Seven. Check Eligibility:
- Ensure that all your activities and staking meet the conditions set for the airdrop.
Eight. Claim Your Airdrop:
- For the Season 3 airdrop, eligible users can claim their ETHFI tokens shortly after the season ends. Detailed instructions on claiming will be provided on the ETHFI Official Airdrop Page.
Additional Information
The proposed Season 3 airdrop increases the total ETHFI token airdrop allocation to 14.76%, reinforcing ether.fi’s commitment to its community. Community members will be informed about qualification and participation through the protocol’s Discord, Twitter, and other socials. The Season 3 airdrop payout will follow the same vesting schedule as Seasons 1 and 2. The design may evolve based on community feedback and suggestions throughout the season.
Conclusion
The Etherfi Airdrop Season 3 is a golden opportunity for both new and existing community members to deepen their engagement with the ether.fi ecosystem while being generously rewarded. We encourage all participants to get involved, adhere to the staking requirements, and maximize their boosts through the Perks Passport system. Don’t miss out on this chance to earn a share of the 25,000,000 ETHFI tokens. Participate actively and claim your rewards!
By following the steps outlined in this guide, you can ensure a smooth and rewarding experience during Etherfi Airdrop Season 3. Happy staking!
