Ether.Fi, the largest liquidity-reinvestment protocol on Ethereum, announced today the launch of its second-season airdrop points activity and revealed the details of the rules. This airdrop introduces a new level system and will distribute 50 million tokens, accounting for 5% of the total supply.
Background:
Ether.fi airdrop tonight – Sun Yuchen receives 3.45 million ETHFI tokens, criticized for unfairness, and one-time overview of the claiming process.
IOSG perspective – Why do we invest in ether.fi? A perspective on the future development of LRT.
Ether.Fi, the largest liquidity-reinvestment protocol on Ethereum, concluded its first-season airdrop activity on the 15th, distributing 6.8% of the total token supply. Following that, it announced today the launch of its second-season airdrop points activity, which will run from March 15th to June 30th. The longer the staking period, the higher the loyalty points reward.
The second season will airdrop 50 million tokens, accounting for 5% of the supply.
Introduction to the rules:
According to the official introduction, the second-season airdrop activity will introduce an 8-level level system called StakeRank. For every 100 hours of ETH staked, users will move up 1 level in the ranking. Each level offers a higher loyalty points rate increase, and the staked balance must be above 0.1 eETH to continue leveling up.
Users who participated in the first-season airdrop activity will start from level two (Rank II), and Ether.Fan NFT holders will automatically upgrade to level three (Rank III). Each NFT holder is eligible for one automatic upgrade.
To ensure fairness to new stakers, the points accumulation rate for the second season has been increased by 10 times. Although this may dilute old points, the old points will still be taken into account, but the following conditions must be met:
For users who withdraw ETH or most of their ETH, their first-season points will not qualify them for the second-season airdrop unless they stake additional ETH during the second season. If a user’s points are more than 70% from the first season, they will not be eligible for the second-season airdrop.
Users who exit before the end of the second season will not qualify for the airdrop.
Any blatant witchcraft or manipulation attempts will not be able to claim the airdrop.
It should be noted that the rules and conditions of StakeRank may change, so it is important to stay updated with Ether.Fi’s updates.