Summer time.fi, the decentralized finance platform, has introduced the launch of RAYS, a brand new factors system designed to incentivize and reward customers for partaking with its app and supported protocols.
The reward program is designed with three key phases as described beneath.
Retroactive participation
On June 18, 2024, a snapshot was taken to acknowledge previous and current Summer time.fi customers in addition to these at present utilizing varied protocols and companies obtainable all through the broader DeFi ecosystem and people having an lively pockets.
Over two million person addresses shall be awarded RAYS primarily based on their exercise ranges.
Retroactive factors claiming
From June 20 by means of September 17, customers with RAYS allotted to them from the Retroactive snapshot can have three months to say their RAYS.
Customers who use, or who’ve prior to now used Summer time.fi, robotically declare their RAYS however non-Summer time.fi customers must open a place on Summer time.fi for not less than 14 days to be able to declare their RAYS.
Accruing of RAYS
From June 18, factors began accruing for lively Summer time.fi customers primarily based on their platform use and the scale of their positions.
RAYS shall be dwell and can accrue over a interval of three years, till June 17, 2027, for any lively positions and could also be amplified by means of performing extra actions like including automations, migrating positions from different entrance ends or swapping tokens utilizing ‘multiply’ and ‘yield loop’ options.
Customers could achieve extra RAYS by performing varied extra actions like having longer open positions.
The RAYS program is a part of Summer time.fi’s ongoing efforts to reinforce the person expertise and drive adoption of its cutting-edge DeFi options.
By incentivizing engagement and rewarding loyal customers, Summer time.fi goals to additional solidify its place as one of many main platforms in DeFi.
About Summer time.fi
Summer time.fi is a platform for DeFi.
It may be used to borrow stablecoins in opposition to customers’ favourite cryptocurrencies, enhance publicity in opposition to them utilizing ‘multiply’ or ‘earn’ a aggressive yield.
This may be executed throughout a number of protocols and layers multi functional place.
Summer time.fi’s mission is to supply essentially the most trusted entry level to deploy capital into DeFi.
The group is made from passionate thinkers and builders pushed to create a greater person expertise for all of DeFi whereas placing the property to work.
Contact
Summer time.fi group
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