jakiro
Source: ether.fi; compiled: Wuzhu, bitchain vision
Preface
Following the success of ether.fi 2 Season 1, 2 and 3, ether.fi 2 proposes to extend the season plan by launching season 4, aiming to promote community engagement and support restaking spaces while continuing to support the integration of the Ethereum ecosystem.success.
Target
-
Develop a sustainable plan for future points seasons and rewards;
-
Support our partners through continuous expansion of integration;
-
Cultivate leading liquid re-staked tokens and AVS ecosystem.
Timeline
-
Start Date: September 15, 2024
-
End date: Never
-
The season runs every 4 months and starts after the end of Season 3.
-
Each season will have a unique set of rewards that will be revealed throughout the season.
mechanism
StakeRank, StakingFrens, Diamond Campaign, etc. are mechanisms used to increase restaking awareness and community during Season 1-3.These activities have all been hugely successful, however, as the agreement evolves, the need to further simplify mechanisms is increasing to achieve incentives in all asset verticals currently operating in ether.fi.With this in mind, the mechanism design of S4 is as follows.
-
ether.fi loyalty points continue to accumulate at 10k per ETH per day, but DeFi partners’ points will increase and double.
-
Quarterly rewards will be composed of a variety of reward tokens, including:
-
ETHFI Token Rewards
-
Partner Token Rewards
-
LRT² Governance Token Rewards (see below)
-
Up to 2,000,000 ETHFI per quarter can be used for quarterly rewards.This may be modified or added every quarter.
-
Reward distribution will be based on ether.fi loyalty points accumulated during the quarter.
-
Quarterly rewards are independent and supplementary to normal pledge and re-pled rewards.
Introduction LRT²
LRT² is a new protocol for allocating LRT rewards.It is a collaboration between all the major LRT protocols on Ethereum and plans to expand to include other L1s.
The purpose of LRT² is to package the reward allocations of large AVS into a reward token and create industry standards.
LRT² will consist of two tokens:
-
LRT² Reward tokens, including all restaked rewards.
-
LRT² governance tokens used to manage reward token whitelists and parameters.
The benefits are:
-
Industry standardization.
-
AVS reward supply channel.
-
For small equity holders, rewards will be summarized.There is no need to claim multiple times, as all rewards will accumulate into a unified token.
-
For the LRT protocol, this provides the consistency of reward mechanisms and efficiency through the standardization of reward allocation.
Additional Information
The proposed LRT² governance token will be allocated to the protocol joined to ether.fi to develop a unified restake reward aggregation layer.
Community members will learn how they qualify for incentive allocation and participate in Seasons 4+ events through the agreement’s Discord, Twitter and other social media.
Seasons 4+ incentive allocations will follow the same attribution schedule as in previous seasons.
As community feedback and suggestions emerge, the expected design may change throughout the season.
in conclusion
Through ongoing conversations and community feedback, we have improved our program to distil core functionality into an easy to use and understand format.ether.fi 2 Loyalty points are the focus of this season and form a single indicator of unlocking future rewards.We foresee the soon-to-be-turn shift to large-scale sustainable returns, which will mark a turning point, and the partnerships we have with AVS and Networks will drive the next wave of growth.As the breadth of our products and the depth of the market spans assets and ecosystems, ether.fi 2’s transparency, risk and reputation pillars play an increasingly important role.We expect this season to be one of the most influential seasons to date!
Next step
Receive feedback from the community on this temporary inspection within the next 4 days and include it in the snapshot proposal.
Thank you for your continued support.
