The EtherFi $ETHFI Airdrop is here, offering an exciting opportunity for loyal community members to claim their free tokens. Whether you’re a long-time supporter or a new participant, this guide will walk you through the steps to maximize your rewards in Season 3 of the EtherFi Airdrop.
Project Introduction
EtherFi is dedicated to creating a vibrant and engaging ecosystem for our users. Season 3 introduces an airdrop of 25,000,000 ETHFI tokens to eligible ether.fi 145 stakers. This initiative is designed to acknowledge and reward our community’s continued support and active participation in the ether.fi 145 ecosystem.
Objectives of the EtherFi Airdrop
- Reward Loyal Community Members: Recognize those who have contributed to the growth and success of ether.fi 145.
- Incentivize New and Existing Community Members: Encourage deeper engagement with our platform and services.
- Promote Sustained Growth and Adoption: Drive continued expansion of the ether.fi 145 ecosystem.
Token Allocation for the EtherFi Airdrop
- A total of 25,000,000 ETHFI tokens will be distributed during Season 3.
- Allocation will be based on community participation metrics and engagement levels.
How to Participate in the EtherFi Airdrop and Claim $ETHFI Tokens
Step 1: Ensure Eligibility
To participate in the EtherFi Airdrop, you need to meet certain eligibility criteria:
- Check Your Staking Balance: Make sure your staking balance is above 0.1 eETH to activate Perks Passport.
- Review Past Engagement: Ensure you have been actively participating in previous seasons or be prepared to engage in the current season.
Step 2: Participate in Perks Passport Activities
Engaging with the EtherFi ecosystem is crucial for earning rewards in the EtherFi Airdrop:
- Explore Activities: Log into the ether.fi 145 dapp and navigate to the “Perks Passport” section.
- Engage in Activities: Participate in various DeFi activities such as staking ETH, depositing into Liquid vaults, or engaging in community events.
- Track Progress: Monitor your progress and achievements within the dapp. Each completed activity will be stamped once conditions are met.
Step 3: Accumulate Loyalty Points
Boost your rewards by accumulating loyalty points:
- Daily Boosts: Earn an additional 0.05x boost every 24 hours, up to a maximum of 5x.
- Earn Stamps: For every 5 Perk activities completed, earn an additional 0.5x boost.
Step 4: Monitor Your Points and Airdrop Eligibility
Stay informed and track your progress:
- Check Points Accumulation: Regularly check the “Portfolio” tab in the ether.fi 145 dapp to see your accumulated points from Season 1, 2, and 3.
- Stay Informed: Keep updated with the latest announcements on the EtherFi Official Airdrop Page.
Step 5: Claim Your Airdrop for Season 2
Season 3 marks the beginning of your chance to claim tokens from Season 2:
- Wait for Distribution: The airdrop distribution for Season 2 will be available at the start of Season 3 on July 1, 2024.
- Receive Tokens: Once the airdrop is available, your ETHFI tokens will be automatically credited to your account based on your accumulated points and engagement.
Step 6: Claim Your Airdrop for Season 3
Maximize your participation to earn even more in Season 3:
- Wait for Distribution: The airdrop distribution for Season 3 will occur shortly after the conclusion of the season in early September 2024.
- Receive Tokens: Once the airdrop is distributed, your ETHFI tokens will be automatically credited to your account based on your accumulated points and engagement.
Step 7: Manage Your Tokens
After claiming your tokens, here’s what you need to do:
- Check Vesting Schedule: Follow the vesting schedule as outlined by the project.
- Utilize Tokens: Use your ETHFI tokens within the ecosystem or hold them for future benefits.
Mechanics of the EtherFi Airdrop
StakeRank 32 and StakingFrens 21 were the mechanisms used in Season 2. Season 3 will launch Perks Passport, a new participation incentive framework to reward stakers for exploring the expanding ether.fi 145 ecosystem.
Perks Passport Explained
Perks Passport is a system that awards users a boost to their ether.fi 145 loyalty points based on their participation in various DeFi activities and events, tracking their progress and achievements.
- Boosts for Participation: Users earn boosts for participating and meeting the requirements of any passport activity or event.
- Up to 5x Boost: Participants can earn up to a 5x boost on their ether.fi 145 loyalty points.
- Range of Activities: Perks activities will have a range from 0.1x — 3x, depending on the event or action.
- Additional Boosts: For every 5 Perk activities earned, the user will get an additional 0.5x Boost.
- Stamped Activities: Perk activities remain “stamped” once the condition for activating is met. For example, if a Perk activity was earned for depositing ETH into a Liquid vault for a minimum of 7 days, it would only stamp once the user maintains a deposit in that vault for the minimum 7 days.
- Daily Boost: A user will also receive an additional 0.05x boost every 24 hours, up to the maximum 5x.
Conditions for the EtherFi Airdrop
- 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 (displayed within the ether.fi 145 dapp “DeFi” tab), including Liquid, will be treated the same for Perks Passport.
- Users who withdrew their ETH or mostly withdrew their ETH, their Season 1 or 2 points won’t earn them 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 an airdrop.
- Any blatant sybil or manipulation attempts will result in no airdrop.
Additional Information on the EtherFi Airdrop
The proposed Season 3 airdrop increases the total ETHFI token Airdrops allocation to 14.76%, reinforcing our commitment and appreciation of our highly engaged community. Community members will be informed about how they can qualify for the airdrop and participate in Season 3 activities 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 intended design is subject to change through the season as feedback and suggestions from the community emerge.
Conclusion
We believe the EtherFi Airdrop will not only reward our community members for their continued participation and support but also incentivize future engagement and growth within the ether.fi 145 ecosystem. Thank you for your continued support and active participation.
