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How do loyalty points work on ether.fi?
This will address Loyalty Points as they relate to eETH/weETH only. With regards to ether.fan, Loyalty Points will continue to accrue in the same way they always have. For more, see ether.fan Loyalty Points. One other important clarification is that ALL LOYALTY POINTS (from ether.fi or ether.fan) ARE THE SAME. This includes Loyalty Points earned from the Early Adopter Pool, ether.fan, eETH and weETH. A point is a point. There are simply just some more nuanced use cases for them in ether.fan that relate to the gamified environment that the community has created, and we envision the same for eETH as we continue to hit on our roadmap.
Where will Loyalty Points be displayed.
What can I do with Loyalty Points?
Loyalty Points will play a role in decentralized governance. Stay tuned for more 👀
How to earn Loyalty Points.
The easiest way is to simply stake your ETH on ether.fi. As we continue to rollout our partnerships and integrations, we will implement programs for users to begin earning additional points for LP’ing into DeFi protocols that we integrate with, referring frens, quests to L2’s, etc. etc. Please be aware that you will only continue to earn Loyalty Points if your wallet is holding eETH, weETH, or if you have followed one of the ecosystem paths that we have provided in our official ecosystems page.
Loyalty Points formula
By staking .001 Ether, you will receive 1 point / day.
This simply means that loyalty points earned = ETH staked * 1000 * days staked
Example: If you have 5 ETH staked for 6 days, you will receive 30k of loyalty points (5 * 1000 *6) 💪
For our whales, there is a sizeable cap on total loyalty points earned of 10¹².
Can I lose my Loyalty Points?
No. You will not lose any of your Loyalty Points in relation to your eETH / weETH. They will simply stop accruing if you no longer hold these assets in your wallet. As mentioned, once turned on, activities such as LP’ing into various protocols and moving your ETH to L2’s will also continue to generate you Loyalty Points. Join the discord for updates on this rollout as eETH becomes composable throughout all of DeFi.
Loyalty Points for Operation Solo Stakers, Bond holders (B-NFT’s) and 32 ETH Stakers
These members are pivotal pieces of our ecosystem and we want to ensure we recognize them as such. Rest assured we have extra boosts and acknowledgements for the foundational backbone of the protocol and Ethereum network. More to come on this for your service.
Can I transfer my Loyalty Points?
eETH holders will earn EigenLayer points in addition to ether.fi Loyalty Points, as ether.fi will be restaking on EigenLayer. We will be remitting 100% of these points received to our eETH holders from day 1, and are displaying their allocation of the EigenLayer points in their dashboard. More to come on this calculation.
Badges are a way to collect additional loyalty points by performing certain actions. You can collect the "eETH Luminary" badge by minting eETH during our launch and whitelisted period. Or if you've held your ether.fan NFTs till now, you will be able to unlock one or more of the ether.fan badges. See our badges page for more info.