🎯Fyde Points
Fyde Treasury Protocol: Growth Phase 🌊 🚀
TL;DR: Fyde Points allow users to be rewarded for helping grow the Fyde ecosystem! Firstly stake to accrue points. Secondly, being part of the Fyde referral program boosts your points even more.
You can create a referral link, this will enable you to earn even more FYDE Points. Now you can earn rewards by participating and helping the project grow its TVL and liquidity.
What Are Fyde Points?
Fyde Points are a way for us to reward the early users and adopters of our protocol. Thank you for being on this journey with us and we're glad you're here 🎉.
How Are Fyde Points Calculated?
Ten points are generated every second and are shared across all depositors. The amount you get is calculated based on deposit size and how long you've been deposited for. The more you deposit and the longer you deposit, the more points you accrue!
The Fyde airdrop is split across different phases.
Phase 1, which ended January 2nd, was for OG Members who deposited into the liquid vault during the escrow period.
Phase 2 (which we're currently in), is the Growth Phase. During this phase, users of either of Fyde products will accumulate points towards the airdrop. To prevent dilution of early users of the Fyde vault, the two products will have separate reward pools. Users of both products will get access to both of the reward pools.
What Are My Points For?
We have something very special coming later in the year. The more points you accrue, the bigger your reward will be.
The Fyde Referral System 🏆
Our Referral Code System empowers the Fyde Familia to contribute directly to the growth of the Liquid Vault. Users can stake $TRSY (pronounced treasury) into a liquidity mining contract to accumulate FYDE Points. In Q2, when the community is rewarded for its hard work, the more points you have the better off you will be.
How It Works ⚙️
Mint and Stake $TRSY: Begin by depositing tokens into the liquid vault to mint $TRSY, which represents your share of the vault.
Generate Your Referral Code: You can create your own referral code link.
Accumulate FYDE Points: Both staking and referring new users to our platform will earn you FYDE points.
Bonus Points System:
For Referees: Use a referral code link to deposit tokens and receive a 2% bonus in points.
For Referrers: Earn 10% bonus points based on the activity of the users you bring in.
Why Participate?
Earn More: By accumulating FYDE points through referrals and staking, you're setting yourself up for more points and bigger earnings.
Exclusive Opportunities: Gain access to contests and awards during special campaigns.
Grow With Us: Be an integral part of our expanding DeFi community. Your contributions help us innovate and grow.
Get the Most From Your Referral Code 🌊
Become a Fyde Fellow: Being deeply knowledgeable about the value proposition of Fyde will enable you to have more success when sharing your referral code.
For this reason, we have outlined some tips and advice to help you succeed in this GUIDELINE.
Join Us Now! 🤝
This is your chance to be part of something ground-breaking. We’re working hard to bring honest value to the crypto space and we believe in rewarding those who work hard with us. Join the Fyde community today and redefine the future of Web3 with us.
Discord: https://discord.gg/fRBwjtP3Xz
Twitter: https://twitter.com/FydeTreasury
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