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Locha ⚡️
@locha
It's apparent now that points programs work, but should TGE mark the end of a points program? 🤔 What are some design decisions that make some points programs work? 🧙🏼♂️ 1/ Today I wanted to write about Ether Fi: points, rewards seasons and +$5.5B in user deposits 👇
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Locha ⚡️
@locha
2/ Firstly, Ether Fi is like the one stop shop for restaking and farming points Stake ETH, get $eETH – a composable liquid staking token w/ high rewards💰 + Earns you EigenLayer and ether fi's native loyalty points
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Locha ⚡️
@locha
3/ Now let's discuss how they got started 💥 Launched "Season 1", loyalty points: stake ETH, refer others, LP This program ran for 5 months, and users were able to claim their $ETHFI airdrop in March 🪙 A minimum of ~$1,200 (in $ETHFI) per participant were distributed! 💸
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Locha ⚡️
@locha
4/ Now, if you're a points maxi like me, you know that points and tokens can coexist 🤝 Why do a single airdrop? That removes all incentives from your users 🤦🏽♂️ Instead, transform an evergreen points program into the essence of multiple airdrops 🪂 Ether Fi shows you how 🪄
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