Berlin, Germany, May 1, 2024, Chainwire
Nektar Network is excited to announce the launch of Epoch 1 for Nektar Drops starting today, May 1, 2024. This new phase is dedicated to recognizing and recording the contributions of community members through daily Nektar Drops that can be earned through participation. Perform predefined activities within the Nektar ecosystem. This era will end on June 1, 2024, or when the network reaches a Total Value Locked (TVL) of 250,000 ETH.
Epoch 1 participants will have the opportunity to earn Nektar Drops by participating in several pre-launch initiatives, such as Enzyme Vault, Reserve bsdETH initiative, and Sommelier Vault.
Specifically, for each ETH deposited in these initiatives on the Ethereum mainnet, members will receive 25 Nektar Drops per day. A slightly different reward structure is set up for Base deposits, with the reward being 20 Nektar Drops per ETH per day.
Daily Nektar Drops for deposited ETH:
- 25 points/ETH deposited on enzymes
- 25 points/ETH Deposit money to the sommelier
- 20 points/ETH deposited in reserve
- 20 points/ETH Deposited in Beefy and Aerodrome
- 20 points/ETH Deposited in Extra Fi
Retroactive Nektar Drops allocation has also been modified, significantly increasing the number of drops distributed to Goerli and Holesky testnet operators by over 50x. Additionally, a 10x increase was implemented across all other participant categories to better recognize their activities and contributions.
Referral rewards will be introduced later in Epoch 1. This addition awaits final technical improvements made in collaboration with the Fuul team, with the goal of seamless integration into existing reward structures.
The launch of Epoch 1 is an important milestone in Nektar Network’s commitment to community engagement. More information about Nektar Drops and future phases of the moisture campaign will be released soon.
Introduction to Nectar Network
Nektar Network is a multi-layer Restake network built on top of Ethereum. It is comprised of components that together form a comprehensive incentive system designed to democratize access to Ethereum’s trust model. For more information about Nektar Network, please visit our website or visit Farcaster and X.
The source of this content is Nektar Network. This press release is provided for informational purposes only. The information does not constitute investment advice or an investment offer. Using smart contracts can pose security risks.
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