Seeds Program
Last updated
Last updated
The YieldNest seeds program is designed to recognize and reward active engagement from community members and partners. YieldNest believes that early adopters play a significant role in the growth and success of the ecosystem. Therefore, through the seeds program, YieldNest aims to connect the dedication and support of users to tangible rewards, including participation in future airdrops.
The accumulation of seeds is not just a measure of contribution but also a stake in future rewards that YieldNest will distribute. This guide explains the process of earning seeds and how they pave the way for benefits during YieldNest's planned airdrop. YieldNest is committed to ensuring that every action within the ecosystem leads to rewarding outcomes.
The simplest way for users to earn seeds is by restaking their ETH and other supported tokens into ynETH or ynLSDe and holding. As YieldNest enhances its network through partnerships and integrations, users will find more ways to accumulate seeds. This includes providing liquidity to DeFi protocols in partnership with YieldNest, referrals, and other upcoming opportunities.
With our base reward program, you can receive 2 seeds per hour for every ynETH or ynLSDe you hold. (DeFi partner tokens may receive a different base rate)
For example, holding 5 ynETH yields 240 seeds daily (2 Seeds * 24 hours * 5 ynETH)
If you activate boosts, your base rate will increase. For example, if you have a +100% (2x) boost, you will receive 4 seeds per ynETH per hour.
In order to determine our user’s Seed allocation (Di), we take the base rate (R) of two Seeds, multiplied by the amount of ERC20 token (Ei) deposited and again multiplied by the amount of hours participated (hi). To this base deposit, the user may have various boosts applied (Bi), for a certain amount of hours. The boosts apply only to the base rate and therefore stack but do not compound. The user also is able to receive their referral bonus (f), calculated as being 10% of the referred wallet’s balance.
In order to make the formula be unified across all Seed-eligible sources, the base rate (R), balance (Ei), amount of hours (hi) and boost (Bi) can be applied for every applicable boost and have the above formula repeatedly summed in order to get the total number of Seeds for any specific user.
By using the above logic, we can therefore get the total number of Seeds (Ptotal)across all eligible sources expressed as such:
∑i : Sums over all users participating in the protocol
∑ERC20: Going over every ERC-20 token staked or locked by all users
ERC20i: Representing the ERC-20 token staked by individual user i
Bb : Boost factor applied to a specific pool or to the user.
hi,b : The number of hours that the i-th depositor has been participating in a specific pool. Note that this can change and vary depending on the number of hours that a certain boost has been active in a certain pool.
∑f fi,f : The sum of all referral boosts applied to an individual investor i. These are all summed up because they do cause additional Seeds emissions.
It is important to note that the way Seeds are calculated needs to be uniform across all of these sources. To that end, this is a mathematical representation of YieldNest’s Seed formula that closely follows the logic behind the code. We have run several tests in order to ensure that the information provided below is closely aligned with actual on-chain Seed calculation. At most we have had a negligible margin of error (<0.09%), due to the way hours are counted and updated across the different pieces of software we have used.
Also, with Season 1, YieldNest is enabling transfers. This means that users will be able to accumulate Seeds not just by staking, but also from other activities, such as participating in liquidity pools and other upcoming planned features and campaigns. These are all considered as an ERC20 balance that is standardized in order to be counted the same way within the Seeds formula.
We have planned various actions and boosts that will be released over time and are in line with new integrations, features and product development. In this section, you will find an overview of the current seasons with its available actions and boosts. Each season is time-limited, meaning the actions listed there will no longer be available after the epoch ends.
Below you can find an overview of our seasons. Further actions within each season may and will be added.
Ended August 20th, 2024
2 Seeds per hour per restaked ynETH
5x Special Launch Program Boost - lasted for 2 times 1 week
1.15x Upgraded point system launch - 2 weeks for ynETH only; pools not included
Exclusive PrimeStaked Airdrop - For all Primestaked users that accrued PrimeETH XP points
10% Referral bonus
25% One-time referral boost for 30 days for referring or being referred - Ended
August 20th - October 22nd, 2024
2 Seeds per hour per restaked ynETH, ynLSDe
5x Product Launch Boost -> ynLSDe, ynETH - 2 weeks
3x Product Launch Boost -> ynLSDe, ynETH - 2 weeks
5% Exclusive PrimeStaked Seeds Boost - For all Primestaked users that migrated to ynLSDe
0.33 Seeds per hour per restaked ynBNB
5x Product Launch Boost -> ynBNB - 4 weeks
10% Referral bonus
Started October 22nd, 2024
2 Seeds per hour per restaked ynETH, ynLSDe
0.33 Seeds per hour per restaked ynBNB
Season 2 boost -> 2x for 2 weeks - ynETH, ynLSDe, ynBNB
10% Referral bonus
5% Exclusive PrimeStaked Seeds Boost - For all Primestaked users that migrated to ynLSDe
YieldNest Max vaults - Launch dates to be announced
Multichain Boost - To be decided
More opportunities will become available to earn seeds as more integrations and partnerships are introduced, including adding liquidity on external DeFi protocols, utilizing other liquid restaking tokens, and more.
YieldNest encourages users to stay tuned for updates on its community channels to ensure they don't miss out on these exciting opportunities to boost their seeds:
