Introduction
Welcome to the YieldNest Seeds program, designed to acknowledge and reward the active engagement of our community members and partners. Central to our philosophy is the recognition of early adopters, whose contributions to the growth and success of our ecosystem. Through the seeds system, we aim to directly connect the dedication and support of our users to tangible rewards, including participation in future airdrops.
Each seed earned is not just a measure of contribution but a stake in the future rewards distributed by YieldNest. This guide explains how the seeds you accumulate today pave the way for benefits during our planned airdrop, reinforcing our commitment to ensuring that every action within our ecosystem leads to rewarding outcomes.
How to Earn Seeds?
The simplest way to begin earning seeds is by staking your ETH with us. As we enhance our network through partnerships and integrations, you’ll find more ways to accumulate additional seeds. This includes liquidity provision in DeFi protocols we’re in partnership with, referrals, and other upcoming opportunities. LSTs as well, as ynLSD is going to be live after ynETH.
EigenLayer Points
In collaboration with EigenLayer, ynETH holders will gain both YieldNest seeds and EigenLayer points, thanks to our strategic restaking efforts with EigenLayer. We’re committed to redirecting 100% of these points back to our ynETH holders, ensuring you benefit directly from your participation.
Seeds Formula: How Many Seeds Can I Earn?
For each ETH you stake, you’ll receive 2 Seeds per hour. For example, staking 5 ETH yields 240 Seeds daily (2 Seeds * 24 hours * 5 ETH).
Calculation:
Where:
- Total Seedsi represents the total number of Seeds earned by participant.
- ETH Stakedi is the amount of ETH staked by participant i.
- T is the total time in hours that ETH is staked.
- Seeds Rate is the number of Seeds earned per hour per ETH staked, which is given as 2 Seeds.
Example: For instance, a user who stakes 1 ETH for 5 days should accrue 240 restaking points over this time period (1 ETH Ă— 5 days Ă— 24 hours/day Ă— 2 Seeds = 240 Seeds).
Staking less than 1 ETH? No worries, you’ll still earn Seeds proportionally. For instance, staking 0.001 ETH gives you 0.002 Seeds per hour.
Special Launch Program for the First 7 Days
We’ve crafted a special program to thank our early supporters during the first week post-mainnet launch, featuring:
5x Boost for the First 7 Days: Stakers during this period will enjoy a tenfold increase in Seed earnings. Using the previous example, staking 5 ETH would net you 1200 Seeds daily, accumulating to 8,400 seeds over seven days instead of the regular 1680 seeds.
Referral Program
Boost your Seeds through our referral program, designed to benefit both the referrer and the referee.
Your friend receives a 25% boost for one month on their Seeds.
As the referee, you receive a one-time 25% boost on your seeds for your first successful referral. This boost stacks with other active boosts, meaning if there’s an existing 2x boost, the referral elevates it to a 2.25x boost. Moreover, referees enjoy a bonus of 10% of the seeds generated by their invitees.
In addition, you get 10% of the seeds from all your friends who stake through your link.
Example: by staking 100 ETH and referring two users who each deposit 50 ETH, your monthly Seed earnings could soar to 198,000—a substantial 37.5% leap from the 144,000 Seeds you’d garner without leveraging referrals.
Introducing the Pioneer Program
Our Pioneer Program rewards the earliest and most devoted members of our community. Pioneer enjoys a 15% Seed permanent boost for their staked ETH.
We will offer at least two time windows to become a Pioneer, but the qualification requirements will become stricter with each subsequent wave.
To qualify for the first wave:
- You need to stake within the first 2 weeks after launch.
- Minimum staking amount to become a Pioneer is 5 ETH.
- Claim and mint your NFT: Activate your Pioneer status by claiming and minting your Pioneer NFT during the designated period (details to be announced).
Pioneer bonuses remain while your status is “active”. Maintaining this requires a minimum of 5 ETH staked. Dropping below this will set your status to “inactive”, losing the 15% boost. Restaking to reach 5 ETH reactivates your status.
Seeds for Liquidity Provision
We’re extending our Seed rewards to those who provide liquidity. Once we’ve established the necessary technical framework, participants will also accrue rewards for liquidity provisions on Curve and/or Balancer.
Time-Limited Boosts
As part of our Seeds Program, we’ll periodically introduce new boosts to further enhance your earnings. These boosts could be time-bound or goal-oriented, activating either for a set period or until a specific target is achieved. Watch for early announcements in our community channels to make the most of these opportunities.
Are My Seeds Transferable?
No, Loyalty Seeds are tied to your participation and are non-transferable.
Can I Lose My Seeds?
Your Seeds stay secure in your account. They stop accruing only if you withdraw your staked ETH. Engaging in activities like liquidity provision or moving ETH to L2 solutions continues to generate Seeds. Stay updated with our community channels for the latest.
Viewing Your seeds
Connect your wallet to access your dashboard, where your Seeds and EigenLayer seeds are displayed in real time.
Additional Incentives
To keep engagement fun and rewarding, we’ll introduce additional boosts, games, and contests. Stay tuned for updates on our community channels to ensure you don’t miss out on this exciting opportunity to boost your seeds. Stay connected to not miss out on these opportunities:
