The Nektar Network is pleased to announce the launch of Epoch 1 of Nektar Drops, starting today, May 1, 2024. This new phase is dedicated to recognizing and recording the contributions of our community members through daily Nektar Drops, which can be earned by participating in pre-selected activities within the Nektar system Environmental. 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 interacting with several pre-launch initiatives such as Enzyme vaults, Reserve bsdETH initiatives, and Sommelier vaults.
Specifically, for every ETH deposited into these initiatives on the Ethereum mainnet, members will receive 25 Nektar points daily. A slightly different bonus structure is set for deposits on Base, where the bonus will be 20 nectar points per ETH per day.
Nektar drops daily for deposited ETH:
· 25 piasters/Ethereum deposited on Enzyme
· 25 points/ETH deposited on Sommelier
· 20 points/ETH deposited in reserve
· 20 points/ETH deposited on Beefy and Aerodrome
· 20 points/ETH deposited on Extra Fi
The allocation of Nektar drops was also retrospectively reviewed, significantly increasing the number of drops distributed to Goerli and Holesky test network operators by more than 50-fold. In addition, a 10-fold increase was implemented in all other categories of participants to better appreciate their activities and contributions.
Referral bonuses will be offered later during the first era. This addition awaits final technical improvements made in partnership with the Fuul team, with the aim of seamless integration into our existing rewards structure.
The launch of Epoch 1 marks a major milestone in Nektar Network's commitment to community engagement. More information about Nektar Drops and the next stages of the vaccination campaign coming soon.
About Nectar Network
Nektar Network (https://nektar.network/) is a multi-layer storage network built on top of Ethereum. It consists of components that together form a comprehensive incentive system designed to democratize access to Ethereum's trust model. For more information about the Nektar Network, users can visit our website or follow along on Farcaster and X.
Nectar Network is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Interacting with smart contracts can pose a security risk.
This article was written by FM Contributors at www.financemagnates.com.