June 20, 2024 – London, United Kingdom

The loyalty program has been crafted with three distinct phases outlined below.

Retrospective Engagement
A snapshot was taken on June 18, 2024, to acknowledge past and present users of Summer.fi, individuals utilizing various protocols and services within the broader DeFi ecosystem, and those with active wallets.

More than two million user addresses will receive RAYS rewards based on their levels of activity.

Redeeming Retroactive Points
Starting from June 20 to September 17, users who have been allocated RAYS from the Retroactive snapshot will have a three-month window to claim their rewards.

Users currently using or who have previously used Summer.fi will automatically receive their RAYS, while non-Summer.fi users must engage with the platform for at least 14 days to claim their rewards.

Accumulation of RAYS
As of June 18, points have begun accumulating for active Summer.fi users based on their usage of the platform and the size of their positions.

RAYS will be active and accumulate over a three-year period, until June 17, 2027, for any active positions, and can be increased by engaging in additional activities such as adding automations, transferring positions from other interfaces, or swapping tokens using the ‘multiply’ and ‘yield loop’ features.

Users can earn more RAYS by participating in various additional activities, such as maintaining longer open positions.

The RAYS program is a part of Summer.fi’s continuous efforts to enhance user engagement and drive the adoption of its innovative DeFi solutions.

By incentivizing user participation and rewarding loyal users, Summer.fi aims to further establish itself as a leading platform in the DeFi space.

About Summer.fi
Summer.fi is a DeFi platform that allows users to borrow stablecoins against their preferred cryptocurrencies, increase exposure using ‘multiply,’ or earn competitive yields.

This can be achieved across multiple protocols and layers all within a single platform.

Summer.fi’s goal is to provide a trusted gateway for deploying capital into DeFi.

The team consists of enthusiastic individuals dedicated to creating a superior user experience for the DeFi community while maximizing the potential of assets.

Contact
Summer.fi Team

This content is sponsored and should be viewed as promotional material. The opinions expressed are those of the author and do not necessarily reflect those of The Daily Hodl. The Daily Hodl is not affiliated with any ICOs, blockchain startups, or companies advertising on our platform. Investors should conduct their own research before making any high-risk investments in ICOs, blockchain startups, or cryptocurrencies. Please be aware that all investments carry risks, and any losses incurred are the investor’s responsibility.

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