Earning crypto rewards tends to be a pretty active ordeal.
Traders farming exchange rewards constantly enter and exit positions, DeFi power users rebalance across an array of yield options, and airdrop hunters faithfully complete missions to earn those sweet TGE allocations.
And we can all agree that, although these actions can sometimes be quite rewarding, there tends to be loads of stress involved.
So, when we set out to build rewards for our app, we knew that a more relaxed approach was the direction to take.
Here’s what we landed on:
Deposit SOL (or any of our future supported assets) into the app and earn rewards automatically every day.
No need to trade, reallocate, check charts, or even open the app!
Auto Compounding Rewards
Every time you receive SOL as a reward, that SOL immediately starts earning yield of its own, meaning you earn rewards on your rewards.
Say you deposit 100 SOL today. Tomorrow you might have 100.2 SOL. The day after, 100.4 SOL—except it'd be slightly more, because yesterday's 0.2 SOL is already earning too.
It's a small effect at first, but it adds up meaningfully over months and years, without you having to do anything!
How Rewards are Distributed
We like daily rewards because they help people build the right healthy financial habits and see their progress clearly, without being so frequent that they become annoying noise.
And building habits is better when friends are on the journey with you, so we thought:
Why not make rewards a shared moment?
From that question, we decided that everyone’s rewards would be distributed at the same time each day. This creates a small event that the entire community can look forward to and participate in together!
Watch party, anyone?