Sumer Points Program: 5-15% of the total token supply will be allocated to early supporters

2024-07-19 19:34:55

Collection

This launch will cover Ethereum, Arbitrum, Base, and Meter networks.

Author: Sumer.money

We are excited to announce that the Sumer Points Program will launch on July 18, 2024, covering Ethereum, Arbitrum, Base, and Meter networks. We are also honored to support asset partners such as Etherfi, Pendle, Kelp DAO, Puffer Finance, and Angle Protocol.

We are also thrilled to announce that Sumer will allocate 5-15% of the total token supply to our early supporters to incentivize their contributions to Sumer's TVL and interactions with the protocol.

The Sumer Points Program includes the following two airdrop reward pools:

Points Airdrop Reward Pool: Incentivizing users to take risks through the points program—higher TVL contributions yield more rewards.

NFT Airdrop Reward Pool: Ensuring fair distribution of rewards through the Sumer God series NFT program—more interactions with the protocol yield higher rewards.

While large holders can earn more rewards through their TVL contributions, our protocol is also committed to ensuring fair incentives for a broad user base through allocations based on the number and rarity of NFTs.

Based on Points Program------ How does this program work ?

Users can earn Sumer Points through any of the following methods:

Deposit assets;
Provide liquidity for synthetic assets on partner DEXs;
Referrals.

Any of the above actions can earn Sumer Points daily; additionally, we will incentivize some methods that can earn more points.

Deposit Asset Points

Depositing supported assets on Sumer will provide users with 1 to 4 points per $10 daily, depending on the asset type and promotional activities. For example, mainstream assets like ETH, USDC, USDT, and DAI will receive a 4x points bonus at launch.

The actual points earned by users will be influenced by the bonus multiplier—aimed at incentivizing specific assets and utilization rates.

Bonus: Special events (first week of launch, new partner asset launches) will have the corresponding asset's points multiplier clearly marked in the application interface and on social media platforms.

Utilization Rate: Points earned are based on the net value of the deposited funds' pool utilization rate. A 10% utilization rate in a 1x bonus pool will provide 0.9 points for every $10 equivalent of TVL daily.

Please Note: Users need to maintain liquidity on the protocol daily to earn points. Points snapshots will occur at a random time during the day to avoid speculative behavior.

Referral Points

To help more people learn about and participate in our program, Sumer has introduced a referral mechanism, encouraging users to invite friends to join the Sumer Points Program. The referral reward details are as follows:

Referrers can earn 10% of the points earned by the referred user;
If the referred user becomes a referrer, the original referrer can earn 1% of the points earned by the new referrer;
Users who use a referral code will also receive an additional 5% lifetime points reward.

Please Note: Users can now directly generate invitation codes at https://points.sumer.money/. After the promotional period ends, generating invitation codes may require a certain amount of initial points.

Providing Liquidity Points

Providing liquidity for synthetic assets on partner DEXs will generate 1 to 4 points per $10 daily, depending on the asset type and marketing activities. Eligible liquidity trading pairs will be displayed on the Sumer Points Program Dashboard.

Points Forfeiture: Invalid Use

The ideal path to maximize points is:

Deposit high points bonus assets (stablecoins, ETH, and BTC);
Deposit assets with partner incentives (such as LRT assets and Pendle PT on Arbitrum);
Mint Sumer synthetic assets (suUSD, suETH, suBTC) and provide liquidity on partner DEXs (such as the suUSD-USDC pool on Aerodrome).

Over-selling Sumer synthetic assets will offset points earned from TVL. Forfeited points will depend on the portion of Sumer synthetic assets not held in the user's wallet or DEX liquidity.

Please Note: Please ensure that all relevant wallets are linked to the same Sumer Points account.

Comprehensive Points

TVL Points = Deposit Asset Points + Providing Liquidity Points - Forfeited Points

Total Sumer Points = TVL Points + Referral Points

Based on NFT Program------ How does this program work ?

Users can earn more Sumer Points through any of the following methods:

Mint more NFTs;
Mint rare NFTs;
Complete the Sumer God series NFT collection.

The "Sumer God" series NFT collection challenge provides every participant in the Sumer ecosystem with a fair opportunity to collectively win a portion of the total airdrop.

Each participant can mint 1 NFT for free after earning 100 TVL points (1 day with 1000 USD TVL after 1x bonus). Any user can mint a maximum of 1 NFT every 24 hours.

The rarity ranking of NFTs is as follows;

NAMMU --- Legendary
ENKI --- Rare
UTU --- Rare
ERESHKIGAL --- Rare
NIRGAL --- Rare
OANNES --- Common
ENKIDU --- Common
MALAH --- Common
MINUSSA --- Common

Sumer Partner Program------Meter Points

In addition to Sumer Points, users can also earn Meter Points by providing liquidity for any eligible DeFi applications on the Meter network (including Sumer).

Users can earn 1 Meter Point for every $10 of TVL daily.

The Meter Points Program currently supports Voltswap Finance, Sumer, Meridian Finance, and Symmetric Finance. Meter Points holders will be eligible for additional airdrops on the Meter network.

Please Note: Users need to maintain liquidity on the protocol daily to earn points. Points snapshots will occur at a random time during the day to avoid speculative behavior.

Sumer Points Program------Maximizing Returns

We have also prepared a summary on how to maximize returns:

Utilize the high collateralization rates of associated assets to increase your actual returns (deposit weETH + borrow ETH------90% collateralization rate, deposit weETH + borrow USDe------80% collateralization rate);
The longer you deposit assets, the more Sumer Points you will earn;
Depositing incentivized assets with points multipliers can enhance your Sumer Points;
Provide liquidity on partner DEXs to earn more Sumer Points + mining rewards;
Recommend the Sumer Points Program to friends to earn referral incentives;
Mint Sumer God series NFTs daily to gain more points distribution from the NFT-based program;
Deposit assets for Sumer on the Meter network while earning both Sumer Points and Meter Points.

Sumer Infrastructure Partners

Sumer utilizes Chainlink CCIP and LayerZero to enable interoperability of Sumer synthetic assets across its supported networks—Ethereum, Arbitrum, Base, and Meter.

Sumer has partnered with Ancilia Inc. for real-time risk control and prevention through Withdrawal Guard.

Frequently Asked Questions

Sumer reserves the right to stop, pause, and resume the program at any time;
Creating false accounts for referrals is prohibited, and anti-witch measures will be taken;
If a user withdraws assets within one day before the snapshot, it indicates that they forfeit points for that day;
Only assets valued at over $1 will be counted towards points;
Daily points will be randomly calculated at a time during the day to prevent speculative behavior;
Points will be based on the balance at the time of the snapshot;
The specific allocation ratio between the points pool and NFT pool is still being formulated, but it will be heavily tilted towards the points pool to appropriately incentivize users to deposit assets.