Summer.fi, a decentralized finance (DeFi) platform, has launched RAYS, a points system to incentivize user engagement.
Retroactive Participation and Points Claiming
As of June 18, 2024, Summer.fi users and those active in the DeFi ecosystem will receive RAYS based on their past activity. From June 20 to September 17, users can claim their RAYS. Non-Summer.fi users must open a position on the platform for at least 14 days to claim their points.
Accruing RAYS
Active Summer.fi users will start earning RAYS based on their platform usage and position size. Points will accrue over three years until June 17, 2027. Users can earn more RAYS by performing additional activities, such as:
- Extending open positions
- Adding automations
- Migrating positions from other platforms
- Using “multiply” and “yield loop” features
Benefits of RAYS
The RAYS program aims to enhance the user experience and drive adoption of Summer.fi’s DeFi solutions. By rewarding loyal users, Summer.fi aims to solidify its position as a leading DeFi platform.
About Summer.fi
Summer.fi allows users to borrow stablecoins against their cryptocurrencies, increase exposure using “multiply,” and earn competitive yields. The platform aggregates multiple protocols and layers in one place, providing a user-friendly entry point to DeFi.
