EtherFi has announced the second season of StakeRank.
TLDR: Season 2 has already begun, running from March 15 until June 30
StakeRank begins March 25, 2024
StakeRank gives users a boosted loyalty points reward for staking longer with ether.fi
5% of total ETHFI token supply will be allocated to Season 2
Rules:
1.
StakeRank is a level system with 8 levels or "Ranks"
2. Users advance 1 rank level every 100 hours of staking their ETH with ether.fi
3. Each rank level has a progressively higher loyalty points rate boost
4. Your staking balance needs to be above 0.1 eETH to continue to advance ranks
5. Users who participated in Season 1 start off at Rank II
Rank boosts will range from 1x - 2x (subject to change)
6. Ether.Fan NFT holders are automatically levelled up to Rank III
This applies only once per NFT holder
7. In transitioning to Season 2, the protocol aims to recognize Season 1 participants without disproportionately allocating Season 2's airdrop to them. To achieve this, there will be an increase everyone's loyalty points accumulation rate by 10x. While this dilutes old points, they will still count, subject to conditions below.
8. All eETH and weETH, whether held or in DeFi positions, including Liquid, will be treated the same for StakeRank.
@CryptoWorldICOs
