Previously Ambit Finance announced about its launch on the mainnet, as well as about the Ambit Finance Incentivized Alpha program and the upcoming $AMBT token distribution.
The Ambit Finance Incentivized Alpha program aims to achieve the following goals:
— Offering early access to users to collect feedback on the product and further optimization;
— Active stimulation of TVL: today it is more than $6M;
- Incentivizing users with $AMBT: In exchange for providing liquidity, Ambit Finance plans to distribute 5% of $AMBT tokens through an airdrop in the upcoming seasons (the exact number of tokens is unknown).
Recently a section appeared on the Ambit Finance website AIRDROP POINTS, where you can track yourself and the largest participants in Ambit Finance by Ambit Points and TVL.
Ambit Points will be awarded daily to users for their contributions to Ambit Finance liquidity, where 100$ of liquidity will be equal to 1 point per day.
Ambit Points accrual criteria:
- Users contributing liquidity to $AUSD will receive a 1.5x multiplier of their points;
- Users who add assets such as $WBTC, $WETH, $BNB, $CAKE, $USDT, $AUSD to their portfolio will also be eligible to receive points;
— Rewarding users who take out loans;
- Users who supply liquidity to the $AUSD/$USDT pool on PancakeSwap will also be awarded Ambit Points.
Season 1 is retrospective, so any liquidity provided since the start of the program will also earn Ambit Points. At the end of the season, the total number of Ambit Points relative to other users will determine the share of the distribution.
It has also been confirmed that early adopters will be eligible for an airdrop that will be a small percentage of the token supply. Snapshots have been taken periodically since the testnet launched last year.
More Here.
Author @evaneskate
