Summer.fi

Summer.fi is a decentralized finance (DeFi) platform that allows users to borrow, lend, and multiply their favorite crypto assets such as ETH, WBTC, DAI, and USDC, utilizing industry-leading automation tools for safety and ease. It offers automated protection against liquidation, position management, and rewards users with $RAYS for participating in its ecosystem.

Summer.fi has introduced a points system to its users. The snapshot of all Summer.fi users and wallets that could be eligible for the points campaign was taken on June 18, 2024. Follow the steps below to know how you can earn free RAYS.

Step-by-Step Guide:
  1. Visit the Summer.fi website.
  2. Connect your wallet.
  3. Click on claim RAYS. You will be able to claim RAYS if you are eligible.
  4. The snapshot of all Summer.fi users and wallets that could be eligible for the points campaign was taken on June 18, 2024.
  5. All non-summer users who are eligible for RAYS will have to open a position of $500 and keep it open for more than 14 days before September 20, 2024.
  6. Active wallet owners receive 100 $RAYS for owning a non-custodial wallet on Mainnet, Arbitrum, Optimism or Base with at least 0.2 ETH.
  7. DeFi users receive 200 $RAYS per protocol for having an active position on a supported protocol and network.
  8. Summer.fi Users receive 500 $RAYS for each protocol they have ever interacted with through Summer.fi since June 2021.
  9. You can also earn RAYS by using Summer.fi supported protocols by Borrowing, Earning, or Multiplying.
  10. Open any Borrow, Multiply, or Earn position to get $RAYS.
  11. $RAYS accrue per $ managed per second, which means a base rate of approximately 690 $RAYS per $10k per year.
  12. Positions with less than $10k net value will earn less than the 690 $RAYS per $10k per year.
  13. You can also earn free RAYS for inviting your friends.
  14. Visit their official airdrop announcement to read about all the ways to earn RAYS.

You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

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Estimated Value

n/a

Tokens per Claim

n/a

Max. Participants

Unlimited

Overview