To reward early adopters and believers in the Zyfi & Ondefy mission, the 1st season of Airdrop, consisting of 5.5% of the total supply, was conducted.
You can check your eligibility here: https://zyfi.org/eligibility
Mechanism
A simple mechanism with multipliers and eligibility criteria was created to distribute rewards to real users of Zyfi & Ondefy Apps.
- Zyfi users received 4.5% of the total supply.
- Ondefy users received 1% of the total supply.
Eligibility
To be eligible, users needed to meet one of the following criteria on the snapshot:
- Minimum of 200 gas points in the Zyfi or Ondefy point program
- Perform at least 1 gasless transaction
- Being an Early Power User
The snapshot was taken on October 8th at 1:00 PM UTC.
Multipliers 🎉
Multipliers are additional bonuses given to real users in both Zyfi DApp Partners, NFT Partners, Zyfi app & Ondefy app.
For Zyfi, these multipliers are designed for people who were heavily involved in the project and the ZKsync ecosystem. Detailed bonuses with associated boosts are provided, rewarding various levels of participation.
Ondefy users also get multipliers based on their involvement in the Ondefy app:
At the end, the amount of points you get in the Zyfi or Ondefy point program is multiplied by these multipliers to give you a final point balance. These final points are then exchanged for ZFI tokens through a specific point-per-token ratio.
For example, a user with 2000 gas points on Zyfi gas point program who meets specific criteria:
- Follows the Zyfi account (10%)
- Completes transactions during three distinct months (30% + 30%)
- Hold an Hue NFT (80%)
Would have a total of (2000*150%) + 2000 = 5000 gas points, multiplied by a specific ratio of 0.7 to equal 3500 ZFI tokens. (These numbers are used as an example)
Note: The Ondefy final point balance was capped at 100,000 points, and sybil detection was performed to ensure that only real users are rewarded.
100% Bonus
Airdrop-eligible users could also receive a 100% bonus on their total Airdrop balance. If you directly stake your allocation, you can stake all your Airdrop tokens to receive a 100% bonus on your total balance.
For example, if you receive 819 ZFI tokens in the Airdrop, you could stake them to get 1638 stZFI. When you decide to unstake, an unvesting period of 6 months will apply.
To reward users who follow us for a long time, this bonus is exclusively reserved for Airdrop Eligible Users!
Utility
As a new ZFI or stZFI holder, you’re now able to enjoy following utilities:
- The ZFI token is a utility token that offers a 20% discount on gas fees. By holding and using Zyfi tokens, you’ll be entitled to discounts on transaction gas fees across all DApps and partners where ZFI can be used as a fee token. ZFI is also the only way to access stZFI.
- The stZFI token is the governance token of the Zyfi DAO, which controls 33% of the total supply and influences key decisions such as fee activation, reward allocation, and grant distribution. Stakers also earn Zyfi staking points and RFX staking point (coming soon) based on their staked amount.
Governance is crucial as it allows you to propose and vote on various initiatives that will shape the future of Zyfi.
Thank you again to the community for your support ❤️
