The EDA (Edamame) airdrop and reward system is designed to incentivize participation and investment in D2 Finance’s strategies, particularly focusing on the highly anticipated flagship eBERA strategy on Berachain upon launch.
https://medium.com/@D2.Finance/berachain-was-inevitable-eda-will-be-game-changing-328990394da0
For overview of the points system relative to EDA Airdrop and D2 Rangers Squad, refer to https://medium.com/@D2.Finance/eda-mame-airdrop-rewards-d0370fbc6795
Below are the details regarding the benefits and structure for our Berachain Partners (Partner Squad NFTs):
Qualification for EDA Airdrop/Rewards:
Exclusive Qualification: To qualify for the EDA airdrop and rewards, users must own a EDA Squad NFT, which indicates membership in either a Ranger Squad (RS) or a Partner Squad (PS).
Limited Airdrop Recipients: Only 169 wallets will receive the airdrop, divided as follows:
- 20 Rangers*
- 80 Ranger Squad wallets*
- 69 Partner Squad wallets
- There are currently 20 Rangers, but the number may vary
Partner Squad Structure:
Partnership Allocation: Official D2 Finance Berachain partners, where there is an integration (in progress or finalized) by mainnet will receive 4 Squad NFTs as part of the partnership agreement.
Distribution of 69 Partner Squad NFTs:
- 40 NFTs: Allocated to the top 10 integrations that have been developed, with multiple announcements expected in the coming weeks.
- 29 NFTs: Dedicated to special initiatives within the Berachain ecosystem for projects without immediate integration with eBERA.
Weighting System:
Incentive Structure: The weighting system for the airdrop is based on a Formula 1 points system, creating strong incentives to achieve top ranks.
- 1st Place: Eligible for 24.75% of the Season 1 Airdrop
- 2nd Place: Eligible for 17.82% of the Season 1 Airdrop
- 3rd Place: Eligible for 14.85% of the Season 1 Airdrop
- 4th Place: Eligible for 11.88% of the Season 1 Airdrop
- 5th Place: Eligible for 9.90% of the Season 1 Airdrop
- 6th Place: Eligible for 7.92% of the Season 1 Airdrop
- 7th Place: Eligible for 5.94% of the Season 1 Airdrop
- 8th Place: Eligible for 3.96% of the Season 1 Airdrop
- 9th Place: Eligible for 1.98% of the Season 1 Airdrop
- 10th Place: Eligible for 0.99% of the Season 1 Airdrop
Achieving Top Ranks:
Investment and Allocation: To boost your Partner squad’s rank:
- Own xD2 tokens or allocate funds to one of D2 Finance’s strategies. Different vaults may offer varying points per dollar invested during each season.
Season 1: All public vaults, pre-berachain mainnet, will have a 1x multiplier regardless of the strategy, same as xD2.
Season 2: The focus will fully shift exclusively to allocations in the eBERA flagship strategy after the Berachain mainnet launch (eBERA will open for deposit shortly after Bearchian mainnet).
eBERA long-term commitments: Users who deposit into the eBERA strategy for multiple epochs will have a higher multiplier. The flagship strategy will remain set at 30 day maximum limit for epoch length before allowing withdrawal at NAV (original deposit +/- pnl).
Partner Treasury:
Treasury Allocation: Partner Treasuries will receive 20% of the airdrop allocated to their squad as referral if they end up in the top 10 of the rankings.
Example:
If Partner 1 allocates the NFTs to 4 wallets, each investing $500k, resulting in a total allocation of $2M (plus potential multiplier).
If this total is enough to achieve the first rank, the squad receives 24.75% of the total EDA airdrop/rewards. Each investor gets 4.95% of the airdrop/rewards, and the partner team also gets 4.95% as a referral reward.
This structure incentivizes strategic allocations to maximize rewards for both the team and individual investors.
Additional Mechanisms for the Remaining 29 NFTs:
Pre-Mainnet Opportunities: For the remaining balance of the 29 NFTs, multiple mechanisms will be introduced to provide opportunities for users to benefit from eBERA, eBERA derivatives, and Berachain before the mainnet launch.
Conclusion: “I am a BERA i like double dipping”
These detailed benefits and structures for the 69 Partner Squad NFTs are designed to foster active participation, strategic investment, and collaboration within the D2 Finance ecosystem.
Real partners who contribute to growing the overall pie will receive meaningful upside, benefiting from both the top organic volumes generated by eBERA (when its live) and the additional opportunities for double-dipping rewards.
FAQ
Any limitations on how partners can pick their squad?
- No, the only filtering would be related to OFAC/compliance requirements.
Can I invest in the upcoming vaults for Season 1 and later switch to eBERA for Seasons 2?
- Yes, that’s a completely valid strategy. D2 strategies are liquid after each Epoch allowing users to withdraw at NAV after each trading epoch.
We have more than 4 people in our community interested in receiving an NFT. What can we do?
- The only solution is to advise them to join another Partner Squad, D2 Ranger Squad if there’s a place available, or become a D2 Ranger themselves. Join the discord for full details.
Is the NFT transferable?
- If you transfer the NFT, you will not receive an airdrop (e.g. your points will go to zero).
Where do I see my Eda Points?
- Edamame.fun is current a placeholder, the leaderboard will be updated with Season 1 data closer to Berachain mainnet
D2 Finance replicates a top tier multi-strategy hedge fund, 100% on-chain, 100% non-custodial. Merging the sophistication and risk management of traditional finance with the innovative technology and opportunities of DeFi.
D2 Finance offers a robust suite of institutional-grade managed strategies within our innovative, non-custodial single-click vault architecture. Our strategies are designed to maximize returns by balancing risk and reward efficiently, drawing on our team’s deep expertise in hedge fund management and derivatives, while leveraging unique opportunities in the digital asset space.
For more details and to join this groundbreaking venture, visit our website and join our community on Discord and Twitter.
Website | Twitter | Discord | Medium | Docs
Disclaimers
Performance Disclaimer:
The indicative ROI/APY shown in the d2.finance front-end is not guaranteed and is subject to market risk. The strategies are not risk-free, and some epochs may result in a negative return. Further details and protocol incentives can be found in https://gitbook.d2.finance/. While the information contained within the website is periodically updated, no guarantee is given that the information provided in the website is correct, complete, and current.
Product Disclaimer: Test Phase and High Risk Investment
Please be aware that the eBERA token and its associated products are currently in a testing phase. This phase is designed to evaluate and improve the system’s functionality, and as such, it carries inherent risks. Investments in this phase are highly speculative and should be considered high risk. Potential investors should be prepared for the possibility of losing their entire investment.
User Certification and Legal Compliance
By interacting with our smart contract, you, as the user, certify that you are legally permitted to invest in such instruments in your jurisdiction. It is your responsibility to ensure that your participation complies with local laws and regulations. We do not assume any responsibility for the unlawful use of our product in any jurisdiction.
Sophistication Requirement*
Participation in our strategies is intended for individuals who meet certain financial criteria that classify them as high net worth or sophisticated investors. The definition of a high net worth or sophisticated investor varies by jurisdiction, but generally includes individuals with significant experience in financial and business matters, making them capable of evaluating the merits and risks of prospective investments. Investing in advanced financial strategies carries inherent risks, including the potential loss of capital. Prospective investors should be fully aware of these risks and are advised to conduct thorough due diligence.
No Guarantee of Returns
Investing in start-ups and decentralized finance instruments involves significant risks. We do not guarantee any return on investment (ROI) or annual percentage yield (APY). The performance of these investments can be volatile, and past performance is not indicative of future results.
Independent Analysis and Due Diligence
We strongly advise that you conduct your own independent analysis and due diligence before interacting with the Vualt token. The information provided regarding ETH++ and related products is not intended to be, and should not be construed as, financial advice. On the same level to interact with other LSD derivatives.
Changes and Updates
Please note that the features, terms, and conditions of Rodeo++ and its secondary market on Camelot may change. Stay informed by reviewing our documentation regularly.
Acknowledgement of Risks
By proceeding with the investment, you acknowledge that you understand and accept the risks associated with high-risk investments, start-ups, and decentralized finance (DeFi) products.
General Disclaimer for D2.Finance services
Understanding the Agreement: By engaging with d2.finance, you acknowledge and accept the terms and conditions outlined in this agreement. Before proceeding, please read these terms carefully. By electronically interacting with Vaults token, you are acknowledging that it is as legally binding as if you had signed it manually. This means you fully accept the terms and conditions contained herein.
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Risk Acknowledgement: Swap Vault’s tokens involve significant risks. This includes the potential for complete loss of value of any property or cryptocurrency, as defined, that you deposit into the Vault. We urge you to consider these risks carefully before interacting with our Vaults token.
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