[Event] ETH Early Bird Event: Stake ETH and Earn NPT Rewards!

Hello NEOPIN Community!

This is the global CeDeFi platform, NEOPIN.

Last time we introduced NEOPIN’s brand new service, the Liquid Stake protocol!

To celebrate the launch of the Liquid Stake protocol which can leverage the experience of staking assets for NEOPIN users, we are holding an ETH Early Bird Event! 🙌🎊

With the launch of both ETH and KLAY liquid staking products, NEOPIN has now further strengthened its DeFi with LSD-fi in addition to being selected for the Abu Dhabi Investment Office (ADIO) Innovation Program.

Stay tuned for NEOPIN’s global leadership in the crypto scene.

* If you are curious about what Liquid Staking is, check out our 🔗previous post.

🎁 ETH Early Bird Event

📍 Event Summary

If you participate in Ethereum Staking products, an additional 5% APY of NPT (Polygon) will be rewarded.
Rewards, NPT (Polygon network), are not claimable during the event period but will be transferred to the wallet after the event ends.
Please be aware that unstaking requests can only be made after the event ends considering the time to interact with the Ethereum network.
NEOPIN, as a non-custodial wallet and decentralized service, does not hold and manage users’ assets. Therefore, NEOPIN cannot access the staked assets as they interact directly with the Ethereum network.

📍 Event Details

1. Eligibility
- NEOPIN users who stake in the following products during the event period
1) ETH Liquid Stake
2) ETH Stake

2. Event Period
- July 11, 2023 (Tue) 07:00:00 ~ August 9, 2023 (Wed) 00:00:00 (UTC)
- July 11, 2023 (Tue) 11:00:00 ~ August 9, 2023 (Wed) 04:00:00 (GST)
- July 11, 2023 (Tue) 16:00:00 ~ August 9, 2023 (Wed) 09:00:00 (KST)

3. Event Rewards
- NPT Rewards (Polygon Network): 5% additional APY
- Confirm amount staked per user once per day at 00:00 UTC
- NPT reward is calculated by daily APY and amount staked: {Stake Period (Day) * Staked ETH Amount * APY(5%) / 365 * ETH Price / NPT Price }
(Token prices are the CoinmarketCap (CMC) closing price of the day before the settlement date)
- Send NPT (Polygon) to user’s wallet within 2–3 business days after the event ends

4. How to participate
[APP]
1. Go to Earn tab -> Go to Liquid Stake or Stake tab -> Go to the ETH product
2. Carefully review the product details and terms and conditions and enter the amount you wish to stake.
3. Review the estimated summary and proceed with the transaction
4. Done! You have successfully participated in the Early Bird Event. (Go to Wallet tab -> you can find amount staked at Stake tab)

[WEB]
1. Home -> Go to Stake tab -> select ETH products
2. Connect your NEOPIN wallet
3. Carefully review the product details and terms and conditions and enter the amount you wish to stake.
4. Review the estimated summary and proceed with the transaction
5. Done! You have successfully participated in the Early Bird Event.

📍 Event Terms

- The ETH Early Bird Event applies to ETH Liquid Stake and ETH Stake products (hereafter “Products”).
- The Event period is initially set to [YYYY-MM-DD] ~ [YYYY-MM-DD], and during the period, the additional NPT is rewarded.
- ETH Stake requests will be processed in queue order and ETH rewards will be accumulated from the time of Node Deposit completion.
- Event duration and NPT Rewards APY are subject to change based on the number of participants and network conditions.
- NPT rewards accumulated during the event will be transferred to the user’s wallet within 2–3 business days after the end of the event. (Reward claim is restricted during the event)
- npETH — ETH Pool will be released after the event ends.
- Unstaking request can be made ONLY after the event ends.

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