In Chapter 1, we focused on social activities, and the number of participants grew to just over 1,167 in just two weeks, with 12M Chapter1 Points distributed.
This shows the growing excitement for Orange Finance, LPDfi (LP Restaking) narrative.
This is how the 12M will be used:
42% (5M points) were allocated to referral rewards and incentives. This will help raise awareness of Orange Finance and LPDfi on Arbitrum and beyond.
58% (7M points) were rewarded as Chapter 1 Points Airdrop. Users qualified for the point airdrops based on their address status within 21 partner protocols as of the snapshot on August 13, 2024. Each eligibility criterion awarded 7,000 points. Here’s the list of eligible addresses and amounts.
Also, the overall distribution of Chapter1 points among participants is as follows:
85% of participants received fewer than 10K Chapter 1 points.
10% of participants received between 10K and 50K points.
Only 2% of participants received between 50K and 90K points.
Just 1.5% of participants received between 90K and 130K points
Another 1.5% received over 130K points
Regarding the distribution, you don’t need to claim any points to receive them—just check your amount here. Be aware of scammers!
About Orange Finance
Orange Finance is an automated liquidity management protocol at the forefront of LPDfi innovation in the DeFi space. Our mission is to simplify liquidity provision and enhance profitability within LPDfi protocols. We're actively developing liquidity management vaults on top of LPDfi protocols, making LPDfi more accessible and user-friendly. Orange Finance stands as a pivotal gate connecting users and LPDfi protocols, contributing to the growth and stability of DeFi liquidity.