We are excited to introduce the 'Check Your SOL Wallet' program, an opportunity for you to earn vLoop points based on your contributions to the Liquid Staking & Restaking ecosystem on Solana. This is our first step toward revolutionizing the DeFi space on Solana.
1/ About the 'Check Your SOL Wallet' Program
The 'Check Your SOL Wallet' program is created to honor individuals who have contributed to the growth of Liquid Staking & Restaking on the Solana network.
By distributing vLoop points, the program aims to build a strong community and encourage users to continue contributing to the development of Liquid Staking & Restaking.
2/ What is a vLoop point?
vLoop points are off-chain points earned by completing actions and making positive contributions to the growth of iLoop. Holding vLoop points may qualify you for future protocol rewards.
3/ How it works?
We invite eligible participants who hold at least 1 LST or are members of the communities listed below. We will analyze the number of LST assets you hold and convert them into vLoop points. The more you hold, the more points you receive.
We will airdrop points to holders and the following communities:
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LST: INF, vSOL, dSOL, JitoSOL, JSOL, rkSOL, picoSOL, bSOL, jupSOL, xSOL, AeroSOL, PathSOL, HealthSOL, BonkSOL, hubSOL, lanternSOL, strongSOL, camaoSOL, SOUL, phaseSOL, mSOL. hSOL, LST, uptSOL.
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Restaking: fragSOL, sSOL.
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Solana Community: Radiant, Solana ID.
For the Community, each wallet will receive a fixed 500 vLOOP. For LST holders, points will be based on the number of tokens held, regardless of the specific project. For example, 1 vSOL and 6 JitoSOL will receive the same points as 3 vSOL and 3 JitoSOL. Holders will be divided into the following tiers:
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Tier 1: 1 - 9 LST receives 500 vLOOP.
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Tier 2: 10 - 59 LST receives 1000 vLOOP.
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Tier 3: 50 - 99 LST receives 1500 vLOOP.
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Tier 4: 100 - 399 LST receives 2500 vLOOP.
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Tier 5: 400 - 999 LST receives 3500 vLOOP.
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Tier 6: >1000 LST receives 4500 vLOOP.
If a user holds jSOL or sSOL:
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Tier 1: 1 - 99 jSOL or sSOL receives an additional 20% of the total vLOOP.
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Tier 2: 100 - 299 jSOL or sSOL receives an additional 30% of the total vLOOP.
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Tier 3: 300 - 599 jSOL or sSOL receives an additional 40% of the total vLOOP.
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Tier 4: 600 - 999 jSOL or sSOL receives an additional 50% of the total vLOOP.
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Tier 5: >1000 jSOL or sSOL receives an additional 60% of the total vLOOP.
With iLoop points, we are creating a sustainable reward mechanism for those who contribute to the Solana and iLoop ecosystems. Our aim is to establish a platform that delivers long-term value, aligned with Solana’s innovative and groundbreaking ecosystem vision, and we invite you to join us in this program.
Important Note: To receive vLoop points, participants must meet the above conditions before Nov 11.
4/ How to Claim vLoop Points
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Step 1: Go to the app: https://app.iloop.finance/airdrop.
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Step 2: Connect any wallet containing LST/LRT.
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Step 3: Claim.
5/ What is iLoop?
iLoop is a next-generation Lending & Borrowing platform focused on the Liquid Staking market within the Solana ecosystem, offering solutions to optimize LST stakers' holdings directly on a single platform.
Join us on this exciting journey with iLoop. We're dedicated to continuously enhancing and evolving our services to provide the best experiences in the Liquid Staking/Liquid Restaking field on Solana.
6/ Conclusion
The 'Check Your SOL Wallet' program is not only an initiative to reward experienced users within the Solana ecosystem but also a token of gratitude to all long-standing members, encouraging them to continue participating in the promising Liquid Staking/Restaking space.