Charlie Garcia
Summer.fi is a decentralized finance (DeFi) platform that offers services for lending, borrowing, and increasing various crypto assets like ETH, WBTC, DAI, and USDC. It implements top-notch automation tools for safety and convenience, providing features such as protection against liquidation, position management, and rewarding users with $RAYS for engagement in the platform.
Summer.fi has introduced a points system for its users, with the eligibility determined based on a snapshot taken on June 18, 2024. Follow the steps below to learn how you can earn free RAYS.
- Visit the Summer.fi website.
- Connect your wallet.
- Click on claim RAYS to check your eligibility and claim them.
- A snapshot was taken on June 18, 2024, to identify eligible users.
- Non-Summer users eligible for RAYS need to open a $500 position and maintain it for over 14 days by September 20, 2024.
- Wallet owners with at least 0.2 ETH on Mainnet, Arbitrum, Optimism, or Base receive 100 $RAYS.
- DeFi users get 200 $RAYS per protocol for having an active position on a supported protocol and network.
- Summer.fi users earn 500 $RAYS per protocol they engaged with since June 2021.
- Earn RAYS by using supported protocols for Borrowing, Earning, or Multiplying.
- Opening any Borrow, Multiply, or Earn position allows you to earn $RAYS.
- $RAYS are accrued per $ managed per second, with a base rate of around 690 $RAYS per $10k per year.
- Positions below $10k will earn less than 690 $RAYS annually per $10k.
- Invite friends to earn free RAYS as well.
- Visit their official airdrop announcement for more details on earning RAYS.
If you’re interested in potential retroactive airdrops for projects without tokens yet, ensuring you don’t miss out on future DeFi airdrops, check our list!
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Summary
- Website: https://summer.fi/
- Ticker: RAYS
- Twitter: Follow link for Twitter
- Discord Chat: Link to Discord chat
- Blog: Link to Blog post
- Github Repository: Link to Github Repository