$RAYS
$RAYS is the new points system within Summer.fi
The Summer.fi $RAYS Campaign is in preparation for the launch of the Summer.fi Earn Protocol, coming in early 2025.
Claim your $RAYS at: summer.fi/rays
Eligibility Criteria for Retroactive Points Allocation
Level 1: Active Wallet
Requirement: You must have a non-custodial wallet with at least 0.2 ETH on Mainnet, ARB, OP, or Base and at least 5 transactions.
Reward: 100 $RAYS
Condition: You must open a position with a net value of at least $500 and keep it open for at least 14 days.
Level 2: DeFi User
Requirement: Have a currently active position on May 31st on a supported protocol and network.
Reward: 200 $RAYS per protocol.
Condition: Need to open a position of at least $500 net value and keep it open for at least 14 days.
Level 3: Summer.fi User
Requirement: Performed a transaction on Summer.fi since June 2021.
Reward: 500 $RAYS per protocol, tripled if an active user at the snapshot.
Level 4: Summer.fi Power User
Requirement: Performed a Multiply or Yield Loop Transaction, used migrate or refinance, or enabled automation.
Reward: 2,000 $RAYS for each unique feature used, tripled if an active user.
Continuous Accruing Points
Open any position to get $RAYS:
Borrow: Unlock liquidity from your crypto assets.
Earn: Compound your crypto capital using high-quality DeFi protocols.
Multiply: Amplify your exposure and profits conveniently.
$RAYS Points Calculation: Earned per $ managed per second, approx. 690 $RAYS per $10k per year, capped at $10M.
Boost your rank on the leaderboard with multipliers:
Automation Multiplier: 1.1x for stop-loss, 1.5x for other automations.
Time Bonus:
1.2x for >30 days
1.5x for >90 days
2x for >180 days
Additional: If the position was held before the snapshot, receive an extra 0.5x for positions older than 30 days, 1.15x for positions older than 90 days, and 1.3x for positions older than 180 days.
Protocol Bonus:
1.2x when active on 2 protocols
1.5x for 3 protocols
2x for 4 protocols
3x for 5+ protocols
Special Activities:
Multiply/Yield Loop Trades:
Uncorrelated pair: Earn 20% of the yearly points allocation of the swap size.
Correlated pair: Earn 6% of the yearly points allocation of the swap size.
Multiples:
1.5x for 6-10 trades
2x for 11-25 trades
5x for 25+ trades
Migrate/Import a Position: Earn 20% of a year's worth of points instantly for importing or migrating a position into Summer.fi (must keep the position for at least 30 days or points will be lost).
Refer Another User: Earn 5% of all the $RAYS they earn for 12 months post-referral.
Boost your $RAYS earnings with multipliers for automated positions
Automatically Protect Your Position:
Stop Loss: 1.1x - Closes your positions if market turns downward.
Trailing Stop Loss: 1.5x - Adjusts the stop loss automatically to secure profits.
Auto Sell: 1.5x - Executes a sell to reduce risk or lock in profits automatically.
Automatically Capture Market Moves:
Auto Buy: 1.5x - Purchases assets when market momentum is favorable.
Auto Take Profit: 1.5x - Sells assets at predefined targets to realize profits.
Additional Multipliers:
Time Bonus:
1.2x for >30 days
1.5x for >90 days
2x for >180 days
Additional bonuses for positions held before the snapshot (1.05x to 1.3x, depending on duration).
Protocol Bonus:
1.2x when active on 2 protocols
1.5x for 3 protocols
2x for 4 protocols
3x for 5+ protocols
Trades:
1.5x for 6-10 trades
2x for 11-25 trades
5x for 25+ trades
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