Lucidly Drops

Lucidly Points Campaign

Drops are introduced to track and incentivise TVL bootstrapping in the beta phase of the Lucidly yield products. Drops are integrated using and in partnership with Merkle.

Drops are distributed per dollar of deposits.

Example - If 1 syUSD = 1.01 USDC (according to protocol exchange rate), 100 syUSD tokens are incentivised with 101 Drops every 24 hrs.

Initial distribution of Drops will continue till TBD and will be eligible for 2% of the total Lucidly protocol token supply upon TGE.

Drops will also be used to incentivise deposits for upcoming syTokens.