Nektar Network begins Epoch 1 of Nektar Drops – Rewards for ongoing participation

Berlin,
Germany,
May
1st,
2024,
Chainwire

The
Nektar
Network
is
excited
to
announce
the
commencement
of
Epoch
1
for
Nektar
Drops,
beginning
today,
May
1,
2024.
This
new
phase
is
dedicated
to
acknowledging
and
recording
the
contributions
of
our
community
members
through
daily
Nektar
Drops,
which
can
be
earned
by
participating
in
predefined
activities
within
the
Nektar
ecosystem.
This
epoch
will
conclude
on
June
1,
2024,
or
when
the
network
reaches
a
total
value
locked
(TVL)
of
250,000
ETH.

Participants
in
Epoch
1
will
have
the
opportunity
to
earn
Nektar
Drops
by
engaging
with
several
pre-launch
initiatives
such
as
Enzyme
vaults,
Reserve
bsdETH
initiatives,
and
Sommelier
vaults.

Specifically,
for
each
ETH
deposited
in
these
initiatives
on
Ethereum
mainnet,
members
will
receive
25
Nektar
Drops
per
day.
A
slightly
different
reward
structure
is
set
for
deposits
on
Base,
where
the
reward
will
be
20
Nektar
Drops
per
ETH
per
day.

Nektar
Drops
per
day
for
ETH
deposited:

• 
  25
  pts/ETH
  deposited
  on
  Enzyme
• 
  25
  pts/ETH
  deposited
  on
  Sommelier
• 
  20
  pts/ETH
  deposited
  on
  Reserve
• 
  20
  pts/ETH
  deposited
  on
  Beefy
  and
  Aerodrome
• 
  20
  pts/ETH
  deposited
  on
  Extra
  Fi

The
allocation
of
retroactive
Nektar
Drops
has
also
been
revised,
significantly
increasing
the
number
of
drops
distributed
to
Goerli
and
Holesky
testnet
operators
by
over
50x.
Additionally,
a
10x
increase
has
been
implemented
across
all
other
participant
categories
to
better
acknowledge
their
activities
and
contributions.

Referral
rewards
will
be
introduced
later
during
Epoch
1.
This
addition
is
pending
final
technical
enhancements
made
in
partnership
with
the

Fuul
team,
aiming
for
a
seamless
integration
into
our
existing
reward
structure.

The
launch
of
Epoch
1
marks
a
significant
milestone
in
Nektar
Network’s
commitment
to
community
engagement.
More
information
on
Nektar
Drops
and
the
upcoming
stages
in
the
Pollination
Campaign
coming
soon.

About
Nektar
Network

Nektar
Network
is
a
multilayered
restaking
network
built
on
top
of
Ethereum.
It
consists
of
components
that
together
form
a
comprehensive
incentives
system
designed
to
democratize
access
to
Ethereum’s
trust
model.
For
more
information
about
Nektar
Network,
users
can
visit
our

website
or
follow
on

Farcaster
and

X.

Nektar
Network
is
the
source
of
this
content.
This
Press
Release
is
for
informational
purposes
only.
The
information
does
not
constitute
investment
advice
or
an
offer
to
invest.
Engaging
with
smart
contracts
can
pose
a
security
risk.

Contacts

Marketing
Inquiries
Myra
Tumlos
Nektar
Network

[email protected]
Business
Inquiries
Kotler
Nektar
Network

[email protected]