Introducing the Ether.fi Points Boosting Program

4 min readJun 30, 2024

$weETH in @ether_fi is launched in Rho Markets supply pool!

Ether.fi’s eETH is a decentralized, non-custodial liquid staking token that enables Ethereum holders to earn staking rewards while maintaining full liquidity and control over their assets.

Supply $weETH to get access to:

Scroll Marks
RXP (Rho Loyalty Points)
Eigen Points
3X Ether.fi Points

Supply: http://dapp.rhomarkets.xyz

What is Ether.fi Loyalty Points?

eETH/weETH holders will earn EigenLayer points in addition to ether.fi Loyalty Points, as ether.fi will be restaking on EigenLayer. The protocol will be remitting 100% of these points received to eETH holders from day 1, and displaying stakers allocation of the EigenLayer points in their dashboard.

Ether.fi Loyalty Points Formula:

Season 1 Rules:

Staking .001 Ether, earned you 1 point / day.
This simply meant that loyalty points earned = ETH staked * 1000 * days staked
Example: If you had 5 ETH staked for 6 days, you would have received 30k loyalty points (5 * 1000 *6) 💪

For our whales, there was a sizeable cap on total loyalty points earned of 1⁰¹². Season 2 Rules:

For Season 2, all points earned after March 15th will now receive an automatic 10x boost!
This means staking .001 Ether now earns you 10 points / day
To put it simply, Season 2 loyalty points earned = ETH staked * 10000 * days staked.

Example: If you have 5 ETH staked for 6 days, you will now receive 300k loyalty points (5 * 10000 *6) 💪💪💪

Please note that this equation does not include potential multipliers such as StakeRank and DeFi integration boosts.

More details please read on:
https://etherfi.gitbook.io/etherfi/getting-started/multichain-ecosystem/l2-native-staking

What is native L2 re-staking?

Native L2 restaking allows you to take your L2 ETH and mint weETH directly on a L2, instantly!

The native restaking is powered by LayerZero, and weETH on the supported L2’s now adopts the OFT Standard which allows you to seamlessly move your weETH across XYZ chains, read more about that here.

Previously, if you had ETH on an L2, like Blast or Mode, and you’d want to mint weETH, you would have to mint eETH on a L1, wrap it into weETH, and then bridge the weETH from L1 to L2. Using LayerZero’s OApp standard enables a much improved user experience and allows for instant minting on the L2 directly.

More details please read on:
https://etherfi.gitbook.io/etherfi/getting-started/multichain-ecosystem/l2-native-staking

How to achieve Multi-Layer points yield in Rho Markets?

First, bridge your weETH assets to the Scroll network. Then, supply weETH in the Scroll Rho Markets Supply Pool. This will allow you to enjoy multi-layer points yield, including Scroll Marks, RXP (Rho Loyalty Points), Eigen Points, and a 3X multiplier for Ether.fi points!

What is RXP & Rho Pet?

For each new asset listed, we will introduce a corresponding pet. Users can obtain the pet by supplying the respective asset and reaching a certain quantity (usually equivalent to 0.05 ETH worth of the asset). The supplied asset will continuously provide experience points (RXP, Royalty Points) to the pet at a rate per Second.

The larger the supplied asset, the higher the rate of experience gained per Second. Pets will level up as they accumulate experience points, with the required experience for each level increasing exponentially. Once a pet reaches a certain level, it will evolve to the second or third stage.

By the way, the most important part, the generated RXP not only helps pets level up but also accumulates in the user’s points panel as proof for future $RATE token airdrops.

Detailed Rules:

Users who supply at least 0.05ETH(or an equivalent amount in Stablecoin) in Rho will activate the asset pet system. For each additional 1 USDT (or an equivalent amount of assets) amount staked, users will accumulate an additional 1 point/day. Points will be updated every 4 hours. All accumulated points will be included in the leaderboard.
Each asset class on Rho will be a unique pet, who has its own story and life. By supplying the asset, the pet level will increase, till max 99 levels. Higher level pets will unlock more benefits.
Users with a supply amount greater than 0.1 ETH will generate an exclusive invitation code. The invited user must supply at least 0.05 ETH to be considered a valid member, and the inviter will receive 5% of the invited person’s points.
For every milestone reached (protocol TVL), users who participated before the snapshot will be allocated a new round of points. The specific data is shown in the table below.
Borrow users can accumulate 1 point/day for every 1 USDT(or equivalent Asset) borrowed. Borrowing ETH by invited users does not count as an invitation reward.
Every individual Wallet address can participant 1 one-time Raffle every single day, there’s multiple possibilities options including 1.2X, 1.5X, or 2X boosting on points mining, but also maybe will be 0.8X, 0.5X boosting for points, and the Raffle is only for the day user participants, the second day will be back 1X again and user can participants raffle again.

More details please read on:
https://rhomarkets.medium.com/loyalty-points-program-mainnet-launch-phrase-1-1eb0c27e0b0e

Last words…

We are thrilled about our future collaboration with Ether.fi! Anticipate innovative marketing campaigns and revolutionary new features. Stay tuned for more updates!