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The GRID Games exist to help DayFi scale energy as a new yield-bearing asset, built natively onchain. GRID Games Points measure the contribution each participant makes to building the liquidity foundation for DayFi.
The first opportunity to earn GRID Games Points opens with the pre-deposit campaign on December 16 at 8 am ET (1pm UTC), available on Ethereum Mainnet. Every USDS or USDT deposited into the vault will earn a 10x Point multiplier for the entire pre-deposit.
A “Time-in-Protocol” boost runs on top. It begins at 3.0x and declines by 0.03 per day until it reaches 1.0x. Because this boost activates at the start of the pre-deposit, the earliest participants begin with a combined multiplier of 13x.
This ensures that the earliest depositors into DayFi benefit from their support, offering an opportunity to earn significant Points before the formal protocol beta launch.
As detailed in our initial blog on the pre-deposit campaign, the pre-deposit vault will be locked for 2 months. When the protocol beta launches, the pre-deposit will convert into the Ecosystem Vault, where K3 Capital will allocate across GRID Games strategies designed both to deepen liquidity and to enhance Point earnings.
All withdrawals from the pre-deposit will be in sGRID. The timing of the Predeposit unlock for the ecosystem vault is aligned with the unstaking period for sGRID, which occurs every 30 days.
Please note that GRID and sGRID both rely on Predicate for AML verification. High-risk and sanctioned addresses will be blacklisted from interacting with the protocol. Any attempt to interact with GRID / sGRID or the protocol will result in GRID and sGRID being frozen in those wallets.
Once Protocol Beta goes live, users will have multiple ways to earn Points throughout the DayFi ecosystem. The Ecosystem Vault, seeded with pre-deposit capital from the conversion and managed by K3 Capital, will automate many of these strategies for users who prefer a more passive approach.
The public table below will reflect the current status of points, and will be updated and modified over time. Note that not all of these ecosystems or protocols will be live initially, and we may modify the protocols we integrate with over time. We will make best efforts to ensure the community is informed of any point modifications in advance.
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sGRID supply will be capped and progressively raised. GRID supply will remain uncapped. To ensure Points remain balanced, we have implemented a degradation factor for GRID-related multiples. If the protocol’s effective stake rate falls below 25%, the GRID-related multipliers will begin to degrade. Once the effective stake rate rises back above the threshold, the GRID-related multipliers will regenerate. This does not affect sGRID multipliers.
Our vision for the future of energy is one that is decentralized, reliable, and community-first. The GRID Games are our first step to realizing this vision with all of you.
Note: The DayFi Foundation reserves the right to adjust Point multipliers at any time. Please refer to the DayFi Terms and Conditions for more details.
Disclaimer:
THIS IS FOR INFORMATIONAL PURPOSES ONLY AND NOT AN OFFER TO SELL, THE SOLICITATION OF AN OFFER TO PURCHASE, OR AN ENCOURAGEMENT TO PURCHASE ANY FINANCIAL INSTRUMENT, TOKEN OR INTEREST THEREIN. YOU SHOULD NOT RELY ON THE CONTENT HEREIN FOR ADVICE OF ANY KIND, INCLUDING LEGAL, INVESTMENT, FINANCIAL, TAX, OR OTHER PROFESSIONAL ADVICE, AND SUCH CONTENT IS NOT A SUBSTITUTE FOR ADVICE FROM A QUALIFIED PROFESSIONAL OR YOUR OWN RESEARCH. DAYLIGHT MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE COMPLETENESS, RELIABILITY, VALIDITY, OR ACCURACY OF THIS INFORMATION. ANY INFORMATION CONTAINED HEREIN IS SUBJECT TO CHANGE WITHOUT NOTICE. THE PRE-DEPOSIT IS OPEN ONLY TO DEPOSITORS IN ELIGIBLE JURISDICTIONS AND TO THOSE DEPOSITORS WHO HAVE SUCCESSFULLY COMPLETED ANY ELIGIBILITY REQUIREMENTS. THE PRODUCT IS NOT AVAILABLE TO RESIDENTS OF THE UNITED STATES AND ANY OTHER PROHIBITED JURISDICTIONS. ANY OFFER OR SALE OF preGRID, GRID, OR sGRID WILL ONLY BE DONE SUBJECT TO THE APPLICABLE TERMS AND CONDITIONS, WHICH WILL BE AVAILABLE UPON THE OPENING OF THE DEPOSIT WINDOW FOR THOSE PARTICIPANTS WHO HAVE PROVEN THEIR ELIGIBILITY.
The GRID Games exist to help DayFi scale energy as a new yield-bearing asset, built natively onchain. GRID Games Points measure the contribution each participant makes to building the liquidity foundation for DayFi.
The first opportunity to earn GRID Games Points opens with the pre-deposit campaign on December 16 at 8 am ET (1pm UTC), available on Ethereum Mainnet. Every USDS or USDT deposited into the vault will earn a 10x Point multiplier for the entire pre-deposit.
A “Time-in-Protocol” boost runs on top. It begins at 3.0x and declines by 0.03 per day until it reaches 1.0x. Because this boost activates at the start of the pre-deposit, the earliest participants begin with a combined multiplier of 13x.
This ensures that the earliest depositors into DayFi benefit from their support, offering an opportunity to earn significant Points before the formal protocol beta launch.
As detailed in our initial blog on the pre-deposit campaign, the pre-deposit vault will be locked for 2 months. When the protocol beta launches, the pre-deposit will convert into the Ecosystem Vault, where K3 Capital will allocate across GRID Games strategies designed both to deepen liquidity and to enhance Point earnings.
All withdrawals from the pre-deposit will be in sGRID. The timing of the Predeposit unlock for the ecosystem vault is aligned with the unstaking period for sGRID, which occurs every 30 days.
Please note that GRID and sGRID both rely on Predicate for AML verification. High-risk and sanctioned addresses will be blacklisted from interacting with the protocol. Any attempt to interact with GRID / sGRID or the protocol will result in GRID and sGRID being frozen in those wallets.
Once Protocol Beta goes live, users will have multiple ways to earn Points throughout the DayFi ecosystem. The Ecosystem Vault, seeded with pre-deposit capital from the conversion and managed by K3 Capital, will automate many of these strategies for users who prefer a more passive approach.
The public table below will reflect the current status of points, and will be updated and modified over time. Note that not all of these ecosystems or protocols will be live initially, and we may modify the protocols we integrate with over time. We will make best efforts to ensure the community is informed of any point modifications in advance.
This browser version is no longer supported. Please upgrade to a supported browser.
sGRID supply will be capped and progressively raised. GRID supply will remain uncapped. To ensure Points remain balanced, we have implemented a degradation factor for GRID-related multiples. If the protocol’s effective stake rate falls below 25%, the GRID-related multipliers will begin to degrade. Once the effective stake rate rises back above the threshold, the GRID-related multipliers will regenerate. This does not affect sGRID multipliers.
Our vision for the future of energy is one that is decentralized, reliable, and community-first. The GRID Games are our first step to realizing this vision with all of you.
Note: The DayFi Foundation reserves the right to adjust Point multipliers at any time. Please refer to the DayFi Terms and Conditions for more details.
Disclaimer:
THIS IS FOR INFORMATIONAL PURPOSES ONLY AND NOT AN OFFER TO SELL, THE SOLICITATION OF AN OFFER TO PURCHASE, OR AN ENCOURAGEMENT TO PURCHASE ANY FINANCIAL INSTRUMENT, TOKEN OR INTEREST THEREIN. YOU SHOULD NOT RELY ON THE CONTENT HEREIN FOR ADVICE OF ANY KIND, INCLUDING LEGAL, INVESTMENT, FINANCIAL, TAX, OR OTHER PROFESSIONAL ADVICE, AND SUCH CONTENT IS NOT A SUBSTITUTE FOR ADVICE FROM A QUALIFIED PROFESSIONAL OR YOUR OWN RESEARCH. DAYLIGHT MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE COMPLETENESS, RELIABILITY, VALIDITY, OR ACCURACY OF THIS INFORMATION. ANY INFORMATION CONTAINED HEREIN IS SUBJECT TO CHANGE WITHOUT NOTICE. THE PRE-DEPOSIT IS OPEN ONLY TO DEPOSITORS IN ELIGIBLE JURISDICTIONS AND TO THOSE DEPOSITORS WHO HAVE SUCCESSFULLY COMPLETED ANY ELIGIBILITY REQUIREMENTS. THE PRODUCT IS NOT AVAILABLE TO RESIDENTS OF THE UNITED STATES AND ANY OTHER PROHIBITED JURISDICTIONS. ANY OFFER OR SALE OF preGRID, GRID, OR sGRID WILL ONLY BE DONE SUBJECT TO THE APPLICABLE TERMS AND CONDITIONS, WHICH WILL BE AVAILABLE UPON THE OPENING OF THE DEPOSIT WINDOW FOR THOSE PARTICIPANTS WHO HAVE PROVEN THEIR ELIGIBILITY.
This is really great 😊😊😊
Ready. Set. GRID Games 🏁 The GRID Games are coming up fast, and they’re your chance to help DayFi scale energy as a new yield-bearing asset, built natively onchain. GRID Games Points measure the contribution each participant makes to building the liquidity foundation for DayFi. Read the full breakdown on points in our latest blog post, and get ready for the December 16th launch of the Pre-Deposit Vaults. https://blog.dayfi.com/grid-games-points