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Pencils Protocol, which has undergone a new brand upgrade, has now ended Season 2 and entered Season 3. Currently, users can use the Pencils Protocol's Staking pool to obtain returns exceeding APR while also receiving multiple points rewards.
In Season 3, in order to further encourage more users to participate, Pencils Protocol, together with Trust Wallet, the official Scroll team, and several high-quality projects in the Scroll ecosystem, including StakeStone, Kelp Dao, and Puffer, jointly launched the Scroll Ecological Treasure Hunt, which is one of the sub-activities of Season 3. This activity also has rich profit potential, including staking rewards, a series of ecological points rewards with a total value of $200K, etc. It is worth mentioning that Trust Wallet is the wallet project with the largest user base in the Web3 field, with more than 100 million active users. Through cooperation, it is expected to promote the popularity of this cooperation.
How do I participate in the Scroll Treasure Hunt?
To participate in the Scroll Treasure Hunt, users must first complete two basic tasks during the event period, which is from 12:00 UTC on May 24 to 24:00 UTC on June 30, including:
1. Basic tasks: Use Trust Wallet to link Galxe and complete the designated social media tasks: app.galxe.com/quest/Penpad/GCFaFtzENT
2. On-chain tasks:
At the same time, users also need to complete Pencils Protocol account verification and staking tasks, including:
After entering Pencils Protocol, you need to complete account registration and zk verification. (Registration and verification tutorials are at the end of the article)
After completing the above steps, stake STONE/pufETH/wrsETH assets in Pencils Protocol
Once you have completed the above steps, you will be deemed to have successfully participated in the Scroll treasure hunt.
Scroll Treasure Hunt Benefits:
If we successfully participate in the event, we will receive a series of benefits, including Scroll incentives and multiple points rewards from Pencils Protocol, StakeStone, Kelp Dao and Puffer. If you participate between 10:00 UTC on May 27 and 10:00 UTC on June 6, you will also receive super points double rewards, including:
l Pledge STONE to obtain
Scroll Marks
2x Pencils points (3x during Super Speed Up)
2x Stone W1 Points (3x during Super Speed Up)
l Pledge pufETH to get
Scroll Marks
1.5x Pencils points (2x during super speed-up period)
1.5 times Puffer Points (2 times during Super Speed Up)
l Pledge wrsETH to obtain
Scroll Marks
2x Pencils points (3x during super-speedup)
2x Kelp Miles (3x during Super Boost)
It is worth mentioning that the assets pledged by users participating in this activity can be withdrawn at any time, and the rewards received by users will be determined based on the amount and duration of their staked assets.
Reward Value
Scroll Marks are the basis for the Scroll ecosystem to issue incentives and rights to users in the future. Considering the wealth-creating effect brought by the series of airdrop rewards issued by Layer2, and Scroll's status as a Layer2 protocol in the ZK camp, the expected benefits of holding this "Scroll Incentive" are very considerable.
Pencils points are the equity symbol of the Pencils Protocol ecosystem. The potential rights of holding these points include:
The only exchange tool for Launch project quota on Pencils Protocol in the future
Purchase a variety of items, NFTs, and virtual or physical goods through the Pencils Protocol Shop.
Access Pencils Protocol Vault to get higher leverage mining
Priority access to the Pencils Protocol airdrop
In addition to the above points, Kelp Miles, Puffer Points and Stone W1 Points also represent the rich benefits of their respective ecosystems, including airdrops of future token launches, etc. Considering the status of these protocols in the LRT track, the expected returns from these potential airdrops are also very considerable.
A new round of "one fish, many meals" effect
The Scroll Ecological Treasure Hunt is currently the activity with the most obvious kill-two-fish effect, that is, by participating in the activity once, you can enjoy three types of point rewards at the same time.
In fact, if you want to obtain the above points separately, there are certain thresholds. For example, if you want to obtain Scroll points first, you need to use LayerZero to transfer ETH and wstETH to Scroll through the native cross-chain bridge and STONE cross-chain. There may be complicated operation steps and a series of capital costs. Other points also need to participate in the protocol separately to obtain. The same is true for the acquisition of Kelp Miles, Puffer points, and Stone W1 points.
In the future, using Pencils Protocol as the entry point, you will be able to obtain all the above rights and interests with the lowest opportunity cost and without loss with a single pledge. Whether it is APR income or series points income, the expected income is very considerable.
From the perspective of Pencils Protocol itself, after the brand upgrade, the protocol is expanding its narrative direction in a broader direction by further launching functions such as Staking, Vault, and Shop. At the same time, it is also expected to further become a liquidity hub, asset launchpad, and value hub in the Scroll ecosystem. In fact, after Pencils Protocol received a $2.1 million investment from a series of investors, its valuation has been further improved to $25 million, but it is still seriously underestimated.
How to register a Pencils Protocol account and get verified?
Step 1: Go to the PenPad official website (pencilsprotocol.io), link your wallet, click on the address, and select "Profile" in the drop-down menu.
Step 2: Click Verify to complete verification through Google, Github, or Twitter.
Step 3: Click Submit and pay the gas fee to complete the on-chain verification. The whole process takes about 3-5 minutes
Note: Your verification will only be considered valid once it has been processed on-chain.
