Today I saw an airdrop project with relatively few people. I feel it has potential. I missed Pendle in the Ethereum ecosystem. Can this project make up for it? No investment advice. Please decide for yourself whether to operate it!
Project Description
Master Protocol is known as the native re-staking protocol of [Eigenlayer+Pendle] in the Bitcoin ecosystem.
The LST and Restaking protocols of the Bitcoin ecosystem have sprung up like mushrooms after a rain. It is crucial to have a market that can price these Wrap interest-bearing assets and interest rate swaps for the Bitcoin ecosystem. The Master Protocol integrates BTC ecosystem income assets to become the cornerstone of Bitcoin ecosystem income.
Project Investors
Master Protocol announced the completion of angel and partial seed round financing, with a valuation of US$25 million. Cogitent Venture, Token Metrics, CSP DAO, FounderHeads and others participated in the investment.
Project gameplay
1. Deposit BASE_ETH and purchase directly through OKX cross-chain bridge. The fee is very low and the operation is simple.
2. Buy a Master Yield Pass. Also use the OKX wallet. Search for Master Yield Pass in the market and go to the shopping cart to buy it. The current price is around 5U. You can buy one per account. If you are optimistic about the future increase, you can buy more.
3. Go to the official website to pledge Master Yield Pass. Benefits after staking:
a) You can get 3 times the transaction points
b) Unlock your personal referral code. If you don’t pledge, you won’t be able to recruit people.
Official website address and my referral code: https://campaign.masterprotocol.xyz/myp/referral/?referralCode=3SSZ3
You need to confirm and agree multiple times. The feedback of pledge is slow and may be in PENDING status. Just wait, but it does not prevent you from creating an invitation code.
4. Create an invitation code
Click referral, create your own invitation code, and fill in your inviter, so that you can get 0.5 times the inviter's points reward, and both parties can get the mysterious box. As an invitee, if you have not pledged, you need to trade at least 100 USDT to open the box.
5. Transaction Points Calculation
Trading points = total trading volume * point increase rate (3x increase for stakers, 1x for non-stakers)
Assuming the total transaction amount is 1000 USDT, the staker's points are 3000 and the non-staker's points are 1000.
The specific trading method is basically the same as Pendle.
6. Calculation of referral points
Only pledgers can have referral points. Daily automatic mining can earn 200 points, which can be stacked with invitation buffs.
Assume that A invites 50 stakers (2% bonus) and 100 non-staking users who meet the 100 USDT trading volume requirement (1% bonus), and A also joins B as an invitee (0.5 bonus), and B currently has a 20% point reward, then A's daily points are
200×(1 +50×2%+100×1%+0.5×20%)=620 points
The specific gameplay and rules are introduced here. How to maximize profits depends on your risk preference.
