SHIFT Tiger Points (Season 1)
Loyalty system for Coinshift users
Last updated
Loyalty system for Coinshift users
Last updated
The Tiger Points Program is a loyalty system for Coinshift users, designed to reward engagement and provide exclusive benefits within the Coinshift ecosystem. We are excited to announce the launch of Season 1, running for 60 days from October 7, 2024, 11:59 PM UTC to December 7, 2024, 11:59 PM UTC.
Coinshift is a 1:1 SAFE smart account that combines traditional finance security with DeFi. It's your gateway to Real World Assets (RWAs) and DeFi apps, offering exceptional UX, unmatched perks, and ironclad security.
Coinshift has partnered with Paxos International's Lift Dollar (USDL), a regulated stablecoin offering up to 5% APY, and Turtle Club, the protocol that offers exclusive boosted rewards to DeFi users. Users earn upto 7x Tiger Points, Turtle Points, and USDL yield.
What Are Tiger Points?
Tiger Points are Coinshift's loyalty rewards, unlocking exclusive benefits and ecosystem privileges for users.
Turtle points represent a user's contribution to the Turtle DAO. The calculation is based on the amount of revenue the LP has generated for the DAO in protocol partnership fees and will result in the LP's share of $TRT upon TGE event. Learn more here.
Every Coinshift user eligible for Tiger points will get Turtle boosted points exclusively, thanks to the unique partnership between Coinshift and Turtle Club.
How does the Turtle Club benefit Coinshift users?
Every Coinshift user is automatically a member of the Turtle Club. This means you'll receive boosted Turtle points on your USDL holdings without any additional sign-up process. Coinshift contributes a 50% booster to the TurtleDAO for all USDL holdings, enhancing your potential to earn Turtle points.
Deposit USDC - Send USDC to your self-custodial Coinshift account on Ethereum mainnet.
Buy USDL - Swap USDC to USDL using ParaSwap and earn 10,000 Tiger Points.
Hold USDL - Hold at least 100 USDL to get up to 7x boosted Tiger Points.
USDL
3x
5x
7x
USDL Holdings:
1,000 USDL held for 60 days
Initial 30 days: 1,000 * 30 * 3x = 90,000 points
Day 30 boost: 90,000 * 5/3 = 150,000 points
Next 30 days: 1,000 * 30 * 5x = 150,000 points
Day 60 boost: (150,000 + 150,000) * 7/5 = 420,000 points
Total: 420,000 Tiger Points
Coinshift has integrated major dapps, such as Morpho, Pendle, , and more, to offer boosted rewards.
Each partner may offer unique reward structures.
Dapp Partner Example
Using Morpho through Coinshift offer a 2x boost on Tiger Points earned from assets supplied to Morpho.
Stay tuned for specific announcements on Twitter and Discord for each partner's reward structure.
