Kingdom Points Program
KING points are a simple yet powerful way to reward and encourage everyone who participates in our ecosystem. The more you contribute and stay engaged, the more points you’ll earn. These points will play a crucial role in future reward distributions and community-based perks.
What Are KING Points For?
KING points reflect your overall engagement and dedication to the King Protocol. They will be taken into account when distributing potential future rewards. Specific details are still under wraps, but stay tuned as we continue to build out the ecosystem.
Existing Participants from LRT²
King Protocol originally started as a program under the LRT² protocol, built by Ether.fi. We will honor the current points system while simply extending it with additional ways to earn rewards for activities we want to encourage. This means that if you’ve already been earning LRT² points, not only will you continue accumulating them as before, but you now have new avenues to boost your earning rate even further.
For those who have been earning LRT² points under the previous system:
- Your existing points remain unchanged and serve as the base rate for the new King Protocol's points program.
- These legacy points recognize your long-term commitment and support of the ecosystem.
- Going forward, your previously earned points will continue to play a meaningful role in the King Protocol's ecosystem.
By respecting the points you accumulated through LRT², we honor the dedication of our earliest participants and ensure they continue to enjoy the benefits of their initial involvement.
How to Earn KING Points
Generating Actions: Minting & Holding KING
Minting and holding KING establish your base rate of point accumulation. As soon as you contribute to minting rewards and hold KING tokens, you begin earning points at this foundational level.
Holding Assets Which Earn KING
If you’re already holding assets that generate KING yield, you’ll automatically earn points. This recognizes your commitment to growing the protocol and rewards you for your trust in the system.
Holding KING
Simply holding your KING tokens in your wallet accrues points over time. The longer you remain a KING holder, the more points you can accumulate. This approach encourages all participants to maintain their stake rather than trade in and out.
Activities That Affect Your Earning Rate
Certain actions can increase or decrease the rate at which you accumulate points. These activities are cumulative—meaning the more qualifying actions you engage in, the higher your overall multiplier.
Providing Liquidity
Contributing liquidity (e.g., on Uniswap) raises your earning multiplier, rewarding you for helping to stabilize the KING market.Using KING as Collateral
Once live, depositing KING as collateral to borrow assets (like USDC) will grant you an additional boost, recognizing your deeper involvement in the DeFi ecosystem.Joining Our Community
Participating in our Discord—asking questions, sharing ideas, and helping others—increases your multiplier by contributing to a robust, active community.Following Us on X
Engaging with updates on X (@TheKingProtocol) further elevates your earning rate, ensuring you stay informed about protocol developments.Redemptions
Redeeming your KING tokens will lower your earning multiplier, reflecting a reduced level of participation.Withdrawals
Withdrawing any staked assets or exiting liquidity positions similarly decreases your multiplier, encouraging long-term commitment.
As we continue to evolve and expand the King Protocol's ecosystem, our Rewards Points' Program remains a vital component of our mission to reward and encourage participation. By understanding how KING points work and taking advantage of the various ways to earn them, you'll be well on your way to maximizing your rewards and contributing to the growth of our community. Stay engaged, stay informed, and get ready to reap the benefits of being an active member of the King Protocol's ecosystem.