We are pleased to announce the launch of the BOB Spice Program under the Satoshi Protocol. This program is designed to reward users for their participation in the BOB ecosystem.
Overview of BOB Fusion and Spice
BOB Fusion is an initiative aimed at promoting user engagement and development within the BOB platform. The Spice Program allows users to earn Spice for specific actions, which can be used for various benefits within the ecosystem.
What is BOB Spice?
BOB Spice is a reward system within the BOB Fusion initiative. Users can earn Spice by participating in various ecosystem activities, such as trading on DEX, supplying, and lending assets.
Within the Satoshi Protocol, actions like depositing BTC, tBTC, and ETH, and minting SAT will make users eligible to share BOB Spice. These tokens can be accumulated and used for a range of benefits, including eligibility for future BOB airdrops and increased rewards within the ecosystem.
How to Earn Spice
You can earn Spice tokens through the following actions, each with different weight multipliers:
Deposit BTC, tBTC, and ETH
Allocated 50% of the total Spice rewards, with a weight multiplier of 5x.
Mint SAT
Allocated 10% of the total Spice rewards, with a weight multiplier of 1x.
Swap USDT / USDC
Allocated 20% of the total Spice rewards, distributions will be based on swap volume.
Reserved Pools
Allocated 20% of Spice tokens, reserved for significant SAT holders. Minting more SAT increases your chance of earning more from the reserved pool.
Example
- User A deposits $10,000 worth of BTC and earns 5x Spice.
- User B swaps USDC / USDC for SAT, Spice distribution will be based on his swap volume.
- User C deposits $30,000 worth of BTC and mints over 10,000 SAT, earning even more Spice from the reserved pool.
To earn more Spice, deposit more BTC, ETH, and tBTC, and mint more SAT than others.
This increases your chances of gaining a larger share of the reserved pool. Early participants benefit from higher multipliers, which will be gradually adjusted in the coming months.
Future Adjustments and Partnerships
The percentage of Spice rewards may adjust in the near future as Satoshi Protocol partners with more protocols to expand the scenarios of SAT. We aim to provide more efficient ways for you to earn Spice through diverse opportunities within the ecosystem.For example, the weight for minting the SAT may increase to 7x or more, surpassing the weight for depositing collateral.
This change would allow you to mint SAT, earn more Spice, and use it across various protocols. We are committed to boosting SAT scenarios in collaboration with the ecosystem to help you earn Spice in the most efficient way possible.
Getting Started with Satoshi Protocol on BOB
To leverage the power of Satoshi Protocol on BOB, follow these simple steps:
- Bridge your assets to BOB via official bridge
- Visit the Satoshi Protocol
- Navigate to Position page
- Select your preferred collateral (wBTC, tBTC, or wETH)
- Choose your desired SAT minting amount (minimum 10 SAT)
Video Tutorial : https://www.youtube.com/watch?v=d6mH4jSDhds
Receiving Your BOB Spice
Daily Basis: Spice is distributed daily based on your actions:
- Deposit BTC, tBTC, and ETH: 50% of total Spice, weight multiplier of 5x
- Mint SAT: 10% of total Spice, weight multiplier of 1x
- Swap USDT/USDC for SAT: 20% of total Spice, weight multiplier of 2x
- Reserved Pools: 20% of total Spice reserved for SAT whales
Check Your Spice Balance: To view your earned Spice, go to the Airdrop page and connect your wallet to see the current amount of Spice you have earned.
Conclusion
The BOB Spice Program is a key development in enhancing user engagement within the BOB ecosystem. We encourage all users to participate and take advantage of the rewards available. The more SAT you mint, the greater your chances of earning future BOB Spice.
