We’ve updated the Spice distribution rules to focus more on minting satUSD and using SolvBTC.BBN as collateral. These changes make minting satUSD more rewarding, with extra benefits when using SolvBTC.BBN!
What is BOB Spice?
BOB Spice is a reward system for BOB ecosystem early adopter. Users can earn Spice by participating in various DeFi activities, such as stake BTC, mint satUSD, provide liquidity & trade on DEX, supply assets on lending.
Within the Satoshi Protocol, actions like depositing BTC, tBTC, and BTC LST, and minting satUSD will make users eligible to share BOB Spice.
BOB Spice Final Season
In Season 2, BOB Fusion reached $135M in TVL, 153k+ users, 60+ launched projects, and 10M+ transactions.
Season 3 is the final chance to earn Spice. Features include community voting, referrals, and stacking points with partners from Satoshi Protocol and BTC LSD Protocol.
Early bird bonuses are available for those who start harvesting before BOB’s TVL hits $75M.
How to Earn Spice
- Minting satUSD now accounts for 65% of the total Spice rewards. This is now the main way to earn Spice rewards.
- Reserved Pools: 20% of the total rewards are reserved for users who mint and use large amounts of satUSD.
- Swapping USDT/USDC for satUSD: 10% of the rewards will be given based on swap volume.
- Stability Pool: 5% of the total rewards are allocated for users who deposit satUSD into the Stability Pool.
Special Multiplier for SolvBTC.BBN
By minting satUSD using SolvBTC.BBN as collateral, you’ll receive an impressive 9x multiplier on your Spice rewards
To celebrate this update, we are hosting a 1M spice incentive for the first 100 addresses that mint 100 satUSD with SolvBTC or SolvBTC.BBN on a first-come, first-served basis.
Mint satUSD with solvBTC.BBN → https://youtu.be/GnTPXZjcrHo?si=OfS74BLxgUhdHJjf
Community Voting
We’re proud to share that Satoshi Protocol ranked #1 in the BOB Community voting with an outstanding 1.6 billion votes!
Thank you for your unwavering support! With this achievement, we will distribute 100% of the Spice rewards proportionally to all voters once they are confirmed. Please stay tuned for updates on the distribution.
What You Should Do Next
- Mint satUSD using BTC, tBTC, or SolvBTC.BBN to earn from the 65% reward allocation.
- Use SolvBTC.BBN as collateral to unlock the 9x multiplier on your rewards.
- Deposit satUSD into the Stability Pool to earn from the 5% allocation.
- Swap USDT/USDC for satUSD to earn from the 10% allocation.
How to use your satUSD
satUSD is a Whitelisted Asset on BOB, so Earn Up to 3x Spice by Lending or Providing Liquidity.
Supply on Lending
Supply your satUSD on Segment Finance to earn extra points and 3x Spice rewards.
Provide Liquidity on DEX
Provide satUSD liquidity on Sovryn and Oku to earn trading fees and 3x Spice rewards
Reserved Pools
The 20% Reserved Pools will be utilized to:
- Incentivize satUSD use cases such as liquidity provision or lending.
- Reward specific campaigns.
- Offer bonuses for key contributor
Updated Spice Distribution Breakdown
- Minting satUSD: 65%
- Swapping USDT/USDC: 10%
- Stability Pool: 5%
- Reserved Pools: 20%
Conclusion: Act Now to Maximize Your Rewards
Now’s the time to fully leverage these updates! Whether you're minting satUSD, utilizing SolvBTC.BBN for that incredible 9x boost, or actively engaging in our Stability Pool, the new structure offers even more opportunities to earn and grow within the Satoshi Protocol.
Stay engaged and explore all the ways to earn Spice as we roll out the final season of BOB Spice rewards!
