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Introducing $SUP Ecosystem Rewards for USND users
The Nerite protocol issues the USND stablecoin. USND is a streamable “super token” so you can send it linearly over time, making it great for grants, subscriptions, payments, and more using the Superfluid app. Money streaming features are possible because USND is built with Superfluid under the hood.
Our friends at Superfluid recently released the SUP token to govern the Superfluid protocol, and awarded a Season 2 Ecosystem Reward to Nerite. We love the Superfluid community and we’re very grateful for these tokens. 100% of the 4,746,384 SUP tokens Nerite has been granted will go to Nerite users, with a focus on rewarding USND users.
Starting today, every day for the next six months there will be SUP rewards available to claim for Nerite users on Superfluid here: https://claim.superfluid.org/
There are currently 2 ways to earn SUP rewards from Nerite:
Supply USND to any of the Nerite Stability Pools by depositing here: https://app.nerite.org/earn
Borrow USND from Nerite by opening a trove here: https://app.nerite.org/borrow
Claiming SUP creates a stream of tokens to you. You can also delegate your SUP to participate in Superfluid governance. Please consider delegating to the founder of Nerite, Cupojoseph.
Stability Pool deposits are weighted more heavily than borrowing at the moment, but exact weights may be tweaked as time goes on. Depositing into the Yearn-USND vault and minting yUSND also counts towards Stability Pool deposit weight. More ways to earn may be added in the future and will be clearly communicated. Since every claim contributes to your rewards stream, to get the most rewards, claim once a day.
Although Nerite is exclusively on Arbitrum and all our streaming features are available there, SUP token claiming is natively on the Base network.
You can also see the leaderboard for weights towards SUP rewards here: https://www.stack.so/leaderboard/leaderboard-40a3-78225-7739
What are you waiting for? Go claim those SUP rewards!
Go Slow.