Renzo ezPoints, EtherFi points and Kelp Miles (future) distribution(s)

$REZ Distribution for Renzo ezPoints Season 2

We are excited to announce the distribution of $REZ tokens for Renzo ezPoints Season 2 to our users who deposited in Clip’s single asset ETH pool on Mendi Finance.

Read in our initial post a description how our leveraged looping ETH strategy works.

How will we distribute Renzo ezPoints for Season 2?

For Renzo ezPoints Season 2, Clip Finance has been allocated a total of 2720 $REZ ($0.06/REZ on 31st of July) to distribute among users who deposited into Clip’s single asset ETH pool built on top of Mendi Finance.

Unfortunately because we started building this strategy while Season 2 was in place, our users can’t claim themselves but we have to claim directly of our contract strategy and distribute manually.

For Season 3 we are talking with Renzo team where they would do integration with us and our users can claim directly Renzo’s Season 3 $REZ.

Reward Distribution Timeline

All the 2720 $REZ tokens allocated to Clip Finance for Renzo ezPoints Season 2 were swapped to 0.049454545454545 ETH at the rate of $0.06 per REZ and it (2720 * $0.06 / $3,300) will be distributed to all the eligible users on 6th of September with balances snapshot taken on 6th of September at the moment of distribution.

Updates on EtherFi points

Unfortunately EtherFi points will not be distributed as team at Mendi has told us. It is out of our control and we can’t do anything here. If Mendi’s ETH is not receiving the points, then there is nothing for us to claim for you.

Kelp Miles collection

Kelp Miles distribution has not been announced yet by Kelp team, but we are keeping an eye on it and actively farming points for you with 2.6x multiplier. Read our previous post on how it calculated.

Exciting Opportunities Ahead: Upcoming Intent Solver Pools

We are also thrilled to announce our upcoming Intent Solver Pools, where users will have the opportunity to potentially earn double-digit APY. Don’t miss out on the chance to be among the first to access these solver nodes. Read more here and subscribe now for early access: Sign up here.