Airdrop (season 3)
We want to motivate our community to participate in the launch of Cadabra and provide extra rewards beyond the core features offered by the platform.
We plan to distribute ABRA utility tokens among community members who contribute to the growth of our ecosystem.
How Cadabra Points (pABRA) Work
Cadabra Points (pABRA) are designed to measure community members' contributions and are awarded for on-chain activities that generate earning. Points are awarded for core mechanics of our platform such as investing in strategies, locking, participating in voting, and building the referral team.
Our goal is to fairly distribute tokens by evaluating each participant's contribution through pABRA points. When the airdrop occurs, points will be converted into ABRA tokens proportionally. For example, a participant with 2000 points will receive approximately twice as many ABRA tokens as a participant with 1000 points. All rewards will be distributed in ABRA tokens.
The airdrop of ABRA tokens is expected to take place around three months after the official launch of Cadabra 2.0, although this period may change due to internal and external factors. The team intends to distribute no more than 86,941 ABRA tokens (approximately 10% of the three-month emission).
How to Earn Cadabra Points (pABRA)
The main goal of distributing Cadabra Points is to motivate the use of all platform features at an early stage, encouraging active community involvement. We want users not only to learn about all the functions of Cadabra but also to begin using them in practice and earn yield, exploring and testing the platform's new tools. This allows users to gain the most from early participation while helping the platform grow, making it more stable and attractive for everyone.
We have added opportunities to earn pABRA through almost every earning options available on the Cadabra platform:
Investing in Strategies: Provide liquidity to strategies and earn yield in ABRA. Earn pABRA for every dollar of liquidity provided.
Locking ABRA: Lock ABRA to participate in voting and earn rewards for locking. Earn pABRA based on the lock period; the longer the lock, the more pABRA earned per ABRA token locked.
Active Voting: Vote for strategies and underlying yield sources to receive rewards from underlying protocols. Vote and earn pABRA.
Building a Team: Build your team and receive referral rewards in ABRA. Additionally, earn pABRA based on the points earned by your team.
General rules
Calculation and accrual of points occurs every 10 seconds
USDT equivalent is calculated based on the price of tokens at the time of calculation
(1) Depositing to Strategies
Depositing to strategies allows you to earn yield, and during the first few months you can also earn pABRA points.
Every $10 USDT invested earns 1 pABRA per day.
For the USDT/ABRA Liquidity Pools, the number of pABRA earned is doubled — every $10 USDT invested earns 2 pABRA per day.
(2) Locking ABRA
All locked ABRA earns rebase rewards. Additionally, the obtained veABRA unlocks extra earning opportunities - by voting for strategies and underlying yield sources, users can earn rewards from underlying protocols.
Every $10 USDT locked earns between 3 to 300 pABRA per day.
To incentivize longer locking periods, we use boosting multipliers:
>= 30 days
3
>= 90 days
5
>= 180 days
10
>= 1 year
20
>= 2 years
50
4 years
100
(3) Voting
Active voting yield rewards from underlying protocols — by voting for strategies and underlying yield sources, users can earn Underluing Protocols Rewards
All users who voted for a specific strategy will receive the same amount of the pABRA earned by liquidity providers in that strategy during the next epoch. The share of collected points for each user is proportional to the share of his votes, and those shares are calculated for each source of income separately.
Points are distributed in a manner similar to voting rewards — votes cast in the previous epoch influence on point distribution in the current epoch. However, unlike voting UPR, point allocation occurs continuously every 10 seconds rather than all at once. Thus, every 10 seconds, points for providing liquidity to the strategy are calculated and the same amount is distributed proportionally among those who voted in the prior epoch.
(4) Referral Points
Users earn referral rewards for direct referrals, second-level referrals, and team bonuses based on a binary team structure.
In addition to ABRA referral bonuses, users also receive pABRA based on their referral rank. Referral points are awarded based on the pABRA earned by their team, which includes points from strategy investments (1), locking (2), and voting (3).
ABRA
<300
>=300
>=5000
>=15000
First level
5%
10%
15%
20%
Second level
0%
5%
10%
15%
Team bonus*
0%
5%
10%
15%
*The team bonus for airdrop points is calculated similarly to the main team bonus—it is awarded based on the weaker team in the binary referral tree, defined as the team that earned fewer pABRA during the calculation period (10 seconds).
Examples
Suppose a user invests $10,000 in the StableCoin Strategy (APR = 15%) and $1,000 in the Liquidity Pool ABRA (APR = 30%). The user also locks ABRA tokens equivalent to $1,000 for 2 years and receives a rebase (APR = 5%). Additionally, the user actively votes and earns an APR of 40% through voting.
Let's calculate how much pABRA the user will earn over 30 days:
Investing in Strategies: user will earn 1,200 pABRA (1,000 from StableCoin + 200 from LiquidityPool).
Locking: user will earn 500 pABRA (multiplier of 5 for a 2-year lock).
Voting: Suppose the user votes for the StableCoin Strategy, and their share of votes is 1%. All users who invested in the strategy earned 100,000 pABRA. Thus, the user earns 1000 pABRA.
Referral Points: The user has a referral structure of 6 people, is ranked as Mage, and each referral earned 1000 pABRA. The user earns the following:
600 pABRA from first-level referrals.
200 pABRA from second-level referrals.
200 pABRA as a team bonus.
User 1
1
Left
150
User 2
1
Left
150
User 3
2
Left
100
User 4
2
Left
100
User 5
1
Right
150
User 6
1
Right
150
The left team (referrals 1, 2, 3, and 4) earned 4000 pABRA. The right team (referrals 5 and 6) earned 2000 pABRA.
Thus, the team bonus is calculated based on the right team and equals 200 pABRA, or 10% of the weaker team's earnings.
In total, the user will earn 3,700 pABRA in 30 days, which includes 1,200 pABRA from the referral program.
Limitations
The Cadabra team may revise the rules for awarding points as necessary to prevent misuse or fraudulent actions, ensuring fair participation and integrity within Airdrop Season 2.
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