TL;DR: Pre-mine program ends Aug 11 (your earned TMX is safe forever!). New Tier & XP system launches with fee rebates for loopers + extra yield for lenders. Better rewards, more fun! 🎉

🎯 What's Changing

Your earned TMX stays yours forever - check your balance on the leaderboard anytime. But after Aug 11, we're switching from TMX rewards to our new Tier & XP system!

🔥 Tier System = Cashback for Loopers

Loop hard this week → Get rebates for your loops next week. That's the game!

To be perfectly clear, you earn a fee rebate based on your Tier when the leverage transaction happens. For example, Alice finally touches grass, comes back, and apes $1,000 on the Leverage page this week. Next week, she trades on the Leverage page and gets 10% of her fees back. Alice is happy. Be like Alice. 

⚡ XP System = Extra Yield for Lenders

Earn XP through:

• Lending (main way) - direct lending or via vaults
• Daily check-ins
• Trying new features
• Referring friends
• More quests dropping on our X 👀

As for the utilities of XP, you will be able to claim your share of airdrops around our TGE. While we can’t put an exact % of tokens that will be given to XP holders, the total allocation for airdrops is 6% (including campaigns like Pre-Mine) - take that at your will.

Additionally, XP holders can share the floating interests from our funds. You might wonder - what does that mean? 

If you follow us closely, you probably know that we’ve been working on a function that allows users to earn Aave’s rate while their orders are waiting to be matched - this applies to both lenders and vault depositors. To kickstart our protocol, we have signed deals with several funds and market-makers, utilizing their funds in vaults managed by us. You, as an XP holder, will share the Aave interest from those funds. 

🤔 But Why Change Now?

Real talk: We've been throwing ~150k TMX at you daily like we're making it rain, but after yeeting ~0.5% of tokens into the void, the vibe was... not it. Time to actually ship something that hits different! 💀

Pre-mine → Tier & XP switch gives you:

• Loopers earn weekly fee rebates (build volume this week, save next week!) ✅
• Lenders earn extra yield from fund partnerships ✅
• Everyone gets better incentive alignment ✅

Instead of slow TMX accumulation, you get weekly rebates + interest + future airdrop potential.

📅 Timeline

Aug 11, 00:00 UTC - Pre-mine Ends

• No more TMX rewards for FTs/vault shares after this
• You don't need to do anything - your TMX is already yours!
• Everyone starts at Tier 0 with $0 weekly accumulated leverage 

Starting Now

• You can already earn XP through quests on the leaderboard
• Keep lending, keep looping - it all counts retroactively since the pre-mine’s conclusion

Coming Soon™

• Tier & XP metrics will show on the UI (we'll announce when live)
• Aave idle-funds feature still in audit - but you can accumulate your XP in the meantime!

🚨 FAQ

Q: Do I lose my earned TMX?
A: Nope! All your earned TMX stays yours forever.

Q: Can I still earn TMX after Aug 11?
A: No - we're moving to XP instead! But XP gets you an airdrop allocation at TGE.

Q: When can I claim XP rewards?
A: After our idle funds earning floating rates feature goes live (post-audit).  More XP to stack until then!

Q: When can I claim my fee rebate?
A: We will announce the details when ready, which should cover the cadence between each claim, on which chain, and how to do it.

🎬 Next Steps

1. Keep lending or clearing quests to rack up XP 📈
2. Loop more this week to hit higher tiers 🔄
3. Follow us on X for quest drops and updates 🐦
4. Refer your degens for bonus XP 🤝

⏰ Only a few days left in pre-mine - maximize your TMX before the switch!