Early Adopter Program

The amount of points a user accrues by the end of each phase - including any LLT holdings - determines the amount for their airdrop.

1. Purpose

Define a clear, transparent path for the Looping Collective to reach $1 B Total Value Locked (TVL) across all Liquid Looping Products by rewarding contributors—users, builders and ecosystem partners—with unlocked $LOOP.

---

2. Scope

Applies to all ecosystem players in loopedHYPE (LHYPE) and other Looping Collective Products. Contributions to TVL, integrations, distribution, referrals, and building efforts all count toward program rewards.

---

3. Program Phases & Unlock Schedule

The Early Adopter Program uses a TVL milestone-based vesting mechanism.

Phase	TVL Target	Max % of $LOOP Unlocked (NOT CUMULATIVE)
1 - complete ✅	$5M	50M (5%)
2 - complete ✅	$50M	60M (6%)
3 *	$100M	70M (7%)
4	$200M	80M (8%)
5	$500M	90M (9%)
6	$1B	100M (10%)

• Total Pool: 45% of the total LOOP token supply

• The % of supply unlocked in each phase is not cumulative (i.e. Phase-3 is 7% of total token supply)

• Per-phase Unlock: Max Amount that becomes circulating once its TVL threshold is reached.

---

4. Point Accrual, stLOOP Multipliers & Snapshot

1. Daily Points Calculation

   Daily Points = Σ over products [ (LLT USD balance) × stLOOP multiplier ]

2. Multi-Product Aggregation Points from loopedHYPE, loopedETH, loopedBTC, etc. are summed.

3. Final Snapshot At each phase’s TVL target, the cumulative number of points from that entire phase — including any LLT holdings — is snapped to determine the airdrop amount.

---

5. Distribution Mechanics

1. Pro-Rata Allocation

   Contributor’s Airdrop = (Contributor Points) ÷ (Total Points)

2. Vesting Schedule (TBD)

   • Phase 1 had a 100% unlock at TGE

   • For phase 2 onwards, there will be 50% unlocked at TGE, and the remainder after 6 months, and only if the protocol's TVL is still above the phase's TVL target

---

6. Eligibility & Recipients

• Users staking and holding LLTs

• Builders integrating or extending products

• Ecosystem partners providing infrastructure, distribution, or liquidity All unlocked $LOOP is distributed across these groups in proportion to points accrued.

---

7. Next Steps

1. Stake LLTs across any Liquid Looping Product

2. Contribute to LLTs by integrating, distributing, referring, and growing the ecosystem

3. Accumulate daily points through your combined balances

4. Monitor TVL milestones

5. Receive your share of $LOOP and become a partial owner of the Looping Collective