# Early Adopter Program

The amount of LOOP points a user accrues by the end of each phase - including any LLT holdings - will determine 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 Looping Collective Products (LHYPE, WHLP etc). 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. 

<table><thead><tr><th width="200">Phase</th><th width="200">TVL Target</th><th>Max % of $LOOP Unlocked</th></tr></thead><tbody><tr><td>1 - complete ✅</td><td>$5M </td><td>50M (5%)</td></tr><tr><td>2 - complete ✅</td><td>$50M</td><td>60M (6%)</td></tr><tr><td>3 *</td><td>$100M</td><td>70M (7%)</td></tr><tr><td>4</td><td>$200M</td><td>80M (8%)</td></tr><tr><td>5</td><td>$500M</td><td>90M (9%)</td></tr><tr><td>6</td><td>$1B</td><td>100M (10%)</td></tr></tbody></table>

* **Total Pool**: 45% of the total LOOP token supply
* Each phase distributes the stated percentage of the **total token supply**, not a percentage of the remainder. (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\
  \&#xNAN;*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

&#x20;


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