> For the complete documentation index, see [llms.txt](https://docs.loopingcollective.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.loopingcollective.org/loop-utility/early-adopter-program.md). # 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.
PhaseTVL TargetMax % of $LOOP Unlocked
1 - complete ✅$5M50M (5%)
2 - complete ✅$50M60M (6%)
3 *$100M70M (7%)
4$200M80M (8%)
5$500M90M (9%)
6$1B100M (10%)
* **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