Season 1 Rules

***Season 1 ended on March 3, 2025***

TeaTime, Teahouse Finance's Tea Points event, is designed to reward our dedicated users and pave the way for future airdrops. The accumulated Tea Points at the end of the campaign will be used to calculate the amount of governance tokens users will receive when Teahouse starts issuing its tokens.

These rules outline what Tea Points are and how you can accumulate Tea Points for rewards. There is a lot of information here, so please read through carefully!

If you haven’t started yet, here is the portal to the TeaTime event: https://points.teahouse.finance/

What are Tea Points?

The Tea Points system operates off-chain and is designed to measure user participation and interaction with the Teahouse platform. Tea Points serve as a measure of user activity.

In Season 1, starting from June 26, 2024, users can earn Tea Points based on their level of engagement. These points will be tallied at the season’s end. The total Tea Points earned by users will determine the amount of Teahouse’s governance tokens they will receive in the future.

How to Earn Tea Points?

To participate in the TeaTime event, simply connect your wallet to view your Tea Points and start engaging. The more active you are, the more Tea Points you’ll earn, increasing the amount of Teahouse governance tokens you will be entitled to when they drop.

During the Tea Time event, there are three types of Tea Points that you can earn: Base Points, Boosted Points, and Bonus Points.

Read more about the different types of points in the tabs below:

Base Points

Base Points are calculated according to the total amount of Teahouse’s ShareTokens you hold. ShareTokens are received when you deposit liquidity into any of Teahouse’s LP/Portfolio/Managed vaults, or Easy-Earn pools.

Note: Managed Vaults’ ShareTokens will still be calculated as Base Points for this season. However, as we are phasing out Managed Vaults, please transfer any funds you may have in Teahouse’s Managed Vaults to our Easy-Earn or LP/Portfolio Vaults.

Here is an example of the ShareTokens held by this user in this vault.

Simply put, to earn more Base Points, you will need to provide more liquidity to any of Teahouse’s LP/ Portfolio vaults or Easy-Earn pools.

What’s more, your Base Points will slowly increase during the entire duration of the season. For example, if User A received 100 ShareTokens from providing liquidity on Day 1 of the season, and User B received 100 ShareTokens from depositing on Day 5, User A will receive more Base Points at the end of the season, despite having the same amount of ShareTokens.

This means the earlier you deposit, the more Tea Points you can accumulate!

Note: If you provided liquidity to Teahouse LP vaults through our partners (such as via Pancake’s interface) or staked your ShareTokens with our partners (e.g., on Nile), your Tea Points for this portion won’t be visible until the end of the season. Don’t worry, these points will be tallied and accounted for at the end of the current season.

Another note: Converting ShareTokens to Tea Points is not simultaneous; it may take some time for the updated balance to reflect on your Tea Point dashboard.

Bonus Points

Finally, we have Bonus Points. These points are separate from Base Points (which are based on the amount of ShareTokens held) and cannot be boosted.

Bonus Points for Season 1 are mainly given to long-time community members who have been an essential part of Teahouse’s community. The tasks or achievements required to receive bonus points come from their active participation in past Teahouse events and campaigns.

Here are some more details about the three main types of Bonus Points you can get.

HighTable OG NFT, VIP NFT, OG Key Holder, and VIP Key Holder For holders of these four types of NFTs, the points shown on the right refer to the accumulated or total Bonus Points a user will receive for holding one or more of these NFTs. For example, if a user holds 3 VIP NFTs (regardless of the NFT’s HighTable profession), they will receive 3x points for holding 1 VIP NFT. This means the more NFTs you hold, the more Bonus Points you get. (You CAN still acquire more OG or VIP NFTs, though. *wink* *wink*)
Galxe campaign NFTs and OATs For Galxe campaign NFTs and OATs, the system detects the wallet that completed the campaign. If you’ve moved or sold your Galxe NFT or OAT to another wallet, you are still eligible for the points. Make sure to use the wallet that participated in Galxe events to participate in TeaTime to get these points.
Legacy ShareTokens Holder Users previously holding Teahouse’s ShareTokens in their wallet will receive corresponding Bonus Points. These include all ShareTokens held before Season 1. However, unlike Base Points, these Bonus Points do not increase over time. To boost your total Tea Points, deposit into any Teahouse LP/Portfolio Vaults or Easy-Earn pools to earn Base Points, which will grow over time.

If you missed out on previous Teahouse events, don’t worry! Keep an eye out for upcoming events and campaigns. Teahouse will be rolling out new opportunities that will allow you to earn Bonus Points. Don’t miss out on the chance for more Tea Points in this season and future seasons!

Leaderboard

You will find our leaderboard for the season at the bottom of the page. Participants can compete for top positions to win more rewards. What’s important is that top-ranking participants will receive higher rewards in Teahouse’s governance tokens, not additional Tea Points!

We plan to reward the top-ranking participants using a proportional-based payout structure, where the amount awarded will depend on the number of entrants.

Note: Wallets owned and operated by Teahouse Finance are not included in the leaderboard rankings, ensuring a level playing field for all participants.

IMPORTANT

Please make sure your HighTable NFTs are in your wallet just before the season ends to ensure they boost your points and you receive all eligible Bonus Points. This is required to properly calculate and credit your Boosted Points and Bonus Points in the final tally.

Last updated 1 year ago

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