Season 1 Rules
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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/
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.
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 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.
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.
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.
