USDe Boost APY FAQ
What is USDe Boost APY?
USDe Boost APY is a promotion to celebrate the launch of Ethena staking on TON. In addition to the regular Ethena USDe staking APY, eligible users will receive Boost APY in Toncoin, increasing the total APY up to 20%.
How to get USDe Boost APY
- Open your wallet.
- Complete verification via the TON ID Mini App and claim your verification badge. The badge will be issued within 24 hours after claiming.
- Once your TON ID Badge is issued you will be eligible for Boosted APY. Hold tsUSDe in your wallet or deposit in one of the supported DeFi protocols: Stonfi, Evaa, Affluent, FIVA.
How Boost APY is rewarded
Boost APY is calculated for every 7 day period (weekly) and will be distributed max 96 hours thereafter. The reward will be paid in TON and arrives as an incoming transaction to your TON ID verified address. You can use the reward immediately without any restrictions.
The minimum weekly reward paid is 0.1 TON. If your reward is less than 0.1 TON, it will be accumulated and paid in a future week once the threshold is reached.
How much Boost APY will I receive?
The Boost APY will last for 4 weeks at a fixed rate of 10% APY. The starting date is September 26th, and the end date is October 24th at which point the campaign will be reassessed.
Where can I check my current Boost APY reward?
Currently information about your current earn Boost APY reward is not available. This function will be added soon.
What is the maximum stake amount for Boost APY?
Even though Ethena USDe staking has no reward limit, Boost APY is only applied to the first 10,000 tsUSDe that you hold in your wallet and the first 20,000 tsUSDe that you deposit in DeFi Protocols. Note that the sum of your deposits that are eligible for the boost is 20,000 tsUSDe. For amounts above the limit in either your wallet or DeFi deposit, you’ll receive only the regular Ethena APY and not the Boost APY.
For example,
- If you hold 10,000 tsUSDe in your wallet, you will receive Ethena APY + Boost APY on the whole amount;
- If you hold 10,000 tsUSDe in your Wallet and deposit 10,000 tsUSDe in Affluent, you will receive: Ethena APY + Boost APY for your whole wallet balance and Ethena APY + Boost APY + Affluent Yield on your whole Affluent Deposit;
- If you hold 15,000 tsUSDe in your Wallet and deposit 15,000 tsUSDe in Affluent, you will receive: Ethena APY + Boost APY for the first 10,000 tsUSDe in your wallet and Ethena APY + Boost APY + Affluent Yield on the first 10,000 tsUSDe of your Affluent Deposit. The extra 5.000 tsUSDe in your wallet and in Affluent will not be earning Boosted APY, but will be eligible for all other sources of yield;
- If you deposit 20,000 tsUSDe in Affluent, you will receive Ethena APY + Boost APY on the whole amount.
Does successful verification via TON ID guarantee Boost APY?
You may not receive Boost APY for the following reasons:
- You have not met the criteria for Boost APY by failing TON ID verification.
- Your TON ID badge has not been issued yet.
- You have setup more than one account
- Your wallet has interacted with prohibited services
If you are certain that you met the criteria and should be receiving Boost APY, double-check all your wallet addresses for the relevant transaction.
Why am I not receiving Boost APY?
You may not receive Boost APY for the following reasons:
- You have not met the criteria for Boost APY by failing TON ID verification.
- Your TON ID badge has not been issued yet.
- You have violated the Boost APY Terms and Conditions.
If you are certain that you met the criteria and should be receiving Boost APY, double-check all your wallet addresses for the relevant transaction.
In which countries is Boost APY unavailable?
In certain jurisdictions, Boost APY may be unavailable and is subject to the organizer’s discretion.
- Afghanistan
- Central African Republic
- Democratic Republic of the Congo
- Democratic People’s Republic of Korea
- Eritrea
- Guinea-Bissau
- Haiti
- Iran
- Iraq
- Lebanon
- Libya
- Mali
- Somalia
- South Sudan
- Sudan
- Syria
- Yemen