Mechanism
Last updated
Last updated
Surfboards are in-app items that users can mint using SURF Points or PEARL. Once a user purchases a Surfboard, they can earn BAY daily by clicking the "Claim" button in the Marina Protocol app. Unclaimed BAY will be classified as reserve stock and burned. BAY that is not claimed will not be compensated by the foundation. Users can hold a maximum of 15 Surfboards, and based on their holdings, they are assigned to different Leagues. The amount of BAY allocated daily varies depending on the League, and the BAY for that League is distributed proportionally among the users in that League.
Users are assigned specific leagues based on the number of Surfboards they own:
VIP
15
50%
Platinum
14
20%
Gold
11-13
20%
Silver
6-10
9%
Bronze
1-5
1%
VIP: Users with 15 Surfboards will receive 50% of the daily BAY release, which will be distributed proportionally among all VIP users.
Platinum: Users with 14 Surfboards will receive 20% of the daily BAY release.
Gold: Users with 11–13 Surfboards will receive 20% of the daily BAY release.
Silver: Users with 6–10 Surfboards will receive 9% of the daily BAY release.
Bronze: Users with 1–5 Surfboards will receive 1% of the daily BAY release.
When the total number of minted Surfboards is between 1 and 99,999, only 10% of the daily BAY release will be distributed, and the remaining 90% will be allocated to reserves. When the total number of minted Surfboards is between 100,000 and 999,999, 20% of the daily BAY release will be distributed. When the total number of minted Surfboards is between 1,000,000 and 4,999,999, 50% of the daily BAY release will be distributed. Once the total number of minted Surfboards exceeds 5,000,000, 100% of the daily BAY release will be distributed.
BAY distribution ratio via total minted Surfboards:
1 ~ 99,999
Release 10% of total
100,000 ~ 999,999
Release 20% of total
1,000,000 ~ 4,999,999
Release 50% of total
5,000,000+
Release 100% of total
This mechanism is designed to ensure that as more Surfboards are minted, the potential for individual rewards increases, creating a positive network effect.
