Redstone Rewards Campaign

Overview

The Redstone rewards campaign allows users to earn RED tokens by supplying cbBTC on SparkLend (Ethereum Mainnet). The campaign starts April 10 at 15.00 UTC.

How to Participate

Supply cbBTC to SparkLend on Ethereum Mainnet (Link to market)
Maintain your supply position to earn RED rewards
Claim your rewards weekly (every Monday)

Incentivized actions are subject to change over time.

Reward Distribution

Rewards are distributed based on these key factors:

Weekly distributions of 200,000 RED tokens - subject to change over time.
Rewards accrue every second based on your share of total cbBTC deposits.
Your per second reward share is calculated using this formula:

User Share = (cbBTC Supplies - cbBTC Borrow Amount / cbBTC Liquidation Threshold) / Total cbBTC Supplies
Borrowing cbBTC will reduce your reward allocation
Looping (repeated borrowing and supplying cbBTC) is not rewarded
First distribution begins Monday, April 21st, 2025
Claims are available once per week (Every Monday).

Campaign Details

Campaign duration: 6 months with possibility to extend

Claim Deadlines

Users will have to claim their rewards within 3 months from issuance. Rewards not claimed within 3 months will expire, and cannot be claimed.
Stay updated for announcements regarding claim deadlines and remember to claim your rewards regularly.

Restricted Geographies

Users from the following countries will not be able to claim rewards: