World Liberty Financial (WLFI) has announced the upcoming launch of a loyalty program for USD1 stablecoin holders. The program will allow users to earn points by utilizing USD1 through partner platforms.
Purpose of the Loyalty Program
The USD1 loyalty program aims to encourage usage of the stablecoin within the WLFI ecosystem. The program is expected to provide direct benefits to USD1 holders, similar to loyalty programs from major brands in the United States like airline miles and hotel points earned through reservations and flights.
'USD1 Points Program is coming! We’re preparing to launch a new loyalty program built exclusively for USD1 — starting with selected partners,' reported WLFI.
How to Earn Points
USD1 holders will be able to earn points based on their participation in various activities on partner platforms. Each partner will provide details on eligibility criteria and how to earn points once the program launches.
While official information is limited at this stage, it's known that participants can earn points by trading USD1 pairs on selected partner exchanges and by maintaining USD1 in their balances.
Staking and Earning Opportunities
Additionally, users will be able to earn points by staking USD1 to earn yield on eligible platforms. Points can also be earned by using USD1 in approved DeFi protocols. Once the WLFI mobile app is released, users can earn points by engaging with the app's features.
Details on how points are calculated and awarded will vary by platform and will be announced soon.
The launch of the USD1 loyalty program by WLFI promises to provide additional incentives for users, contributing to the increased use of the stablecoin. The program is expected to make the earning process more accessible and understandable for USD1 holders.
