W3P: ptsETH - Points DeFi primitive
Blog iconPaymagic Labs
Feb 29
Problem - Points are being adopted by many apps and protocols but users have little assurance they’ll ever lead to an airdrop. We need a trust system. Enter ptsETH - Projects lock up some amount of stETH, enter a claim date, and the contract issues a non-transferable $POINTS ERC20. The project has authority on the $POINTS contract to mass mint tokens (but not burn) to distribute points. Should be on a cheap L3. The project continues to build and grow its loyal user base. Before the claim date...

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