# Introducing xEBISU By [Ebisu Finance](https://paragraph.com/@ebisu-finance) · 2025-09-02 --- ### TL;DR > xEBISU is tokenized a non-transferable point redeemable 1:1 for EBISU. The xEBISU campaign is our take on points designed to align protocol growth with user incentives. * **2,750,000 xEBISU** for Ebisu users on Ethereum * **2,750,000 xEBISU** for Ebisu users on Plasma * **4,500,000 xEBISU** for Liquity v2 BOLD users * **100,000,000 EBISU** Total Token Supply * * * ### Why? The purpose of xEBISU is to **recognize early users who contribute to bootstrapping Ebisu’s growth**. The true value created by Ebisu’s fixed-user-set-rate model can only be unlocked if ebUSD has deep liquidity and adoption across DeFi. The campaign is intentionally designed to be non-dilutive, and when paired with exogenous incentives from partner protocols, it enables us to guide user behavior in ways that align with sustainable protocol growth. ### Key Goals * Scale ebUSD supply via fixed-rate loans * Keep Stability Pools well funded to guarantee smooth liquidations * Deepen ebUSD liquidity across DEXs * Support ebUSD’s $1 peg * Build ebUSD’s monetary premium through integrations and adoption ### How to Earn xEBISU? Ebisu’s [Metrom Dashboard](https://app.metrom.xyz/en/campaigns/lv2-points/ebisu) lists all incentivized venues with their multipliers. Any new venues will be announced via [Discord](https://discord.com/invite/cHNmskazx8) & [Telegram Announcement Channel.](https://t.me/Ebisu_Finance_Updates) ![](https://storage.googleapis.com/papyrus_images/ee6d07ab3377becb16589197ec432ec1373cfde8a639df6fada9a8ba477b567f.png) Multipliers reflect current priorities and will be changed based on the protocol’s needs. New venues to earn xEBISU will be added as ebUSD is integrated into more partner protocols. ### Honoring Our Commitment to the Liquity Ecosystem & BOLD Users Ebisu Money is built on robust foundations of Liquity v2 protocol. Furthermore, Ebisu has benefited tremendously from Liquity's support in design, security, and growth. To recognize the value Liquity and its community have provided: * **4,500,000 xEBISU** will be distributed to BOLD users over the next 9 months (a portion will be airdropped upfront to retroactively reward Liquity v2 usage starting in February). * **750,000 xEBISU** (from the 2,750,000 allocated to Ebisu Ethereum users) will be used to incentivize BOLD-ebUSD-USDC DEX liquidity on Ethereum over a maximum of 12 months starting from pool deployment. * **750,000 xEBISU** (from the 2,750,000 allocated to Ebisu Plasma users) will be used to incentivize BOLD-ebUSD-USDT DEX liquidity on Plasma over a maximum of 9 months starting from pool deployment. ### How Are xEBISU Airdrops Calculated? xEBISU is distributed based on users time-weighted participation in Ebisu, with early and consistent usage being rewarded most. xEBISU airdrops to Liquity v2 BOLD users are directly proportional to the scores on [Liquity’s v2 Leaderboard](https://dune.com/liquity/v2-leaderboard) ### EBISU Token The EBISU token represents ownership of Ebisu Money and all subsequent protocols developed by Ebisu Labs. * **Utility:** It is used to vote to direct “Protocol Incentivized Liquidity” (PIL), for governance of Ebisu Money and subsequent protocols, and for perks like protocol profit accrual and interest rate discounts for borrowers. **Value Accrual:** EBISU accrues value via a portion of protocol interest revenue directed towards buybacks, demand for governance rights and perks, and profits from future products. **Protocol Incentivized Liquidity:** Ebisu uses PIL as a transparent and sustainable way for incentivizing well-priced ebUSD secondary liquidity and to stimulate the growth of the ecosystem as a whole —as tokenholders see fit. A portion of protocol interest revenue is directed towards Stability Pools, the remainder is set aside to be allocated based EBISU stakers votes (PIL allocation currently managed by Ebisu Labs). PIL can be voted to be directed to any arbitrary contract address including DEX pools, EBISU buy-back contract, individual addresses, EBISU voters, ebUSD borrowers across lending markets etc. ### Roadmap **Short Term: Leverage & Yield** * **Competitive Leverage:** Attract borrowers with low-cost leverage and competitive, fixed-interest rates enabling capital efficient leverage looping and interest rate arbitrages. * **Solvency:** Maintain peg stability and solvency through incentivizing Stability Pool deposits and DEX liquidity using PIL, xEBISU, and exogenous incentives. * **New Collateral & Chains:** Onboard new collateral according to market demand and risk analysis. Deploy on Plasma. **Mid Term: ebUSD Adoption** * **Yield Bearing ebUSD:** Launch ebUSDs (tokenized Stability Pool), integrate with PT/YT yield trading venues. * **Integrations:** Scale ebUSD adoption through integrations: ebUSD isolated lending markets, yield aggregators. * **Monetary Premium:** Position ebUSD as a treasury asset and native yield source, integrated into DAOs, yield products, debit cards, and consumer utilities (eg. lotteries, payment networks, gamified savings. ### Track and Claim xEBISU View your xEBISU earnings here: [https://ebisu.money/xebisu](https://ebisu.money/xebisu) xEBISU will be airdropped biweekly. Referral link rewards will be included within your weekly xEBISU distribution. You do not have to claim your xEBISU weekly, your balance will remain claimable until TGE. Happy Fishing 🎣 * * * ### Links * **Use Ebisu Money:** [Product](https://ebisu.money/) * **Track xEBISU Incentivized Venues:** [Metrom](https://app.metrom.xyz/en/campaigns/lv2-points/ebisu) * **Claim xEBISU:** [Claims](https://ebisu.money/xebisu) * **Follow us on X**: [@ebisu\_finance](https://x.com/ebisu_finance) * **Join us on Discord**: [Discord](https://discord.com/invite/cHNmskazx8) * **Get Updates:** [Telegram](https://t.me/Ebisu_Finance_Updates) * **Fundraising Round:** [Announcement](https://x.com/ebisu_finance/status/1950570704258093395) --- *Originally published on [Ebisu Finance](https://paragraph.com/@ebisu-finance/introducing-xebisu)*