Outside Source
[PRESS RELEASE – Berlin, Germany, October 9th, 2024]
Nudge.xyz, the pioneering protocol behind the Re:allocation Primitive, has launched the Nudge Points App – the first DeFi app designed to reveal the hidden value in users’ wallets. Using a proprietary algorithm, the app assigns Re:allocation Points, serving as a proxy for future Nudge incentives users can unlock by strategically reallocating their assets on Nudge.xyz.
What Re:allocation Points Measure
In DeFi, assets, liquidity, and on-chain activity are scarce and critical resources. Nudge.xyz rewards users for re:allocating these resources through incentives known as Nudges. The Nudge Points App offers insights into users’ potential Nudge earnings, highlighting how value could be unlocked through re:allocation.
The app’s proprietary algorithm assigns Re:allocation Points based on the hidden value in a user’s wallet. Users are also ranked from “Air” (bottom 20%) to “Diamond” (top 10%), with both points and ranks playing a key role in the evolving Nudge ecosystem.
“The Points App is a major milestone for Nudge.xyz and DeFi,” said Markus Maier, CEO of Nudge. “It changes how users see their wallets, showing the potential value they can unlock through strategic re:allocation. This is the first step toward generating more value simply by shifting assets between protocols.”
How it works
All Web3 users holding tokens, providing liquidity, or engaging in onchain activities like trading or staking can earn points through the Nudge Points App. Points are calculated using Nudge’s Re:allocation Value algorithm, which analyzes asset types, usage, and on-chain activity, assigning points per category (e.g., Assets, Staking, LPing) and adding them to a total that determines the user’s rank.
Key Features of the Nudge Points App
- Re:allocation Points: A detailed estimate of the value users can unlock through Re:allocation and valuable in the future Nudge economy.
- Ranks: Users are ranked from “Air” to “Diamond,” with ranks also mintable as dynamic NFTs. Protocols can choose to give additional rewards to high-ranking community members.
- Points Farming: Invite friends and earn 20% of their Re:allocation Points.
- Future Rewards: Points will be redeemable for rewards and incentives within the Nudge ecosystem and beyond.
“With ‘Re:allocation,’ Nudge introduces a powerful way for users to unlock value from their digital assets, while giving protocols an innovative, scalable approach to attract and retain users,” said Sean, partner at FinTech Collective and Nudge investor. “The potential here is immense, and I’m excited to be part of this journey as Nudge reshapes the future of onchain economics.”
The Nudge Points App is now available to users looking to find their Re:allocation Value and lead this new value-creation paradigm. For more information, readers can visit Nudge.xyz.
About Nudge
Nudge.xyz has the potential to maximize the value of crypto assets through Nudges—reallocation incentives encouraging users to reallocate assets, liquidity, and activity. The team’s mission is to empower users, driving efficiency and growth in Web3. Readers can stay tuned on the team’s X account for updates.
This article first appeared at CryptoPotato
