Tier determination

The tier of each user on Red Kite is determined by the total number of Red Kite points they own. Users can earn Red Kite points through the following ways:

1. Staking PKF, PolkaFoundry native token, on Red Kite. Each staked PKF will earn 1 Red Kite point.

2. Adding PKF-ETH to Uniswap V2 liquidity pool to get LP-PKF, then staking them to Red Kite. Each staked LP-PKF will earn 400 Red Kite points.

📌 25 Aug — Latest Updates: For Kusama Parachain Auction Batch 2 that starts on the 1st of September, we have now introduced a new crowdloan campaign HERE. Contributing KSM to the PolkaSmith crowdloan is no longer reward in Red Kite Points (RKP).

For example, John is staking 20,000 PKF and 40 LP-PKF

→ The number of Red Kite points John is owning = 20,000 + 40*400 = 36,000.

→ According to the Tier conditions, John is an Hawk

⚠️ NOTE: ANNOUNCEMENT ON TERMINATION OF LP-PKF STAKING

We would like to announce that the UNI-V2 LP-PKF pool will stop receiving LP-PKF staking. This policy is applied from 11:00 AM UTC, October 4, 2021, until there is a new announcement.

For users staking LP-PKF before, your benefits keep the same. You can continue to lock up LP-PKF for more rewards or unstake after a 30-day withdrawal delay time. When you unstake, you cannot stake more LP-PKF.