Today marks the conclusion of Phase 2 and with it the Fuel Points Program. We want to thank all participants who helped bootstrap Ignition, and now turn our focus to building Fuel into a fully integrated liquidity hub.
As we mark the end of the Fuel Points program, we are excited to unveil two initiatives: Phase 2 of the Genesis Drop and the start of Fuel Season 1 (FS-1).
Genesis Drop: Phase 2 - 150,000,000 FUEL
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1.5% of FUEL total supply.
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Rewards for participation in Phase 2 of the Points Program.
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Eligibility checker and claim will be live from January 30 to March 2, 2025.
Fuel Season 1 (FS-1) - up to 150,000,000 FUEL
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Starting today, liquidity providers on MIRA, Swaylend, Fluid, Ruscet, Spark, and Griffy can earn extra rewards.
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Up to 1.5% of FUEL total supply will be going to liquidity providers of Fuel ecosystem applications over the next 9 months.
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Season 1 starts on January 15th and will run over the next 45 days, ending on March 1st.
There will be multiple Fuel Seasons throughout 2025, with more participating projects added over time.
Follow our official channels on X and Discord, and each of the participating applications, to stay updated on the latest.
Phase 2 of the Genesis Drop
Since July 2024, the Fuel Points Program has helped bring in crucial liquidity to scale the Ignition ecosystem. We’re grateful to the participants of Phase 2 of the program, many of whom also participated in Phase 1 and bridged to Ignition and provided active liquidity to Fuel’s ecosystem, who will be rewarded for their active contributions.
150,000,000 FUEL (1.5% of FUEL total supply) will be a part of the phase 2 Genesis Drop. In total, 3.5% of FUEL total supply will have gone to Phase 2 participants both through the Fuel Bridgoors bonus (2%) and through this Phase 2 Genesis Drop (1.5%).
Additional Testnet rewards will also be claimable to eligible early adopters who helped battle test the Ignition network before launch and submitted their information through the official form.
To be eligible for the Testnet rewards, participants must have met the following criteria:
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Submitted the form correctly (duplicate submissions are ignored)
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Not from an excluded geography
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Provided a valid Fuel Sepolia Testnet hex address which had more than 10 transactions on Fuel Sepolia and did not receive prior rewards
Note: Testnet users who received rewards as part of the first Genesis Drop should also check their eligibility.
The FUEL token will accrue points as a part of the Phase 2 Points Program. Adjustments are not currently visible, but will be made to point totals accordingly prior to Jan 30, 2025.
Eligible users can check their Phase 2 rewards and claim their rewards starting January 30, 2025. The claim window will remain open until March 2, 2025. More information will be provided separately over the coming weeks.
FS-1: DeFi Season on Fuel
Fuel Season 1 begins January 15, 2025, and runs for 45 days. All eligible persons can join by bridging to Fuel Ignition and depositing into any of the participating applications.
In total, up to 1.5% of FUEL total supply will be going to the program over multiple seasons in 2025, starting with Season 1 today.
29M FUEL tokens will go to MIRA, Swaylend, Fluid, Ruscet, Spark, and Griffy in Season 1, with potential for additional dapps to be included. Some applications may be not be included on day 1, please follow each project for updates.
Program Structure
Participating liquidity providers on applications such as MIRA, Swaylend, Fluid, Ruscet, Spark, and Griffy can earn FUEL by supplying assets like FUEL, USDC, USDT, and ETH.
Rewards will be shared in two stages—after 30 days (14th of Feb) and at the end of season 1 on Day 45 (1st of March). Users can claim or get their rewards via the participating applications, with tokens directly transferred to their wallets.
Projects are responsible for translating user activity into rewards. This merit-based system ensures that high-performing participants and protocols receive fair incentives while encouraging ongoing innovation.
The program provides a solid foundation for DeFi builders to focus on developing their products and finding market fit without the immediate pressure of bootstrapping liquidity. Additionally, it facilitates a robust infrastructure for critical DeFi functions like asset storage, exchange, and seamless access to a broad range of crypto-native and real-world assets.
Benefits
The program is designed to strengthen supply-side liquidity, reduce slippage, and create demand-side fee generation through enhanced liquidity pools.
Fuel Season 1 directly benefits the Fuel network by enhancing its liquidity and overall user experience:
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Increased liquidity ensures better DeFi operations.
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Accelerated TVL (Total Value Locked) growth, creating a more attractive environment for users and builders.
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Participants can earn rewards through liquidity provisioning, fostering engagement from both new and existing users.
Each participating project will manage the sharing of rewards based on user activity and participation, with bi-weekly reviews in collaboration with OpenBlock Labs. Rewards will be shared in two events–after Day 30 and at the conclusion of the program.
Looking ahead to 2025
This is just the beginning – upcoming phases will be larger and expand to include more projects. Please reach out to us directly on Discord if you have any questions or want your project to be considered for future seasons.