ALTI rewards program

How do I join the program and what are the entry requirements?

To start accumulating ALTI, all you need to do is deposit assets (cbBTC and/or wstETH) into one of our vaults.

Earn more by borrowing

When the assets (cbBTC & wstETH) are deposited, you can borrow USDC.

Altitude’s offers a unique borrowing experience, where the generated yield is used to pay the loan back over time

To incentivize depositors to test out this borrowing mechanism, Altitude provides a 20% boost on the public incentives for users that borrow with a loan-to-value ratio of 5% - 25%. This additional incentive is attributed on a daily basis to users that, on that day, have a loan-to-value ratio of between 5% and 25%.

Example: If the public incentives are 15% APR from ALTI incentives and if you have a loan with a loan-to-value of between 5% and 25%, you will get an additional 3%, resulting in an 18% APR from ALTI incentives.

Tip: if you want to maximize your incentives and not have to worry about price fluctuations, borrow at 10% loan-to-value. This means that when the value of your collateral doubles or halves, you will still earn the maximum amount without having to adjust your position.

Will I be able to see how many ALTI tokens I have accumulated?

Yes, you can see how many ALTI tokens you’ve accumulated via the user interface at app.altitude.fi

How often are my rewards updated?

We currently run the Token allocator bot once a day and they allocate tokens according to the running campaign rules.

How are the tokens allocated?

Participants of the program are gaining tokens on a per-block basis. There are roughly 7,200 blocks in a day.

Example: if 40,000 tokens are allocated per day, that's roughly 5.55 ALTI tokens per block. The ALTI tokens will be allocated across all participants per block, issued to each participant as a percentage of the total pool. If you withdraw your deposit, you will accumulate tokens up until the last full block you had an active stake.

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Disclaimer: This Early Rewards Program is not directed at retail clients, it is directed only at sophisticated investors. Dealing in cryptoassets is high risk, and all capital used to participate is at risk of being lost.

The Early Rewards Program is not available to persons in the USA, China, or other restricted territories.

In the UK, the Early Rewards Program is directed only at persons who fall within an exemption to the restriction on financial promotions as set out in the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, such as investment professionals (Article 19); high net worth companies, unincorporated associations etc (Article 49); and sophisticated investors (Article 50).