YT - Farming Ethena Airdrop with 60x Multiplier

Understanding the Opportunity

FIVA's YT tokens for Ethena USDe provide extraordinary capital efficiency for farming Ethena points. This efficiency comes from two key factors:

1. Our exclusive partnership with Ethena provides a 60x point multiplier

2. YT tokens let you pay only for yield rights, not the full principal amount

This combination creates a powerful capital efficiency advantage for point farming.

How the Multiplier Works

The total efficiency multiplier for YT tokens is calculated as:

Total Efficiency = 60x (partnership multiplier) × (USDe price / YT token price)

For example, if 1 USDe costs $1 and YT tokens cost $0.1 each, your effective farming efficiency would be:

60 × ($1/$0.1) = 60 × 10 = 600x more efficient

This means for the same capital investment, you could potentially earn hundreds of times more Ethena points through YT tokens than through direct USDe deposits.

Why YT Is More Capital Efficient

When you buy YT tokens, you're only paying for the yield rights, not the underlying principal. This is like buying just the interest payments from a bond without paying for the bond itself. This approach is inherently more capital efficient since your investment is specifically targeted at yield capture.

Combined with our 60x partnership multiplier, YT tokens create an exceptionally efficient way to farm Ethena points with minimal capital commitment.

How to Farm Ethena Points with YT Tokens

Step 1: Access the Market

1. Navigate to FIVA's Markets section

2. Select the YT Ethena USDe pool from the list

Step 2: Purchase YT Tokens

1. Enter the amount of USDe you want to use for farming

2. Execute the swap to acquire YT tokens

Step 3: Set Up Reward Delegation

After purchasing YT tokens, you need to properly set up reward delegation to start accumulating Ethena points:

1. Go to your dashboard and select your Ethena position

1. Click the "Get" button associated with your position

1. You'll be redirected to connect your TON wallet in the Ethena application

1. Provide an Ethereum address where you want your Ethena points/rewards to be sent

This delegation step is critical because Ethena distributes rewards on Ethereum mainnet, not on TON. Without completing this process, you won't receive your earned points despite holding YT tokens.

Step 4: Track Your Farming

Once delegation is set up:

1. Monitor your point accumulation through Ethena's dashboard

1. Your YT position value will still be visible in your FIVA dashboard

2. Remember that points are tracked and distributed through Ethena's system, not FIVA's

Step 4: Exit (Optional) To stop farming, simply sell your YT tokens back to the market through the same interface.

Understanding the Risks

• Market Risk: YT token prices fluctuate based on Ethena yield expectations and point valuations

• Smart Contract Risk: Position involves both FIVA and Ethena smart contracts

• Protocol Risk: Changes to Ethena's reward system could affect future returns

Summary

YT Ethena USDe tokens represent a highly capital-efficient way to accumulate Ethena points. By combining our exclusive 60x partnership multiplier with the capital efficiency of only paying for yield rights, YT tokens allow you to maximize your point accumulation with minimal capital commitment.

This exceptional efficiency makes YT tokens the optimal strategy for users looking to position themselves for Ethena's ecosystem rewards while maintaining capital flexibility.

[Note: The exact efficiency multiplier varies with market conditions. Check the current rates in the FIVA interface for the most up-to-date information.]