Ascend: XP Updates and Roadmap
Dear Ascendors,
As we venture into the next frontier of Object-Oriented Finance, we'd like to share some initial updates about XP calculations that align with our new product focus.
In the coming weeks, we'll provide more information about our new product launches, how you can earn XP, and how earnings will be adjusted based on our shift in focus. A summary of what you need to know:
#1: New Reserve XP Opportunities for NodeFi and GPUFi
Our mission has always been about unlocking liquidity and financing from hard-to-trade assets, ranging from NFTs to RWAs. NodeFi and GPUFi represent the newest categories of digital objects we're excited to tap into for new yield and financing opportunities. Thousands of nodes and GPUs support the demand for AI compute, but they face immense barriers to accessing short-term liquidity, risk management, leveraged capital and other financial tooling. We're thrilled to bring our innovations with Airdrop Pass and Automatic Tranche Maker to this new category and will be releasing product updates on how users can gain exposure to the rapidly growing AI market.
To better reflect our emphasis on NodeFi and GPUFi within the Object-Oriented Finance mission and our upcoming product development, we'll open Reserve XP earning opportunities that incentivize on-chain interactions our latest innovations. More details on what we'll be launching and how you can earn this Reserve XP will be available in the coming 1-2 months.
We also plan to release more educational content to help our community understand how to maximize their XP and explore new opportunities in these ecosystems, starting with NodeFi.
#2: Sunsetting Prestige XP on Sept 30
To align with our new product focus, we're sunsetting Prestige XP -- previously awarded for social engagements and MetaStreet referrals. We have also made the decision to cease operations for Rocket Rush -- our gamified borrowing experience, which has seen over 200K+ game plays since we launched in July. We consistently assess and make updates to our rewards and loyalty program, and we've decided to end Prestige XP and Rocket Rush to prioritize meaningful on-chain actions, especially with our upcoming product launches. Prestige XP earned from our gamified borrowing experience, Rocket Rush, and social engagements (e.g., posting on X) will be discontinued by Sept 30, 11:59 UTC. Rest assured, all Prestige XP earned to date will be accounted for at the conclusion of Ascend.
#3: XP Compensation on Punks 40 Holders in Jan 2025
We understand the community's desire for a more precise timeline regarding the one-time bonus for holding the Punks 40 LCT position—especially given the challenges faced by the underlying Punks collateral. Our team has decided to tally and calculate the eligibility of Punks 40 holders in January 2025. This timing was chosen to coincide with the end of the Ascend program, giving us the best outlook on how to calculate XP compensation relative to all XP earned by Ascend users.
Roadmap Ahead
To recap, we've implemented these XP updates to sharpen our focus on building new financial tooling for NodeFi and GPUFi. We've carefully considered your feedback about streamlining our products and services, aiming to provide a clearer direction for our Ascend community. We're incredibly optimistic about the future of NodeFi and GPUFi as AI innovation accelerates, and we're confident that our strategic product pivot will help Ascend conclude on a high note.
We're deeply grateful for your support since launching our loyalty program just a few months ago. It's been an exhilarating journey growing this community together!
If you have any questions about these updates, please don't hesitate to send us a DM or reach out to our team on Discord. Once again, thank you for your unwavering support. We're thrilled to bring new frontiers of Object-Oriented Finance to an even wider community and user base.