Rewards

On top of staking rewards, accumulate BPM Finance Points and more.

Participating in restaking generates rewards in a number of forms outlined below. When rewards are received by the contract in a form other than ETH, BPM Finance first converts them into ETH and then diverts a fee to the BPM Finance Treasury and to the partner node operators based on our fee structure. The remaining ETH is sent directly to the deposit pool without minting additional bpETH thereby increasing the ETH value of each bpETH share of the underlying pool.

1. Native Staking Rewards

When ETH is deposited into our vault, it is natively restaked to EigenLayer. As a result, it accrues native staking ETH penalties and rewards for validating the Ethereum network directly. This is the first layer of reward. All these rewards are paid in the form of ETH directly to validators, and will be periodically skimmed and distributed as described above.

2. AVS Rewards & Airdrops

BPM Finance generates additional rewards by providing economic security to so-called AVSs. Restaked assets on BPM Finance are delegated to Node Operators on Eigenlayer, who provide security to services in exchange for an APY. This APY comes additionally to the underlying ETH/LST's staking APY. In addition/complement to the yield, AVSs may compensate Restakers via airdrops.

3. BPM Points or "Beats Per Minutes", our point system!

With the introduction of our first LRT bpETH, we are offering an incentive program called BPM Points. Users that hold any of our LRTs will receive BPM Points that accrue based on the amount of LRT you held per minute. The calculation is as follows:

BPM Points = Amount of LRT held * Number of days * 10,000

Mainnet Incentive Program

🚀 Early Users Bonus:

Early depositors will also earn a multiplier on their deposits. The BPM Finance point boosts are defined as below:

• 5x multiplier on day 1 (24 hour period starting at 12.00pm EST) at launch

• 4x multiplier on day 2

• 3x multiplier on day 3

• 2x multiplier on day 4

• 1.5x multiplier on day 5

🐳 Whale Bonus:

Moreover, you can earn additional BPM Points bonus depending on the amount of LSTs you deposit:

• ≥10 ETH: 1.05x multiplier

• ≥100 ETH: 1.1x multiplier

• ≥1,000 ETH: 1.15x multiplier

• ≥2,000 ETH: 1.2x multiplier

Examples

• Alice deposits 50 stETH on day 2 and receives a 4x early deposit multiplier and a 1.05x whale multiplier. Alice's bonus for that day would be 4.05x.

• Bob depostis 1 stETH on day 1 and receives a 5x multiplier (no Whale multiplier).

Notes:

• There is, approximately, a 24-hour delay in earning EigenLayer Restaked points to account for the Ethereum nodes being spun up and provisioned. This applies both for minting and transferring bpETH.

• Assets restaked on BPM Finance are deposited into EigenLayer at a set frequency. There will be a small time gap between assets getting deposited on BPM Finance and BPM Finance depositing those assets on EigenLayer.