Accelerate On-Chain with Brahma Rewards: Karma Points Are Here!

Aug 30, 2024

3 mins

As we gear up for the launch of Brahma Rewards, we’re introducing a system that truly values your on-chain interactions.

The days of locking capital for meaningless points are over.

Brahma changes the game with Karma, a system that rewards you for real, productive work on-chain, without the need to lock away your assets.

This is Karma: every action counts, every interaction matters, in a transparent on-chain economy.

• No Capital Lockup: No more tying up your assets for meaningless points.

• No Fuggazi: Forget convoluted steps and vague promises.

• Pure On-Chain Actions: We reward genuine, productive work on-chain.

Enter Karma: Your On-Chain Score

At the heart of Brahma Rewards lies Karma, a dynamic on-chain scoring system crafted to reflect the true value of your DeFi interactions. Karma isn't just about collecting points; it's a native system that evolves with your on-chain journey, adapting to the quality and frequency of your interactions through Console.


The Three Phases of Karma

  1. Phase One: On-boarding New Users – Start by setting up your Console and laying the foundation for deeper engagement with the ecosystem.

  2. Phase Two: Boosting Interaction with Partner Protocols – Dive deeper into the world of partner protocols, discover the most secure way to interact with your favorite protocols, and earn exclusive rewards.

  3. Phase Three: {REDACTED}


How Karma Works?

Karma is a reflection of your on-chain activity, calculated from every transaction and interaction you make with Console. Each transaction is a decisive action—positive actions boost your Karma , while negative actions trigger slashing events that can diminish your standing. Every move counts, shaping your KARMA and defining your impact.

  • Activity-Based Rewards: Immerse yourself in the Console ecosystem and watch your Karma score rise with the depth and impact of your engagement. The more you participate, the higher you soar. [More the activity and DeFi participation, more Karma]

  • Dynamic Adjustments: Karma is a living entity, evolving with every move you make. It adapts to the quality and consistency of your contributions, ensuring your efforts are always in the limelight.

  • Recognition & Reward: In the realm of Karma, every action and contribution is celebrated, fostering a vibrant and dynamic community within Console.


How to earn Karma?

  1. Create Your Console: Set up your universal on-chain account to embark on this exciting journey. [Link]→ Add a trackable link so we can track the people who joined

  2. Deposit Funds: Add at least $100 in supported assets to qualify for Brahma Rewards.

  3. Invite Friends: Use your referral link to earn 10% of their rewards while giving them a 10% boost.


Supported Assets:

ETH, staked ETH (stETH, cbETH, frxETH), Restaked ETH [Etherfi, Swell, Puffer, Renzo] stablecoins (USDC, USDT, DAI, FRAX, USDe), WBTC, TBTC.

  • No Lock-In: Users can adjust positions and move assets anytime, as long as the Total Value Secured is over $100.

  • No opportunity cost and full control of assets - Deposit assets on any protocol on any chain, the account is open.

Example Scenarios:

Deposit $1000 DAI, convert to sDAI, and earn 8% from the DAI savings rate, plus KARMA.

Stake ETH on ETHERFi, then stake on a Pendle pool, and earn APY from Pendle along with KARMA.

We support most DeFi protocols. If your position appears on DeBank tracker, we'll display it and include it in your active Total Value secured (TVS)

Understanding Total Value Secured (TVS): TVS reflects the total value of deposits, combining both your Console balance and the deposits from your referrals, and directly influences your Karma. Your Console balance signifies the capital you’ve secured on-chain, while your referrals contribute additional value. Prioritize quality referrals to maximize your boost, and note that your earnings become active as soon as you reach the threshold deposits.


Do More On-Chain With Console

Console is your universal on-chain crypto account, putting you in complete control—no third parties, no clawbacks. It’s designed to coordinate value and transact across multiple chains and protocols.

Seamlessly interact with on-chain protocols, view all your positions in one place, and experience a UX that rivals CEXs—except it’s fully on-chain. Console enables one-click swaps, effortless bridging, and smooth navigation across chains, without the hassle of juggling networks. It supports traditional wallets, social logins, and passkeys [soon].

Built on Safe, which secures $100 billion USD, Console is one of the most secure smart accounts on-chain. For users, it’s like using a CEX across any chain. For developers, it’s a streamlined experience. Build on-chain apps without wrestling with multiple standards, dApps, or infrastructure.

Unique Capabilities:

  • Non-custodial Automation framework with API stack for building 3rd party apps

  • Programmatic access control

  • Bridge, Swap & Track assets effortlessly.

  • Native integration with DeFi infrastructure and apps

  • Interact with dApps across chains.

  • One address across chains

  • Smart execution manager, with gas abstraction on all chains

Learn More: Brahma Console


The Journey Ahead:

  • Boosted Karma Rewards with your favorite on-chain protocols and chains.

  • Global Leaderboard Rankings based on your efforts in Phases One and Two.

  • Brahma Badges to enhance your rewards.

  • New Quests and Incentive Opportunities.

If you've been with us since Karma Rewards, rest assured your points have been snapshotted. Your boost will be reflected in Brahma Rewards. Just remember to activate Console with the same EOA you used for Karma.

Get Started Today:

  • Tips & FAQs: Learn More

  • Start Earning: Brahma Rewards

  • Accelerate your journey, enjoy seamless interactions, and be rewarded like never before.

For the latest updates, join our Telegram Channel, and follow us on Discord and Twitter.

Unlock a new playground of on-chain rewards with Console!

You ready?

Earn upto 2x Blast Gold on your dApp interactions

Earn upto 2x Blast Gold on your dApp interactions

Solutions

Resources

Networks