Quick update on the Diva Staking Base pre-launch campaign with Based $ETH (bsdETH).

The Diva Staking Protocol recently completed its transition to @nektarnetwork as part of its multilayered Ethereum restaking network. This enables Diva’s $ETH LST (divETH) to be restaked and will allow any services to leverage Ethereum’s security by offering rewards to Nektar operators for their support.

More details around the transition can be found here:

Additionally, a points program (“Nektar Drops”) was introduced 👇

1️⃣ To reward Based $ETH (bsdETH) holders and the Reserve community for their early support of Diva’s Base pre-launch initiative, Nektar Network has retroactively distributed Nektar points (“Drops”) to bsdETH holders and LPs since its inception until April 29, 2024.

The calculation methodology was consistent with that used for DIVA token allocations, but with an immediate onset of points accrual and an additional 50× multiplier to determine the final amount of Retroactive Nektar Drops for each address.

More information about Nektar’s Retroactive Drops distribution can be found here:

2️⃣ Moreover, bsdETH holders and LPs continue accruing Nektar points as part of Epoch 1 of the Nektar Drops Points Program starting May 1, earning 20 Nektar Drops per bsdETH per day—more details here:

Note that eligibility for DIVA rewards continues unchanged as outlined in the original RFC.

@bsdETH_ holders can check their Nektar Drops allocation here: