LOBSTR Loyalty Program and how it benefits you

Modified on Fri, 4 Oct at 3:58 PM

The LOBSTR Loyalty program is a three-level system comprising Base, Silver, and Gold levels, which extends benefits depending on the amount of AQUA and ICE tokens you hold in your portfolio balance.


AQUA token is the currency for rewards and on-chain voting in Aquarius. The core use case of the AQUA token is to increase liquidity on Stellar. AQUA holders can vote for market pairs that need more liquidity and select trusted assets. AQUA plays an essential role in projects built on Stellar. Learn more 


ICE tokens let AQUA holders increase yield earned through AMM & SDEX rewards and boost their voting flexibility & power throughout Aquarius. Learn more about ICE.


LOBSTR Loyalty Tiers are currently available on the LOBSTR website and mobile apps.



Loyalty criteria for each tier

  • Base: The ratio of AQUA and ICE tokens in your portfolio is up to 5% of the Lumens, Featured, and Curated by LOBSTR assets.
  • Silver: The ratio of AQUA and ICE tokens in your portfolio is 5% - 20% of the Lumens, Featured, and Curated by LOBSTR assets. You must hold at least 50,000 AQUA and ICE tokens to access the Silver loyalty tier.
  • Gold: The ratio of AQUA and ICE tokens in your portfolio is more than 20% of the Lumens, Featured, and Curated by LOBSTR assets. You must hold at least 100,000 AQUA and ICE tokens to access the Gold loyalty tier.


*AQUA percentage is counted from the total value of XLM, Featured, and Curated by LOBSTR assets only.


Example: Your Portfolio Balance consists of 5,000 XLM worth of USDC and 200 XLM worth of AQUA + ICE. Here is how your AQUA Loyalty levels are calculated:


[AQUA + ICE Tokens Value / (Total portfolio Value (Featured + Curated + AQUA + ICE) – AQUA + ICE Tokens Value)] x 100 =

[200 XLM / (5,200 XLM – 200 XLM)] x 100 =

[200 XLM / 5,000 XLM) x 100 =

0.04 x 100 = 4%



Loyalty benefits

  • Cashback for XLM purchases via the MoonPay and Stripe services.
  • Free Stellar network transactions (LOBSTR will cover Stellar per-operation fees)Learn more
  • No LOBSTR fees for withdrawal transactions (*The Withdrawal partner may charge an additional withdrawal fee on their end).
  • 50% discount on Swap fees (Swaps, Smart Swaps, or Market Trades are reduced by 50% of the initial (default) value, depending on the category of the asset being exchanged) for the Silver tier.
  • 100% discount on Swap fees (no fees for Swaps, Smart Swaps, or Market Trades, regardless of the category of the asset being exchanged) for the Gold tier.
  • Exclusive access to special LOBSTR platform events, upcoming promo campaigns, and priority customer support for the Gold tier.



Main characteristics of the LOBSTR Loyalty Program

  • Dynamics & Flexibility: Your Loyalty tier is calculated in real-time based on the total value of Curated, Featured, and XLM assets. Your tier is upgraded automatically when balances in your Stellar wallet change, when you swap your assets or send a payment, or when the price of AQUA or other assets changes. You will receive a push notification when your tier is changed.
  • Accessibility: With percentage-based Loyalty requirements, the program is accessible to all users holding up to 5% of AQUA and ICE tokens in their portfolio.
  • Usability: With an updated LOBSTR user interface, you can keep track of your tier, and the AQUA needed to maintain or increase it.


Important:

  • Loyalty tiers apply specifically to the Stellar wallet, not the entire LOBSTR account.
  • Loyalty tiers may change as the price of AQUA or other assets fluctuates.
  • ICE is counted as AQUA when calculating loyalty tiers. For example, 100 ICE equals 100 AQUA.
  • The AQUA/ICE percentage is calculated based solely on the total value of Curated, Featured, and XLM assets.
  • Stellar network transaction fees still apply for transactions submitted via WalletConnect, LOBSTR Signer Extension, or if multisig is enabled in the wallet. No Stellar network fees for such transactions will apply in future updates – stay tuned!



How can I check my Loyalty tier?


LOBSTR MOBILE APPS:


You can access the "LOBSTR Loyalty Tiers" screen and check the loyalty tier assigned to your current Stellar wallet from the side menu of your LOBSTR mobile app.



Alternatively, from the "Home" screen, tap "LOBSTR Loyalty Tiers".


Or, push the banner on the "Buy Crypto" screen in your LOBSTR mobile app.



LOBSTR WEBSITE:


Expand the popup menu at the top right of the LOBSTR web.


Or, from the "Buy & Sell Crypto" screen, click "View details" on the "Earn up to 100% cashback on your fees" banner.


Learn more:

Buy crypto: How do I get cashback on my XLM purchase?  

How do I quickly swap one asset to another with LOBSTR? 

What is Smart Swap?

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