Rewards
Earn RIPE tokens through yield bonuses and deposit rewards
Earn RIPE tokens — the governance token of Ripe Protocol — just by using Underscore. The more yield you generate and the more you hold, the more RIPE you earn.
Two ways to earn:
Yield Bonuses — Get a 1:1 RIPE match on your yield profits
Deposit Rewards — Earn RIPE based on how much you hold and for how long
Invite friends and earn RIPE on their yield profits too.
Yield Bonuses (1:1 RIPE Match)
When you realize yield profits, you get bonus RIPE tokens on top:
1:1 match — for every $1 of yield you earn, get $1 worth of RIPE
Paid automatically when withdrawing yield
Applies to yield strategies only (not swaps or reward claims)
Requires available RIPE balance in distributor (first-come, first-served)
Example: You withdraw $1,000 in yield profit
You keep your $1,000 profit (in the yield asset)
You also receive ~$1,000 worth of RIPE tokens
Referral Bonuses
Invite friends to Underscore and earn RIPE when they profit:
1:1 match — for every $1 of yield your referred user earns, you get $1 worth of RIPE
Your friend still gets their full 1:1 bonus too
Both parties benefit from the same yield event
Example: Your friend realizes $1,000 in yield profit
Friend keeps $1,000 profit + gets ~$1,000 RIPE bonus
You get ~$1,000 RIPE bonus for referring them
Deposit Rewards
Earn RIPE simply by holding assets in your Underscore wallet:
How it works:
Hold assets in your wallet
Accumulate points over time
Claim your proportional share of the RIPE rewards pool
Example:
Hold $10,000 for 2 weeks
Total protocol points = 3,024, your points = 60.48 (2% share)
$5,000 worth of RIPE in pool → You claim ~$100 worth of RIPE
RIPE Token Details
RIPE is the governance token of Ripe Protocol, Underscore's integrated borrowing protocol. Your RIPE can be:
Held for potential appreciation
Staked in Ripe governance for voting power and additional rewards
Traded on supported exchanges
Auto-Staking
Currently, 80% of RIPE rewards are automatically staked in Ripe's governance vault with a 180-day lock period. The remaining 20% is sent directly to your wallet. This gives you instant staking benefits without extra transactions.
Fee Structure
Underscore charges small fees on certain activities:
Swaps
0.25%
Trade amount
External Rewards
20%
Protocol reward claims (MORPHO, WELL, etc.)
Vault Performance
20%
Vault yield profits only
No fees on: Transfers, deposits, idle funds, or principal.
Future: Ambassador Revenue Share
In addition to the RIPE yield bonuses described above, ambassadors may also receive a percentage of fees in-kind (paid in the same asset as the fee). This feature exists in the protocol but revenue share ratios are currently set to 0%.
Common Questions
Q: When can I claim? A: Immediately after rewards accumulate, subject to cooldown. Managers can claim on your behalf if authorized.
Q: Can rewards be lost? A: No, they accumulate until claimed (limited by contract balance).
Q: Do bonuses always pay out? A: Only if distributor has sufficient RIPE balance. First-come, first-served.
Q: How do deposit points work? A: Points = deposit value × time. More deposits + longer holding = more points = larger share of the rewards pool.
Q: Is my RIPE automatically staked? A: Yes. 80% is auto-staked in Ripe governance with a 180-day lock. 20% goes directly to your wallet.
The Bottom Line
Earn yield, get RIPE. Hold assets, get RIPE. Refer friends, get RIPE when they profit.
Your DeFi activity directly translates to token rewards.
Next Steps
Deposit in Vaults: Earn AI-optimized yields + RIPE bonuses
Deploy Your Wallet: Start accumulating deposit points
Add Managers: Automate reward claiming
Set Up Whitelist: Direct rewards to any trusted wallet
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