The Bitcoin Summer campaign is Neutron’s comprehensive incentive program designed to bootstrap Bitcoin DeFi liquidity and demonstrate the power of integrated blockchain infrastructure. The campaign distributes up to $10M in NTRN rewards over multiple epochs to participants who provide liquidity and engage with Neutron’s DeFi protocols.
For detailed reward and incentive mechanics, see Rewards.

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Campaign Structure

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Epochs & Timeline

The campaign is structured in successive 2-month epochs, with at least 6 epochs planned (12+ months total duration). Each epoch has predetermined parameters set before launch:
  • Epoch Budget: Dollar value distributed as incentives (e.g., Epoch 1: $250,000)
  • Eligible Opportunities: List of participating vaults and protocols
  • Reward Multipliers: Boost mechanisms and qualification criteria
Earlier epochs have smaller budgets to account for initial visibility, while later epochs scale up to drive broader participation. Epoch Timeline

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Total Budget & Distribution

  • Total Allocation: $10M or up to 10% of NTRN supply (whichever is lower)
  • Duration: 6-12 epochs over 12-24 months
  • Budget Growth: Later epochs receive larger allocations to scale the campaign

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How Rewards Work

The campaign rewards actual DeFi positions on Neutron, not just vault deposits. This means:
  • Vault participants receive pro-rata shares of rewards earned by their vault’s underlying positions
  • Direct participants earn rewards by depositing directly into eligible Neutron protocols
  • Tiered accounting ensures fair distribution across multiple layers of deposits
Whether you deposit through Ethereum vaults or directly on Neutron, you’re earning rewards from the same underlying DeFi positions.

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Dollar-Denominated Rewards

Unlike traditional token farming, rewards are calculated in dollar terms throughout each epoch and converted to NTRN tokens at epoch end based on the final NTRN price. Example:
  • Alice deposits 1 BTC ($100,000) at epoch start
  • Earns $1,660 in rewards over 2 months (~10% APR)
  • At epoch end, if NTRN = $1, Alice receives ~1,660 NTRN tokens
This structure means campaign costs decrease if NTRN price appreciates, aligning incentives with network growth.

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Points System

Rewards use a points-based accounting system to ensure fair distribution: Points=USD Value of Deposit×Days Staked×(1+Bonus Multipliers)\text{Points} = \text{USD Value of Deposit} \times \text{Days Staked} \times (1 + \text{Bonus Multipliers})
  • Daily Calculation: Points accrue daily based on USD deposit value
  • Pro-rata Distribution: Epoch budget distributed proportionally to total points earned
  • Bonus Multipliers: Additional rewards for advanced strategies (learn more)
  • Protection from Dilution: Daily calculation locks in dollar-denominated rewards

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Reward Claiming & Vesting

After each epoch ends, participants have multiple claiming options:
  1. Instant Claim: Immediate access with 50% penalty
  2. Standard Vesting: Full rewards vested over 2 months
  3. Enhanced Staking: Lock rewards for additional benefits (details)
The vesting mechanism promotes long-term ecosystem participation and prevents sudden token supply releases.

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Vault Incentive Model

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Soft-Lock Structure

Campaign vaults use a “forfeitable” reward structure to encourage full epoch participation:
  • No Principal Lock: Users can withdraw deposits at any time
  • Reward Forfeiture: Early withdrawal forfeits pro-rata share of accrued rewards for that epoch
  • Full Epoch Participation: To secure rewards, maintain deposits throughout the entire 2-month epoch
Example: If you deposit 10 BTC at epoch start but withdraw 5 BTC mid-epoch, you forfeit rewards corresponding to the withdrawn amount.

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Withdrawal Process

  • Ethereum Vaults: Withdrawals processed on Neutron side
  • What You Receive: Supervault LP tokens + any lending assets directly to your wallet
  • Timeline: Processing depends on underlying protocol liquidity
  • Finding Positions: Track positions through Neutron interfaces

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Participation Requirements

  • Minimum Deposit: No minimum (gas fees apply)
  • Geographic Restrictions: Open globally (check local regulations)
  • KYC Requirements: Required for certain vault strategies only

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Terms & Conditions

  • Rewards subject to network participation requirements
  • Early withdrawal penalties apply to campaign rewards
  • Technical risks associated with smart contract interactions
  • Regulatory compliance is user responsibility

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Choose Your Participation Path

Coming from Ethereum

Best for: Simple exposure with MetaMask and EVM wallets.Automated vault strategies with deposits bridged to Neutron DeFi. Earn yields + NTRN incentives.

Native Neutron

Best for: Maximum control and advanced featuresUse Keplr and Cosmos wallets. Direct protocol interaction with immediate boost access and higher reward potential.