This POAP was awarded to the top 100 addresses with the higher ParaBoost Score of the first PSP 2.0 epoch. PSP 2.0 radically reduces PSP token emissions and introduces a “Social Escrow” staking system for PSP (sePSP): a novel model in DeFi that incentivizes users who perform value-adding actions for the ParaSwap Protocol, such as trading, order-making, pooling, and referring, by compensating them with a portion of the protocol fees in the form of native gas tokens.

This POAP was distributed to voters of the proposal PSP-IPΔ22: PSP 2.0 PSP 2.0 is a complete overhaul of PSP tokenomics, radically reducing token emissions and introducing protocol fee redistribution to stakers. It also introduces Social Escrow PSP (sePSP), a novel model in DeFi that rewards stakers who perform actions beneficial for ParaSwap Protocol and DAO growth.