Honouring the Voltz community - A pathway to $REYA

Inspired by DeFi and it’s potential to make finance a public good again, a group of cryptographers came together to reimagine a little known but critical foundation of the global financial system - Interest Rate Swaps. So critical were Interest Rate Swaps to everyday finance, that they represented a quadrillion dollars of notional annually but the goliath product was gatekept by a small group of legacy actors.

The team flew under the banner of VOLTZ. Voltz had a singular mission -  bring interest rate swaps onchain in a bid to make finance a public good from the bottom up. A community coalesced and alliances were made with one of Ethereum’s leading exponents - Uniswap.

Together the Voltz and Uniswap community broke new territory achieving $30 billion in notional traded for a new insturment in the space, making it the 3rd largest DEX by Volume at the time (Q1 2023), behind only Uniswap and dYdX. But ultimately, institutional finance and  DeFi wern’t ready for each other. Voltz was too early, the labs team disbanded, the project was sunset.

A new dawn, a new project, some familiar faces.

Reya is conceived in an era where Ethereum hasn’t just pushed DeFi forward, it’s matured the financial landscape to the point that global finance recognises the chain as the defacto layer for settlement.

Reya exists to extend Ethereum's value for traders by launching the fastest, most secure trading venue in crypto.

Specifically Reya is building Ethereum’s trading layer, not an L2 – a DEX enshrined in the Ethereum layer 1. A trading specific based rollup that couples millisecond execution with all the liveness and security guarantees upheld by Ethereum.

Whilst Voltz and Reya are separate projects, many community members kept up with Simon, Artur and Brokoli as they moved onto our new venture. In recognition of this the Reya community extends an invitation to the Voltz and Uniswap communities that came before us to share in the upside of our journey on Ethereum’s trading layer.

1Billion $VLTZ tokens, forged on Ethereum will be distributed to holders of Voltz badges, Voltz Genesis NFTs and the Uniswap DAO.

The top 20 wallets will split any unclaimed $VLTZ on a pro-rata basis according to absolute PnL during the 14 day claim period. NB All traders are eligible to compete for unclaimied $VLTZ

At our TGE you holders of $VLTZ will have the opportunity to burn their allocation for $REYA.

Token Allocation Explained

Your $VLTZ token allocation is determined by the badges and tiers you hold from the Voltz journey.

Each badge carries its own allocation, and if you hold multiple badges within the same tier or across different seasons, you will receive multiple allocations, one per badge.

Voltz Seasons

• OG
• Season 1
• Season 2
• Season 3
• Season 4

Voltz Tiers

• Rank 0 (Easter Egg)
• Rank 1
• Rank 2
• Rank 3
• Rank 4 (Legendary)

Each tier corresponds to a specific weighting in the allocation model.
Holding higher-tier badges increases your total token entitlement.

For example:
If you hold two Rank 3 badges from Season 1 and a Hero badge, you will receive three separate allocations, one for each badge’s rank and season.

Special Badges

In addition to seasonal tiers, several special badges carry their own allocations and leaderboard mappings:

Special badges are treated like standard badges in allocation.
If you hold one, you receive an additional allocation tied to its corresponding tier.

Claim and Compete

Weren't around for Voltz? Don’t worry, you can still earn $VLTZ!
Any unclaimed tokens after the 14-day claim window will be allocated to the top 20 Reya traders by Absolute PnL during the same period.

• Claim window: 22nd Oct - 5th Nov
• Competition period: 22nd Oct - 5th Nov
• Competition Eligibility: all traders on Reya
• Metric: top 20 traders ranked by positive Absolute PnL
• Reward: unclaimed $VLTZ distributed pro rata amongst top 20 traders

Trade to compete. Claim your share.

In Summary

• Each badge equals one allocation.
• Multiple badges mean multiple allocations.
• Higher-tier badges receive larger allocations.
• Special badges count as additional allocations based on their leaderboard mapping.
• $VLTZ holders receive 10% trading fee discount on Reya
• Initial allocation is for Voltz activity only
• All unclaimed $VLTZ will be distributed to the top 20 traders over the claim period.
• $VLTZ can be burned for $REYA at TGE

Every contributor, OG, and badge holder from Voltz will receive their rightful share based on badge count, tier, and season, securing a pathway to ownership of Reya: Ethereum’s Trading Layer.

Roles come and go.

Ethereum is forever.

Reya is Ethereum for traders.