Conversion 3.0 is the first seasonal incentives model from River that balances contributions and sustains the token distribution through recurring Seasons. It changes airdrops from a single distribution to a structure that runs every Season.
Conversion 1.0 introduced the first time-encoded tokenomics, aligning rewards with long-term contributors. Conversion 2.0 added the integral curve, daily cap, and half-life recovery.
The 180-day curve closed on April 22, 2026, with 650M River Pts converted across 2 Seasons. Conversion 3.0 is now live.
Conversion 3.0 is restructured around four updates:
- Recurring Seasons aligned to each quarter
- Fixed ideal rate per Season
- Unlock schedule and staking epoch anchored to each Season
- Expanded set of eight staking epochs, from 3 to 24 months
Full mechanism details are in the Conversion 3.0 activation.
The seasonal model
The model runs continuously. Each Season opens a new conversion window, and contributors claim and convert what they earned within that quarter. Contribution does not stop after one distribution.
What keeps this sustainable is how the rate moves. The conversion rate adjusts against growing network metrics every Season, so distribution scales with where the protocol actually is, not where it was at TGE. Each Season's ideal rate resets at a level the network can support.
Contributors who stay active across Seasons keep accruing River Pts and keep converting against actual rates, Season after Season.
S5 runs April 22 through June 30 as a transitional Season. From S6 onward, every Season covers a full quarter.
River Pts earned in any Season remain claimable within a specific window ( S4 – 60 days, see S4 Airdrop is Live )
Once claimed, they remain convertible across all subsequent Seasons.
What is River Pts
River Pts is ecosystem points, issued in ERC-20 format and earned through real activity across the River ecosystem. Minting satUSD, staking, contribution on social activity, and campaign engagement all contribute to your allocation.
River Pts converts into $RIVER. It balances $RIVER incentives across contributors.
What you finally receive depends on when you convert and which staking epoch you select.
What is Conversion 3.0
Conversion 3.0 builds on the concept from 1.0 and the dynamic conversion activity from 2.0, extending into a model that balances three sides: ecosystem incentives, long-term contribution, and sustainable tokenomic.
Each Season anchors the ideal rate, the unlock schedule, and the staking epoch. River Pts accrue through ecosystem contribution, and contributors decide when to convert them to $RIVER within the Season.
In a classic airdrop, the cycle ends after one claim.
Conversion 3.0 works differently. Each season, River Pts accrue through ecosystem activity, you can claim and decide when to convert it to $RIVER.
Ideal Rate and Actual Rate
Each Season is set with a constant ideal rate.
The S5 ideal rate is 0.01: 10,000 River Pts produce a base output of 100 Staked RIVER at the ideal rate.
The actual rate at execution depends on the conversion activity at that moment and the Staking epoch (3-24 months) you selected.
Conversion activity follows the integral pricing model from 2.0. Denser participation compresses the rate, quieter periods recover it.
Staking Epoch
The staking epoch shapes more than the immediate output. Across the staked period, Staked RIVER continues to earn River Pts and carries a 1-24x multiplier for voting power.
A longer epoch compounds the position over time.
Every Staked Until date anchors to a Season boundary. Voting power stays active across the entire Staked Until period.
A 24-month staking epoch produces both the largest received amount and the longest active governance participation.
Example : 10k River Pts / 3 months
Three participants each convert 10,000 River Pts during the same Season on a 3-month staking epoch. They convert on Day 10, Day 30, and Day 60.
The rate at execution moves with conversion density. Participant A converts on Day 10 at 0.007. By Day 30, activity thins out and the rate recovers, so Participant B converts at 0.009.
By Day 60, conversion density compresses it back down, so Participant C converts at 0.005. Same input, same 3-month staking epoch, three different rates, three different amounts of Staked RIVER.
The Staked Until date stays the same for all three. Whether the conversion happens on Day 10, 30, or 60, it anchors to the same Season boundary (October 1, 2026 in this example).
Same Season, same staking epoch, same unstake date, the Season anchors that. Output reflects what the network was doing in that moment.
- Actual conversion rate depends on real conversion activity at that moment
- All examples above use a 24-month staking epoch for simulation
- Select 24 months to receive the most Staked RIVER, with a 24x voting power multiplier
- Denser conversion compresses the rate, and recovery brings it back during quieter periods
- Whatever day the conversion lands within the Season, the Staked Until date anchors to the same Season boundary
How to Convert River Pts
Claim and convert are two different actions.
Claim is receiving the eligible River Pts allocation through the airdrop page. River Pts earned in any Season remain claimable in 60 days. See S4 Airdrop is Live
Convert is exchanging River Pts for Staked $RIVER under Conversion 3.0.
Conversion
- Go to Airdrop at https://app.river.inc/airdrop
- Check the live conversion rate and capacity
The actual rate updates every block. Always confirm the actual rate and the remaining daily cap before converting.
Eight staking epochs are available, each with its own unlock date. Conversion 3.0 makes the conversion predictable.
- Go to River staking at https://app.river.inc/river
- Confirm to receive Staked RIVER
- View your final Staked RIVER amount, actual conversion result, and full history.
Conclusion
Conversion 3.0 keeps the relationship with contribution going past TGE. Distribution does not close on TGE, it runs every Season, alongside the people building with us.
Incentives reset every Season. The rate moves with conversion density, so every conversion shifts what the next contributor receives.
Choosing 3 months or 24 months changes both immediate output and governance weight across the staked period. Short-term and long-term sit on the same curve, and each decision feeds back into the model.
This is the first dynamic airdrop conversion mechanism. Every conversion, every transaction, every staking epoch shapes how it runs.
To everyone who showed up across S1 to S4 and is still here for S5, you are the reason this works. The journey continues.
About River
River is building the first chain-abstraction stablecoin system that connects assets, liquidity, and yield across ecosystems.
Powered by the omni-CDP stablecoin satUSD, River allows users to collateralize assets on one chain and mint on another — natively earning, leveraging, and scaling across networks.
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