Monthly USDC Dividends Through the EVEREST Vault:
Starting 1st March, Altitude holders will enjoy monthly USDC dividends, distributed during the first week of each month via the EVEREST Vault. This program provides a reliable and sustainable revenue-sharing model for the community to supplement reflections, aligning incentives with the project’s long-term success.
How the EVEREST Vault Works:
The EVEREST Vault is funded through two primary sources:

    1. Mountain Wallet Contributions: The Mountain Wallet, acting as Altitude’s treasury, generates yield through its strategic holdings. A portion of this yield is allocated directly to the EVEREST Vault, ensuring an inflow of USDC for dividend payouts regardless of volume.
    2. Transaction Tax Allocation: As part of our updated tokenomics, a portion of the transaction tax is now redirected to the EVEREST Vault. Whenever tax fees are triggered, USDC is automatically added to the vault, providing an additional layer of sustainability for the rewards program.
By combining these funding mechanisms, the EVEREST Vault ensures that all Altitude token holders benefit from project revenues while supporting the token’s long-term growth and stability. Dividends can be claimed directly by holders (more info below), empowering them with flexibility and control over their rewards. The Vault Balance will be available on the website under a rewards section. As is the case with reflections your share is based on the % of Altitude held in wallets. Example if there are 100,000,000 tokens in wallets and you hold 2 million tokens, you share would be 2% of the vault.

Merkl Utility: A Game-Changer for Altitude:
The new Altitude utility leverages the innovative Merkl platform, which offers a cutting-edge approach to reward distribution. Unlike traditional yield farms where users must stake LP tokens or assets, Merkl tracks positions directly in your wallet, allowing holders to earn rewards without the need to stake their tokens. This convenience not only saves time but also ensures your assets remain secure in your wallet.
Merkl calculates rewards based on your share of the LP position or token holdings, with distributions occurring every epoch (approximately every 8–12 hours). These rewards—paid out in USDC—can be claimed directly from the Merkl dashboard (a “claim rewards” button will take you directly to it on our website). Altitude’s reward program on Merkl provides a simple and efficient way for users to participate without any extra complexity.
Importantly, Merkl is already used by thousands of people daily, making it an hugely active platform in DeFi. Having Altitude's reward program live on such a widely-used platform will provide valuable visibility, helping to introduce our project to new users daily and create opportunities for new community members to learn about and invest in Altitude.

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A New Era for Altitude: Join the Ascent:

With the launch of the Altitude monthly USDC dividends via the EVEREST Vault, and an optimized tax/fee structure, Altitude is entering an exciting new phase of growth and rewards. This strategic evolution reflects our unwavering commitment to delivering consistent value, rewarding loyalty, and fostering a thriving ecosystem for all stakeholders.In addition to the USDC vault if holders want to supply LP instead they can by supplying Altitude/cbBTC on OMNI to earn OMNI emissions + fees.
Join us on this journey as we scale new heights with Altitude. The future is bright, and we’re just getting started!