# Benefits of Holding pstAVAX While `pstAVAX` holders forgo staking yield, they gain direct exposure to the growth and success of the Hypha protocol itself through **additional incentives and perks** directly from Hypha. The primary benefit for holding `pstAVAX` is eligibility for direct rewards, starting with a significant token airdrop. ### The Early TVL Fair Launch Program The first major incentive for `pstAVAX` holders is the **Early TVL Fair Launch Program**, a key part of the **L1 Season campaign**. This program is designed to bootstrap the first **$100 million in Total Value Locked (TVL)** for `pstAVAX` and **airdrops** 3.5% of the total HYPHA token supply to these early supporters. The program is structured in four tiers, with rewards being higher for earlier depositors: * **First $25m of TVL**: Rewards at the highest rate (5 bps for every 1m). * **$25m to $50m of TVL**: Rewards at the second-highest rate (4 bps for every 1m). * **$50m to $75m of TVL**: Rewards at the third-highest rate (3 bps for every 1m). * **$75m to $100m of TVL**: Rewards at the fourth-highest rate (2 bps for every 1m). **Airdrop Vesting**: The resulting airdrop for participants will be 50% unlocked at the token launch, with the remaining 50% vesting linearly over the following 6 months. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.hypha.sh/liquid-staking/pstavax/benefits-of-holding-pstavax.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.