> For the complete documentation index, see [llms.txt](https://about.umami.finance/umami-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://about.umami.finance/umami-finance/gm-vaults/double-dip-campaign.md).

# Double-Dip Campaign

The Double-Dip Campaign is Umami’s new **limited-time rewards initiative** designed to reward long-term depositors with more than just real yield. By staking your GM Vault deposits, you’ll continue earning passive returns as always, but now with a second stream of rewards, $SEED tokens.

This second stream doesn’t dilute vault performance. **It complements it.**

It’s simple, but limited:\
**Real Yield + $SEED Rewards = Double-Dip Yield.**

{% hint style="info" %}
The Double-Dip Campaign will continue **until the $Bonsai supply in the Redemption Pool is fully depleted**. (**2 million $Bonsai tokens)**
{% endhint %}

### What is $SEED?

$SEED is a rewards token for stakers of Umami’s GM Vaults.

It exists on Aribtrum and Base, and serves a single purpose: to be redeemed for discounted $Bonsai. Once you earn $SEED, you can pair each token 1:1 with $Bonsai, vest the pair for 1 week, and then purchase that $Bonsai with ETH at a \~10% discount.

<figure><img src="/files/MdZukqAe4qIuL7GZ3bSU" alt=""><figcaption></figcaption></figure>

**It’s simple, but limited.**&#x20;

The Redemption Pool only holds 2 million $Bonsai, and redemptions are processed first-come, first-served.&#x20;

Once the pool is empty, redemptions pause **until new supply is added**.

### How It Works

To earn $SEED, you’ll need to do two things.

1. Deposit into the GM USDC Vault. If you’ve already done that, great! You’re halfway there.
2. Stake your vault deposit.&#x20;

As long as you’re staked, you’ll accumulate $SEED based on your share of the vault.

Unstaking will pause $SEED rewards. But more importantly, it will trigger **Deboosting**.

### Redemption Flow

Once you’ve earned $SEED, you can redeem it to access discounted $Bonsai.

Here’s what the process looks like:

1. **Pair 1 $SEED with 1 $Bonsai.**
2. **Vest the pair for 1 week.**
3. **After vesting, purchase $Bonsai using ETH at a 10% discount.**

<figure><img src="/files/aMXl4ugAH0WpGI3SU69L" alt=""><figcaption></figcaption></figure>

You don’t receive $Bonsai directly. You unlock the right to purchase it at a lower price, and the ETH you pay goes toward **protocol buybacks**, which support the ecosystem long-term.&#x20;

If you vest during a time when the Redemption Pool is empty, your vesting position will still complete, but you’ll have to wait until more $Bonsai is added to the pool before executing the purchase.

### USDC vs BTC/ETH Vaults

The two GM USDC Vaults are the primary target for the Double-Dip campaign, and will receive full exposure to the emissions stream. But ETH and BTC vaults will also receive a smaller boost in incentives.

To manage this effectively, ETH and BTC vault deposits will be **capped**.&#x20;

This is designed to reward early stakers while keeping the emissions balanced across the ecosystem.

### Where to Interact

$SEED rewards are earned inside the Umami vaults, but **everything else happens on the** [**Bonsai website**.](https://www.bonsaidao.xyz/vest)

That includes:

* Pairing $SEED with $Bonsai
* Vesting and executing redemptions
* Tracking Redemption Pool status

The Umami app will only show:

* The extra APR from SEED incentives
* Viewing and claiming your $SEED
* Clear breakdowns of staked, and liquid positions

### Things to Keep in Mind

* You must be staked to earn $SEED. Just depositing into the vault isn’t enough.
* The 10% discount from $SEED redemptions is variable.&#x20;
* Redemptions are limited by the supply of $Bonsai in the pool. If it runs dry, you’ll need to wait for more.

This is just the beginning of SEED. A new layer of rewards, designed to support the long-term growth of both the protocol and its community.<br>