Points & Referral System — Phase 1 Modified
In our previous article, Points & Referral System, we mentioned the chains our Phase 1 would include and the TVL cap numbers as well.
With the recent announcement about our mainnet beta launch, our Points & Referral system is being modified. How so? Let us explain.
TVL Cap
LPs can add liquidity and earn points until the TVL reaches a cap, which is now $30,000 to start with.
Previously, we quoted that the TVL cap would be $100,000, with it being divided into 3 chains:
Polygon — $20,000
Arbitrum — $30,000
Ethereum — $50,000
But now, as we would be launching on Arbitrum only, our TVL Cap would be $30,000.
1.25x Multiplier
Our OG Explorers who have been providing liquidity in the A51/MATIC pool will get a 1.25x multiplier on their points.
Points to Remember
The program will consist of several phases. After each phase:
- TVL cap will increase.
- 25% points decrease per $1 of liquidity provided or managed.
Phase 1 Summary
TVL cap ➡️ $30,000
Chain➡️ Arbitrum
Referral bonus ➡️ Additional 10% of the referred users’ points
Referrals links that can be generated / user ➡️ 5
20 points bonus will be granted for using someone’s referral link.
Head over to the Moon Rock Hunt (Phase 1) Leaderboard.
