Points
Ten points to Gryffindor!
Last updated
Ten points to Gryffindor!
Last updated
Points are given to those who use our protocol, participated in the testnet, or were holders of planted(staked) $MANGO tokens during the liquidation snapshot.
Point farming will end when Coupon Finance releases the protocol token, $CPN. You can get points by contributing to the TVL.
For every dollar's worth of assets deposited into Coupon Finance per hour, you earn one point. For instance, depositing 2 ETH for 24 hours, with ETH valued at $2000 at the time of deposit, nets you 96,000 points (calculated as 2 ETH * $2000 * 24 hours). Note: The asset price used for each position is set independently, and updates are triggered on withdrawal.
For every dollar's worth of assets used as collateral on Coupon Finance per hour, you earn one point. For instance, if you put up 2 ETH for 24 hours, with ETH valued at $2000 at the time of the loan, it nets you 96,000 points (calculated as 2 ETH * $2000 * 24 hours). It does not matter how much you borrow; it depends on the collateral size. Note: The asset price used for each position is set independently, and updates are triggered whenever the collateral size changes.
Those who have participated in the now-closed Testnet will receive 100,000 points. This is equivalent to depositing 100 USDC for 1000 hours.
Individuals holding planted $MANGO tokens at the time of the liquidation snapshot will receive points. The calculation is based on the $pMANGO balance divided by 10, discarding any remainder. You can find the snapshot balances . (Note: These balances are in raw format with 18 decimals. Divide by 10^18 to convert to a standard balance.)