Secured Finance Points (SFP) v2
Quantifiable incentives designed to build and sustain a robust and active community
Last updated
Quantifiable incentives designed to build and sustain a robust and active community
Last updated
Secured Finance Points (SFP) v2 is a simplified and user-friendly reward system designed to enhance user experience while reflecting individual contributions to the Secured Finance Protocol. These electronic points serve as a versatile metric to quantify user engagement, determine community rankings, and allocate rewards in a transparent and equitable manner. By streamlining the system, SFP v2 ensures a seamless and rewarding experience for all participants.
The point system pre-launch phase started on the Filecoin blockchain on June 19, 2024, at 12:00 AM (UTC). The global launch followed on June 28, 2024, at 12:00 AM (UTC), expanding to Ethereum, Arbitrum, Avalanche, and Polygon zkEVM. The updated v2 system will be implemented starting December 27, 2024 at 12:00 AM(UTC). Accumulated points will remain intact, and new points will be added to the existing totals.
SFP: Non-transferable points with no economic value, representing user activities and contributions.
SFC: Governance tokens distributed periodically, using SFP as a reference for reward calculations.
Initially, 1% of the total SFC supply is allocated for airdrops.
This allocation can increase to:
2% if the protocol's TVL reaches $50M.
3% if TVL reaches $100M.
Original contributors from early campaigns will be rewarded separately with SFC tokens, acknowledging their foundational support.
SFP can be earned through various activities within the Secured Finance ecosystem:
Increasing TVL.
Providing order-book liquidity.
Introducing new users via referrals.
Logging in daily to the platform.
Secured Finance has introduced a points system to quantify and reward user contributions to the ecosystem's success. Points can be earned through five primary activities: Deposits, Limit Orders, Active Positions, Referrals, and Daily Login.
As new products and features are added, additional ways to earn points may also emerge. The points accumulated are directly tied to future airdrops.
Purpose: Rewards users for deposits, which provide the foundation for protocol liquidity.
Earning Method: 1 point per $1 deposited per 24 hours.
Purpose: Incentivizes users to provide order-book liquidity and improve market efficiency.
Earning Method: 2 points per $1 per 24 hours, for orders placed within 20% of the Mark Price.
Eligibility: No points are awarded for orders placed beyond 20% of the Mark Price.
Purpose: Rewards users for maintaining active positions, which contribute to ecosystem growth.
Earning Method: 2 points per $1 per 24 hours, irrespective of position duration.
Purpose: Encourages user referrals to grow the community.
Referrer Benefits:
Earn 5% of the points earned by referred users.
New User Benefits:
Receive 50 welcome points when joining via a referral link.
Earn a 5% bonus on all points earned.
Purpose: Encourages regular engagement with the platform.
Earning Method: 10 points per day for logging in and connecting your wallet.
Visit the to track your points, rankings, and referral activit
The is designed to monitor earned points from various activities and quickly identify tasks for user contributions from active quests. Users can see their points, ranking, a referral link, and active quests on the dashboard.
