Introducing Arcadia Points
Use Arcadia and earn Arcadia points.
Overview
Arcadia points are now live on arcadia.finance.
Points can be earned in two ways on Arcadia. As the protocol grows, the ways to earn points might change, so keep an eye out for new opportunities!
The initial points program will last for 3 months.
How to earn points
Users can earn points on Arcadia by lending and borrowing assets. Every user with deposits on Arcadia has already been earning points.
Lenders
Lenders earn 1 point for every $1 deposited in the lending pools per hour.
Strategy users (borrowers)
Strategists earn 0.1 points for every $1 of debt per hour.
The more you lend or borrow, the more points you earn. The longer you lend or borrow, the more points you earn. The earlier you lend and borrow, the more points you earn. If you lend AND borrow, you earn more points.
In other words, if you want to maximize the amount of points you earn — be early, lend and borrow more, lend and borrow for longer.
Points can decay for inactivity
If you are a lender and withdraw funds from the pool, you lose points.
If you are a borrower and withdraw funds from your account, you lose points.
Points boost
Lenders and borrowers can earn a points boost on top of the baseline points they already earn for using Arcadia. Points boost are multipliers that are applied to the points you earn. Points boost don’t compound.
Points boost are applied every Wednesday, rewarding the previous week actions.
The points boost available right now:
- week 1: 2x boost
- week 2: 1.5x boost
- week 3: 1.2x boost
- week 4: 1.2x boost
Week 1 starts the week of April 1st 2024. This means that if you lend and/or borrow this week, your points will earn a 2x boost automatically. This will be reflected in your account the following Wednesday.
Multipliers decrease over time, starting with a 2x boost for the first week. This is intended to reward early participation.
New boost may be applied over time. Turn on your notifications for Arcadia to stay up to date.
Arcadia V1 users will be awarded with an additional points boost. But you have to use Arcadia v2 to activate them.
Arcadia OGs will have a special boost. They can earn a 3x boost multiplier during the first month when they link their Discord status to their Base address.
TLDR
- Arcadia lenders and borrowers earn points for using the protocol.
- Lenders earn more than borrowers
- Points decay when you withdraw.
- Points boost (multipliers) are applied on top of the baseline points you earn.
- To maximize the amount of points you earn, lend and borrow early, lend and borrow more, and lend and borrow for longer.
- The points program lasts for 3 months.
