Points System
Overview
The JVAULT points system rewards users for deposits and longer lock commitments. Points are calculated off-chain and may be used for future airdrop distributions from trading platforms.
Points Formula
Points Formula
Points = Deposit Amount × Lock Multiplier × Lock Days
Lock Multipliers:
- 7 days: 1.0x
- 30 days: 1.3x
- 60 days: 1.6x
- 90 days: 2.0x
Examples
Short Lock (7 days)
Short Lock (7 days)
Deposit: $1,000 Lock: 7 days
Multiplier: 1.0x Points: $1,000 × 1.0 × 7 = 7,000 points
Medium Lock (30 days)
Medium Lock (30 days)
Deposit: $1,000 Lock: 30 days Multiplier: 1.3x
Points: $1,000 × 1.3 × 30 = 39,000 points
Long Lock (60 days)
Long Lock (60 days)
Deposit: $1,000 Lock: 60 days Multiplier: 1.6x Points: $1,000 × 1.6 × 60 = 96,000 points
Maximum Lock (90 days)
Maximum Lock (90 days)
Deposit: $1,000 Lock: 90 days Multiplier: 2.0x Points: $1,000 × 2.0 × 90 = 180,000 points
Points Efficiency
| Lock Period | Multiplier | Points per $1 per Day |
|---|---|---|
| 7 days | 1.0x | 1.0 point |
| 30 days | 1.3x | 1.3 points |
| 60 days | 1.6x | 1.6 points |
| 90 days | 2.0x | 2.0 points |
Insight: Longer locks are significantly more efficient for earning points.
Lock Mechanics & Points
During Lock Period
- ✅ Earn points daily at full multiplier rate
- ✅ Receive proportional yield from vault
- ❌ Cannot request withdrawal
- ❌ Cannot unlock early
After Lock Expires
- ✅ Can request withdrawal anytime
- ✅ Still earn yield until withdrawal (through NAV updates)
- ✅ Continue earning base points (1.0x)
- ⚠️ Lost multiplier benefits - need to lock again for bonus points
- ⚠️ Points stop only when withdrawal is completed (received USDC)
Points & Lock System
Key Rules:
- All JVAULT holders → Earn base points (1.0x) always
- Active lock holders → Earn multiplier points during lock period
- After lock expires → Back to base points (1.0x)
- Want multiplier again → Must create new lock
Examples:
Examples
User A: Deposit $100, lock 90 days → 200 points/day (2.0x) during lock Lock expires → User A gets 100 points/day (1.0x base rate) User A wants multiplier → Must lock again for 7/30/60/90 days
User B: Buys JVAULT on DEX → 100 points/day (1.0x base rate) User B wants multiplier → Must create new lock through dApp
⚠️ Important:
- During lock period, JVAULT tokens cannot be transferred
- Lock multiplier only applies during active lock period
- After lock expires, must lock again to get multiplier benefits
Points Tracking
Snapshot System
- Points calculated when deposit is made
- Stored off-chain in secure database
- Regular blockchain checkpoints for verification
- Immutable once lock period begins
Leaderboard
- Top 100 users by total points
- Updated daily
- Visible on dApp dashboard
- Historical rankings maintained
Future Utility
Points may be used for:
Potential Benefits
- 🪂 Airdrops: Future token distributions from trading platforms
Important Notes
⚠️ No Guarantee: Points do not guarantee future rewards
⚠️ Subject to Change: Utility may evolve based on protocol development
⚠️ Non-Transferable: Points are tied to wallet address
Points Strategy
Maximize Points
- Lock Longer: Higher multipliers for 60-90 day locks
- Larger Deposits: Points scale with deposit size
- Multiple Positions: Can have several locked positions
- Stay Active: Participate in community initiatives
Considerations
- Balance points vs. liquidity needs
- Longer locks = higher opportunity cost
- Points value is speculative
- Focus on vault performance first
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