Yield vs Points - Key Differences
Two Separate Reward Systems
JVAULT has two distinct reward mechanisms that work independently:
🏦 Yield (Through NAV)
- Who gets it: ALL JVAULT holders
- How it works: NAV increases when vault performs well
- When updated: Every Sunday after positions close
- No conditions: Lock status doesn't matter
🎯 Points (Loyalty Rewards)
- Who gets it: ALL JVAULT holders
- Base rate: 1.0x for everyone
- Multiplier: Only during active lock periods
- Purpose: Future airdrop distributions
Yield Distribution
Yield Distribution
Vault Performance → NAV Changes → All JVAULT Holders Benefit
Example: Week 1: NAV = $1.00 Week 2: Vault gains 5% → NAV = $1.05 Result: ALL JVAULT holders gained 5%, regardless of lock status
Yield Scenarios
| Holder Type | JVAULT Amount | Week 1 Value | Week 2 Value | Gain |
|---|---|---|---|---|
| Locked User | 1,000 | $1,000 | $1,050 | $50 |
| Unlocked User | 1,000 | $1,000 | $1,050 | $50 |
| DEX Buyer | 1,000 | $1,000 | $1,050 | $50 |
Key Point: Lock status has zero impact on yield distribution.
Points Distribution
Points Distribution
Lock Status → Points Multiplier → Future Airdrop Share
Base Rule: All JVAULT holders get 1.0x points Bonus Rule: Active lock holders get multiplier (1.3x - 2.0x)
Points Scenarios
| User | JVAULT | Lock Status | Points Rate | Daily Points |
|---|---|---|---|---|
| A | 1,000 | 90-day lock | 2.0x | 2,000 |
| B | 1,000 | No lock | 1.0x | 1,000 |
| C | 1,000 | Lock expired | 1.0x | 1,000 |
Lock Lifecycle Example
Lock Lifecycle Example
Day 0: User deposits $1,000, locks 30 days └── Gets: 1,000 JVAULT + 1.3x points multiplier
Day 1-30: Active lock period ├── Yield: Receives all NAV changes (same as everyone) ├── Points: 1,000 × 1.3 = 1,300 points/day └── Transfer: Cannot transfer JVAULT tokens
Day 31: Lock expires ├── Yield: Still receives all NAV changes
├── Points: 1,000 × 1.0 = 1,000 points/day (base rate) ├── Transfer: Can transfer JVAULT tokens └── Withdrawal: Can request withdrawal
Day 45: User wants multiplier again └── Must: Create new lock (7/30/60/90 days) to get bonus points
Common Misconceptions
❌ Wrong: "Locked users get more yield"
✅ Correct: All JVAULT holders get same yield through NAV
❌ Wrong: "Points continue at multiplier after lock expires"
✅ Correct: Points drop to base rate, must re-lock for multiplier
❌ Wrong: "Can transfer JVAULT during lock period"
✅ Correct: JVAULT is non-transferable during active lock
❌ Wrong: "DEX buyers don't get any rewards"
✅ Correct: DEX buyers get full yield + base points
Strategic Implications
For Yield Maximization
- Lock status irrelevant for yield
- Focus on vault performance and NAV growth
- Consider withdrawal timing (Sunday settlements)
For Points Maximization
- Longer locks = higher multipliers
- Must re-lock after expiration for continued bonuses
- Balance liquidity needs vs points accumulation
For Liquidity Management
- Locked tokens cannot be sold/transferred
- Plan lock periods carefully
- Consider multiple smaller locks instead of one large lock
FAQ
Q: Do I earn less yield if I don't lock? A: No, yield is identical for all JVAULT holders.
Q: What happens to my points when lock expires? A: Points continue at base rate (1.0x). You must re-lock for multiplier.
Q: Can I sell JVAULT during lock period? A: No, JVAULT tokens are non-transferable during active locks.
Q: Do DEX buyers get the same yield? A: Yes, yield is distributed equally to all JVAULT holders.
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