⚡SwayPoints

Swaylend is introducing an incentive mechanism called SwayPoints to attract new users, reward loyalty, and guide development to maintain a stable ecosystem. Below, we present the SwayPoints system and the initial values determined at launch.

The SwayPoints program incentivizes user engagement with the Swaylend protocol by rewarding various activities. These points reflect the dollar value of users’ participation and help them gain exposure to additional benefits such as earning Fuel Points.

How to Earn SwayPoints?

Swaylend users can earn SwayPoints through the following activities:

Supply Collateral Assets

Users receive 1 SwayPoint for every dollar’s worth of assets supplied in their Swaylend account as collateral.

If users hold $1,000 worth of assets on Swaylend, they earn 1,000 SwayPoints daily.

Provide Base Assets

All users who lend base assets and provide liquidity in available markets earn rewards. Specifically, users receive 3 SwayPoints for every dollar’s worth of assets supplied as Earn liquidity.

If users provide $500 worth of assets in Earn, they earn 1,500 SwayPoints daily.

Borrow Base Assets

All users who borrow base assets in available markets earn rewards. Users receive 5 SwayPoints for every dollar’s worth of assets borrowed from the protocol.

If users borrow $200 worth of assets in Borrow, they will earn 1,000 SwayPoints daily.

All points are calculated and assigned to user accounts every 24-hour cycle.

Can I earn multiple points at once?

Yes, users can earn multiple points simultaneously based on the positions they have opened on Swaylend.

For example, a user supplies $1,000 worth of assets as collateral and simultaneously borrows $200. They will earn points as follows:

• Collateral: $1,000 x 1 SwayPoint = 1,000 SwayPoints

• Borrowing: $200 x 5 SwayPoints = 1,000 SwayPoints

This totals 2,000 SwayPoints earned daily.

Please note that Swaylend reserves the right to modify any of the values without prior notice. However, all changes will be updated in the documentation immediately, so users are encouraged to revisit this page regularly for any updates. Users can see the status of their points and leaderboard on Swaylend Dashboard.