Points Program
The Points Program runs for 6 months (Weeks 1–24) from protocol deployment. It rewards users for on-chain activity across Liquidity Pools and the Multichain Swapper. Points convert to VRT under predefined rules after the program concludes.
During the Points Program, no VRT emissions occur — weekly emission begins only after the program ends at Week 25.
How Points Accumulate
Liquidity Pool Points
Points = TVL of LP Position (in range) × Time (weeks) × 0.1
Points accrue only while the LP position is active and within its configured price range. Out-of-range positions do not accumulate Points.
Multichain Swap and LP Swap Points
1 USDC of swap value = 1 Point
Points are credited based on the USDC-equivalent value of each executed swap. Both LP Swap and Multichain Swap generate Points during the program.
Points-to-VRT Conversion
Swap Points (Multichain Swap + LP Swap)
Fixed rate: 1 Point = 1 VRT
LP Points
Pro-rata allocation based on share of total LP Points:
VRT = (User's LP Points / Total LP Points) × Season Allocation
Season Allocation: 2,500,000 VRT per $1,000,000 USD TVL (pro rata)
On-chain verification: AirdropDistributor contract 0xAB9A5F57e7cE980643cE390E3Fe4029753202748
Points Supply
| Allocation | Amount |
|---|---|
| Points Program Supply | 30,000,000 VRT |
Minted at protocol deployment. Distributed based on activity throughout the 6-month program. No additional VRT are minted for the Points Program after the initial allocation.
Adjustment Clause
Final conversion parameters may be adjusted only if total protocol TVL or fee generation deviates significantly from baseline assumptions. Any adjustment will be published with rationale prior to execution. Adjustments cannot retroactively reduce Points already earned by participants.
Points Properties
| Property | Detail |
|---|---|
| Monetary value | None — Points are not tokens, securities, or financial instruments |
| Transferability | Non-transferable — tied to the wallet address that generated them |
| Expiry | No expiry during the program; convert to VRT after program concludes |
| On-chain | Balances updated in real time and verifiable on-chain |
VeLock Portal
During the Points Program, users can acquire veVRT directly through the VeLock Portal — without waiting for the program to end.
How It Works
- Enter the amount to convert (any supported token, converted to USDC via LP Swap or Multichain Swap)
- Select a lock duration — longer durations correspond to different pricing
- Receive veVRT NFT with corresponding voting power locked for the chosen duration
- Upon governance activation, vote for gauges and may receive fee distributions and voting incentives
Pricing by Lock Duration
| Lock Period | Price per VRT |
|---|---|
| 4 years (maximum) | $0.01 |
| 1 year | $0.04 |
| 3 months (minimum during Points Program) | $0.07 |
Pricing scales linearly between reference points. Longer commitment = lower price per VRT.
Key Details
- Accepted assets: any token type — converted to USDC via LP Swap or Multichain Swap
- Minimum lock: 3 months during the Points Program
- Maximum lock: 4 years
- Output: veVRT NFT representing locked VRT with governance voting power
- Voting power decreases linearly as remaining lock duration shortens
- All VeLock Portal funds are used exclusively to deepen protocol liquidity and strengthen trading depth
VeLock Portal Transparency
All VeLock Portal transactions are executed on-chain and publicly verifiable on BaseScan. Proceeds received into the Operational Wallet (0xDD0D8b5ED94201caB79A0e007c1818C7B7741f98) are traceable in real time. No periodic reporting is required — the blockchain is the source of truth.
Lock Terms
VeLock Portal Participants
| Parameter | Value |
|---|---|
| Minimum lock | 3 months |
| Maximum lock | 4 years |
| Rights | Voting on gauges + may receive fee distributions upon governance activation |
Liquidity Providers (LP Points conversion)
| Parameter | Value |
|---|---|
| Lock | 4 years |
| Rights | Voting on gauges + may receive fee distributions upon governance activation |
What Is Active During the Points Program
| Feature | Status |
|---|---|
| LP Points accrual | Active |
| LP Swap and Multichain Swap Points accrual | Active |
| VeLock Portal | Active |
| Real-time Points balance | Active |
| Vote page | Inactive |
| Weekly VRT emission | 0 VRT |
Epoch Cycle
| Step | Timing |
|---|---|
| Points Program duration | Weeks 1–24 (6 months) |
| Points-to-VRT conversion | After Week 24 concludes |
| Governance activation | Vote & Lock become fully operational |
| Weekly VRT emission start | Week 25 — Initiation phase begins (×1.03 coefficient) |
After the Points Program
1. Points-to-VRT Conversion — executed according to the rules above; LP Points converted pro-rata, Swap Points at 1:1.
2. Governance Activation — Vote and Lock pages transition to fully operational. veVRT holders vote on gauges, direct emissions, and may receive fee distributions and voting incentives.
3. Emission Start — Protocol initiates weekly VRT emission. Initiation phase begins (Weeks 25–40, starting at 10,000,000 VRT/week with ×1.03 weekly growth).
Legal & Regulatory
Points are a protocol-level activity tracking mechanism. Participation does not constitute an investment, a public offering, or a solicitation of funds. Points have no monetary value, are non-transferable, and carry no guarantee of future conversion. The conversion of Points to VRT is subject to predefined protocol rules and may be modified or discontinued. Participation is not available to persons in jurisdictions where such programs are prohibited or restricted.
See Legal Disclaimer and Terms of Service for the full risk disclosure.
Last updated: May 2026 — Version 1.1
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