VIRTUS Protocol — Points Program
Effective Date: March 6, 2026
Version: 1.0
Overview
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 (0 VRT per week). Weekly emission begins only after the program ends.
How Points Are Earned
Liquidity Pool Points
Points = TVL of LP Position (In Range) × Time (Weeks) × 0.1
Points accrue only while the LP position is active and in range.
Multichain Swapper 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.
VRT Exchange
During the Points Program, users can acquire VRT through the VRT Exchange. Users exchange any supported token (converted to USDC via LP Swap or Multichain Swap) and receive veVRT NFTs with a direct lock.
Process
- Enter the amount to exchange.
- Select a commitment period — longer periods unlock better rates.
- VRT is converted to veVRT with corresponding voting power.
- Upon governance activation, vote for gauges and earn rewards.
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.
Key Details
- Accepted assets: all token types, converted to USDC via LP Swap or Multichain Swap
- Minimum lock: 3 months during the Points Program
- Maximum lock: 4 years
- Output: veVRT NFTs representing locked VRT with governance voting power
- Voting power decreases linearly as the remaining lock duration shortens
Lock Terms
VRT Exchange Participants
| Parameter | Value |
|---|---|
| Minimum Lock | 3 months |
| Maximum Lock | 4 years |
| Vesting | N/A — lock period serves as the commitment mechanism |
| Rights | Voting on liquidity pool gauges and receiving a portion of trading fees |
Liquidity Providers
| Parameter | Value |
|---|---|
| Lock | 4 years |
| Vesting | N/A — lock period serves as the commitment mechanism |
| Rights | Voting on liquidity pool gauges and receiving a portion of trading fees |
Points-to-VRT Conversion
Multichain Swapper and LP Swap Points
Fixed conversion rate: 1 Point = 1 VRT
Liquidity Provider Points
VRT = (User Points / Total Points) × Season Allocation
Season Allocation = 2,500,000 VRT per 1,000,000 USD TVL (Pro Rata)
Adjustment Clause
Final conversion parameters may be reviewed based on actual protocol usage, sustained liquidity depth, and fee generation performance. Adjustments are intended to preserve economic fairness, not to retroactively disadvantage participants.
Use of Funds
All Funds raised through the VRT Exchange are allocated exclusively to deepening protocol liquidity, strengthening trading depth, and reducing market volatility.
Initial Allocation
| 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.
Active During the Points Program
Operational:
- LP Points accrual
- LP Swap and Multichain Swap Points accrual
- VRT Exchange
- Real-time Points balance updates
Not active:
- Vote page is inactive
- Weekly VRT emission: 0 VRT
What Happens After the Points Program
1. Points-to-VRT Conversion — Executed according to the rules above.
2. Governance Activation — Vote and Lock transition to fully operational. veVRT holders vote on pool gauges, direct emissions, earn trading fees and bribes.
3. Emission Start — Protocol initiates weekly VRT emission. Initiation phase begins (Weeks 25–40).
Important Notices
No Guarantees: Points do not represent tokens, securities, or financial instruments. Points carry no intrinsic monetary value until converted to VRT. There is no guarantee of any specific VRT value at conversion.
Non-Transferable: Points are tied to the wallet address that generated them and cannot be transferred.
Protocol Discretion: VIRTUS Protocol reserves the right to modify program parameters to maintain economic fairness and sustainability. Changes will be communicated through official channels.
Risk Acknowledgment: Participation is subject to all risk disclosures in the VIRTUS Protocol Terms of Service.
© 2026 VIRTUS Protocol. All rights reserved.