Colend Points
Last updated
Last updated
As detailed in our Tokenomics, 14% of our total token supply is reserved for community growth initiatives, including airdrops. The Colend airdrop will be distributed after the Token Generation Event (TGE). The amount of tokens airdropped will be largely proportional to the time-weighted Total Value Locked (TVL) each user has contributed. This airdrop rewards early supporters of the platform who are the first to stake and participate in the initial phase.
The Leaderboard lets users estimate their potential rewards based on their deposited TVL and how long they’ve been participating in the protocol. The longer they provide liquidity, the more points they accumulate, giving them a clearer idea of their ranking before the token distribution.
Before the TGE and the Colend airdrop, the Points will determine the distribution of the airdrop. More points equate to a larger airdrop, though it is not a direct 1:1 conversion—1 Airdrop Point does not equal 1 token. Borrowing liquidity earns 3x more points compared to supplying it.
Points are generated from time-weighted TVL. For example:
$100 worth of TVL deposited for 1 day = 100 points
$100 worth of TVL borrowed for 1 days = 300 points
While liquidity provision is the main action rewarded with Airdrop Points, stay tuned for campaigns, events, and other opportunities to increase your allocation.
Deposit your assets, and start earning rewards through our community growth program!
