> For the complete documentation index, see [llms.txt](https://docs.onre.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.onre.finance/onyc-in-defi/onre-points-program.md). # OnRe Points Program ### Overview The OnRe Points Program rewards users for contributing real value to the OnRe ecosystem. Unlike traditional liquidity mining, OnRe Points reward capital that is actually being put to work. The program tracks how ONyc is deployed (held, lent, looped, pooled, or used to buy yield) and rewards activity that makes ONyc more useful as collateral. Points have no monetary value, are not transferable, and do not represent any entitlement to tokens, assets, or financial rewards. They exist to measure participation and to power the leaderboard at , where your standing may influence future benefits, incentives, and program rewards at OnRe's discretion. ### How it Works Every position you hold is measured once a day. For each position, the program looks at how much ONyc (or ONyc-equivalent value) you have deployed, how long you held it, and which venue and strategy you used. It then applies a shared base rate plus a set of OnRe-defined multipliers. The base rate is simple: **1 point per ONyc, per day.** From there, multipliers reward more active uses. Lending, looping, providing liquidity, and holding yield tokens all earn more than a balance sitting idle. {% code overflow="wrap" %} ```mermaid graph TD A["Hold or deploy ONyc
across supported venues"] --> B["Daily snapshot
balances measured each day"] B --> C["Per position points
ONyc held × days × venue multiplier × boosts"] C --> D["All positions summed
into total points"] D --> E["+ Referral bonuses"] E --> F["Leaderboard rank"] classDef onre fill:#F8FAFC,stroke:#D7DEEC,color:#111827,stroke-width:1px,font-family:Plus Jakarta Sans; class A,B,C,D,E,F onre; ``` {% endcode %} #### Single Position Points Formula {% hint style="info" %} #### Formula {% code overflow="wrap" %} ``` # Points for a single position (wallet, LP, lending, YT, etc.) position_points = ( onyc_equivalent_balance # Your ONyc exposure in this position * duration_days # How long you held it * base_points_per_onyc_day # 1 point per ONyc per day * venue_multiplier # Set per venue / strategy (see table below) * personal_multiplier # Optional per-user or campaign boosts ) ``` {% endcode %} {% endhint %} #### Total Points Formula Your total is the sum of every position you hold, plus any referral bonuses. {% hint style="info" %} #### Formula ``` # Total points for a wallet total_points = wallet_points # ONyc held in your wallet + lending_points # ONyc / stablecoins supplied to lending markets + looping_points # Leveraged ONyc loops + liquidity_points # ONyc side of LP positions + yield_token_points # Exponent YT and LP holdings + vault_points # ONyc deposited in supported vaults + campaign_boost_points # Active campaigns and boosts + referral_bonus_points # Referral program bonuses user_points = floor(total_points) # Final leaderboard score ``` {% endhint %} #### Where You Earn Points ONyc earns points wherever it is deployed, with rewards increasing based on how productively the asset is utilized within DeFi. In general, activities that strengthen ONyc’s utility as collateral receive higher multipliers. Reward multipliers vary by venue, strategy type, and active incentive campaigns, with each supported protocol applying its own base multiplier. OnRe may also periodically introduce limited time campaigns tied to specific venues, products, or ecosystem initiatives. Unless otherwise stated, campaign boosts stack on top of standard venue multipliers. Activities are grouped across several broad reward tiers:
TierActivityBase Multiplier
HodlHolding ONyc passively in your wallet1x
Provide LiquidityProvide ONyc liquidity across DEX pools and trading venues2x
Lend and DepositSupplying ONyc or stablecoins into lending markets, vaults, and structured yield strategies3x-4x
Yield TokensHolding ONyc YTs across fixed-rate markets5x
Loop and LeverageLeveraged ONyc looping and collateralized yield strategies 6x
For a detailed breakdown of supported ONyc strategies and integrations across DeFi, explore: {% content-ref url="/pages/VSCdS1ZFZwIe08DwAuMG" %} [DeFi Opportunities](/onyc-in-defi/defi-opportunities.md) {% endcontent-ref %} #### Points Are Never Clawed Back Once points are earned, they remain permanently associated with your wallet. Selling, transferring, or withdrawing ONyc only impacts future accrual and never reduces points already accumulated. The system is also designed to account for positions where balances may fluctuate rapidly. For strategies such as Exponent Yield Tokens that trade through an order book, points are calculated against the highest balance held during the accrual period and are floored at the value recorded at the time of any accounting change. In practice, this means points earned from historical activity only move upward over time and are never reduced retroactively. Market price movements also do not affect point balances. Accrual is based solely on ONyc exposure, not the market value of the position. ### Referrals Refer a friend and earn additional rewards together. When a new user joins through your referral link and begins building ONyc exposure: * **Referrers** receive a bonus equal to **10%** of the points earned by the referred wallet. * **Referred users** receive an additional **5%** bonus on their own point accrual. Referral rewards begin only after the referred wallet activates by reaching the minimum qualifying ONyc exposure threshold, currently set at 100 ONyc. Any points earned prior to activation are excluded from both referral bonuses, ensuring rewards are tied to new ecosystem participation and ongoing activity. {% code overflow="wrap" %} ```mermaid graph TD R["Referrer
shares code"] --> F["New user
signs up"] F --> A{"Holds
100+ ONyc?"} A -->|"Not yet"| W["Pending
no bonuses"] A -->|"Activated"| E["Referral
activated"] E --> U["+5% boost
to referred user"] E --> B["+10% bonus
to referrer"] classDef onre fill:#F8FAFC,stroke:#D7DEEC,color:#111827,stroke-width:1px,font-family:Plus Jakarta Sans; class R,F,A,W,E,U,B onre; ``` {% endcode %} ### Frequently Asked Questions #### What are OnRe Points? OnRe Points track your participation across the OnRe ecosystem. They reward holding ONyc and using supported products over time. Points are used for leaderboard rankings and may contribute to future incentives at OnRe's discretion. #### When do points update? Balances are recalculated continuously throughout the day, and the leaderboard's official daily ranking is captured at 00:00 UTC. Any activity or balance change is reflected in the next update cycle. #### Do I earn points just for holding ONyc? Yes. Holding ONyc in your wallet earns 1x point per ONyc per day, based on your balance at the daily snapshot. #### What determines how many points I earn? Points are based on: * The amount of ONyc you hold or deploy * How long you hold it * The product or strategy you’re using (the multiplier) * Any active campaign multipliers or boosts #### Which actions earn the most points? Generally, actions that put ONyc to work earn more than an idle balance: lending, looping, concentrated liquidity, and yield tokens. Active participation beats passive holding. #### Do campaign boosts stack with base multipliers? Yes. Campaign boosts apply on top of the base point rate unless stated otherwise in the campaign terms. #### Do leveraged strategies earn more? Yes. Leveraged strategies can earn more points because they increase effective ONyc exposure. This also comes with higher risk. #### Do I earn points on both sides of an LP? On automated market-maker pools, points are earned only on the ONyc side. Some lending and vault products do reward a supplied stablecoin leg. See [Where You Earn Points](#where-you-earn-points). #### Do I earn points on PT tokens within fixed-rate markets? No. ONyc Points are not earned on PT tokens within fixed rate markets. Points are instead accrued on positions that maintain direct ONyc exposure or contribute to ONyc utility across supported venues and strategies. PT tokens represent discounted future redemption value rather than ongoing yield exposure, and therefore do not currently qualify for point accrual. #### Are points time-based? Yes. Points accrue daily based on how much ONyc you hold or deploy at each daily snapshot. #### If I move or withdraw ONyc, do I lose points? No. You keep every point already earned. Moving or withdrawing ONyc only affects future accrual. #### Can I lose points if the value of the position changes? No. Price fluctuations never reduce points already earned. Only changes in your ONyc balance affect future points. #### Are points capped? There is no fixed global cap, but certain campaigns or strategies may have limits. Any caps are disclosed in advance. #### Why does someone else earn more points with similar capital? Common reasons include higher-multiplier venues, participation in boosted campaigns, longer holding periods, leveraged strategies, and earlier entry. #### Can multiple wallets owned by the same user participate? Yes, leaderboard rankings are based on wallet addresses. #### Do referral bonuses count? Yes, referral bonuses count toward your total points. When your referral builds ONyc exposure, you earn 10% of their points and they earn a 5% boost on their own points. Both apply only to points earned after they activate. #### Can I refer my own wallet? No. Self referrals are not permitted within the OnRe Points Program. #### Can a wallet have multiple referrers? No. Each wallet can only be linked to a single referrer. #### Is there a limit to how many wallets I can refer? No. A single wallet can refer an unlimited number of users. #### Is there a cap on referral rewards? No. There is currently no limit on the amount of referral rewards that can be earned. #### My points have not updated. What should I check? A few common things to check before opening a support ticket: * **Refresh timing.** Points are typically updated on an hourly basis under normal conditions, so newly opened positions or recent activity may take some time to appear. Official leaderboard snapshots are recorded daily at 00:00 UTC. * **New market launches.** When a new venue, campaign, or strategy goes live, point tracking may be enabled shortly after launch rather than immediately at activation. Eligible activity from that initial period is still accounted for once tracking begins. * **Minimum display threshold.** Wallets with fewer than 1 total accrued point may not yet appear on the leaderboard. If your points still appear incorrect after accounting for the above, please open a support ticket in the [OnRe Discord](https://discord.gg/onrefinance) and the team will investigate further. #### How can I check my current points? The ONyc Points API is publicly accessible and does not require an API key. To retrieve points data for a specific wallet, use: [https://rewards.api.onre.finance/api/v1/points/wallet/\](https://rewards.api.onre.finance/api/v1/points/wallet/) The response returns total accumulated points, current leaderboard rank, active multipliers applied to the wallet, and a full breakdown of points earned across supported venues and strategies. This allows users to see exactly where point accrual is coming from across the ONyc ecosystem. To access the paginated public leaderboard, use: #### Where can I see my leaderboard position? The leaderboard is available at: --- # Agent Instructions This documentation is published with GitBook. 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