USDN, our composable yield stablecoin for the modular ecosystem is now live! Along with it comes a points program that allows users to unlock more value from their USDN deposits. The rewards program will run for the next four months starting March 5th and has two unique ways for users to unlock even more value from their USDN:

Refresher

USDN is a one of a kind, customizable and composable yield stablecoin for the modular ecosystem built using the M^0 stack and leveraging Wormhole NTT for cross-ecosystem interoperability. 

How to Earn Points

The first way to unlock more value from your USDN is by depositing USDN to the points vault. Token holders with USDN in the points vault will earn tokens as: # of days in vault x amount/100 x multiplier. The multipliers are:

1-29 days: x0

Note: Points come into effect after 30 days, so withdrawing USDN before 30 days have elapsed earns you zero points.

30-59 days: x1

60-89 days: x1.25

90-119 days: x1.5

120+: x1.75

Example User

A user who locks 1000 $USDN will earn points per day as follows:

Day 1-29: (1-29) x 1000/100 x 0=0 points

Day 30: 30 x 1000/100 x 1= 300

Day 60: 60 x 1000/100 x 1.25= 750

TVL Milestones

Bonus rewards will be distributed when specific $USDN TVL targets are reached such as 10M, 50M, 100M, 200M, 500M etc. 

Milestone payouts equal 5% of program points (proportional to holdings at the milestone), and TVL must sustain that level for 24 hours to trigger rewards. Points will be rewarded at the end of the campaign and only users who had USDN in the vaults during the time of TVL triggers will earn extra points here.