Bond Points

Bond Points is the incentive program for Bond activity across Spot, Lending, Borrowing, and later Perps. Each weekly epoch has a fixed points pool, so users receive a pro-rata share based on their eligible activity.

Ramp-Up is the pre-Season 1 phase for Spot and Lending/Borrowing. It tracks the same backend scoring engine with a fixed 500,000 Bond points per week while Perps is still preparing for launch.

Liquidity Points come from hourly snapshots of supplied assets, borrow positions, and in-range Spot LP positions. Scores can include market multipliers, duration multipliers, borrow boosts, and in-range checks.

Trading Points are based on weekly trading scores such as notional volume, fees paid, maker/taker multipliers, and market multipliers. Season 1 expands this engine to include Perps activity.

No. Referral point rewards are minted on top of the fixed weekly pool, so referral bonuses do not dilute Liquidity Points or Trading Points earned by other Bond users.

The backend should exclude flash-loan borrow volume, wash trading, matched self-trading loops, zero-fee volume, and same-asset borrow loops that are designed only to farm points.