NUVA Points

Definition: Core engagement and reward metric
- NUVA Points are a reward system that tracks user activity and contribution to the NUVA ecosystem. Points represent your participation and engagement across all NUVA products and features.
How they represent contribution, activity, participation
- You earn NUVA Points by:
  - Depositing into vaults (vaulted points)
  - Providing liquidity on DEXs (DEX points)
  - Participating in DeFi protocols (DeFi protocol points)
  - Referring other users (referral points)
  - Creating social content (social engagement points)
- Points accumulate based on the size, duration, and nature of your participation.
Connection to future token allocations
- NUVA Points will determine eligibility for future token airdrops and governance participation.

Faucet 1: Vaulted Points

Earned by: Depositing USDC into vaults (nuYLDS, nuHELOC, or future vaults)
How it works: The longer you hold vault tokens and the greater the value locked, the higher your point accumulation rate.
Multipliers:
- Lock duration: Longer holdings = higher multiplier (e.g., 90-day holds earn more points than 7-day holds)
- Vault type: Different vaults may have different point weights
Impact: Influences seasonal reward allocation. Vaults with higher point weights receive more seasonal rewards.

Faucet 2: DEX Points

Earned by: Providing liquidity on allowlisted DEXs
Currently allowlisted: Curve
How it works: Points accumulate based on:
- Depth of liquidity provided
- Duration of liquidity provision
- Pair composition (certain NUVA pairs earn more points)
Multipliers:
- Stable pools: Stable-to-stable pairs earn bonus multipliers
- NUVA vault pairs: Pairs involving NUVA vault tokens earn additional multipliers

Faucet 3: DeFi Protocol Points

Earned by: Participating in strategic DeFi protocols
Currently allowlisted:
- Pendle: YT (Yield Token) engagement
- Morpho: Lending/borrowing activities
How it works: NUVA tracks your positions in these protocols and calculates weighted contribution scores based on your level of participation.

Faucet 4: Referral Points

Earned by: Referring users who deposit into vaults
How it works: When someone you refer deposits into a vault, you earn referral points based on:
- Referred user's deposit amount: Larger deposits = more referral points
- Hold duration: Points continue to accrue as long as the referred user holds
- Referrer's own activity: Your personal activity level affects your referral multiplier
Caps: Per season (fairness + spam prevention). There are seasonal caps on referral points to prevent gaming and ensure fair distribution.

Faucet 5: Social Engagement Points

Earned by: Creating and sharing content on allowlisted platforms
Currently allowlisted: X (Twitter)
How it works: Points accrue based on:
- Value (quality/reach of content)
- Duration (how long content remains engaged)
- Engagement multipliers (likes, retweets, replies)
Dynamic scaling ensures that high-quality, well-engaged content earns more points.

Lock duration multipliers
- Longer vault token holdings receive higher point multipliers:
  - 7-day hold: 1x multiplier
  - 30-day hold: 1.5x multiplier
  - 90-day hold: 2.5x multiplier
  - 365-day hold: 4x multiplier
- Example: Holding $10,000 in nuYLDS for 90 days earns 2.5x more points than holding for 7 days.
Vault type weightings
- Different vaults may have different point weights based on strategic importance:
  - nuYLDS: Standard weight (1x)
  - nuHELOC: Higher weight (1.5x)
  - Future vaults: Weights TBD
Seasonal adjustments
- Point multipliers and weights can be adjusted each season based on protocol needs and community feedback.
How multipliers compound
- Multipliers stack multiplicatively. For example:
  - Vault type multiplier: 1.5x (for nuHELOC)
  - Lock duration multiplier: 2.5x (for 90-day hold)
  - Combined multiplier: 1.5x × 2.5x = 3.75x
- This means a $10,000 deposit in nuHELOC held for 90 days earns 3.75x the base points.

What is a "season"?
- A season is a defined period during which points accumulate toward a specific goal (such as a token airdrop eligibility snapshot). Each season has a defined start and end date.
Season duration
- [Season duration to be specified - e.g., 3 months per season]
Points reset mechanism
- At the end of each season, points reset to zero for the next season. This ensures that all participants have an equal opportunity each season, rather than earlier participants accumulating an insurmountable advantage.
- Note: Points accumulated in previous seasons will contribute to your overall airdrop allocation, but they reset for future seasons.
Announcement of new seasons
- New seasons are announced via Twitter (@NUVAFinance), Discord, and the NUVA app at least 2 weeks before the season ends, giving users time to plan their participation.

Token airdrop eligibility
- Accumulating NUVA Points makes you eligible for the NUVA token airdrop. The amount of points you accumulate determines your allocation from the total airdrop pool.
Governance participation rights
- In future phases, NUVA Points may determine your voting power in governance. Users with more points will have greater influence on protocol decisions.
Future utility (on-chain credit score)
- Future versions of NUVA Points may be converted into an on-chain credit score, which could enable:
  - Borrowing limits
  - Collateral efficiency improvements
  - Access to advanced features
Access to future vaults (post-launch)
- Certain future vaults may require a minimum NUVA Point balance or grant higher point multipliers to active NUVA Point holders.
Borrowing limits (future feature)
- Future features may allow NUVA Point holders to access borrowing or leverage, with borrowing limits determined by point balance.
Reward tier levels
- Users may progress through tier levels (e.g., Bronze, Silver, Gold, Platinum) based on point accumulation, unlocking increasingly valuable multipliers and benefits.

Tokenomics

The NUVA Foundation

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