HypurrFi Points

HypurrFi Points (HP) are now live for users to view historical weekly points rewards. Updated weekly, HP direct users to allocate funds to meaningful protocol actions including lending, borrowing, and providing liquidity for needed pairs on the HyperEVM.

There are 1,000,000 HP distributed linearly per week among all active HP earners. Each wallet is given a score based on relevant activity X multipliers for each pool, and the 1M HP are divided pro rata each week.

In addition to linear points distribution, users can also use the HypurrFi referral system called “Buddy Codes”. Earn 5% of another user’s score for each week when they enter your code. Add someone else’s code for a 5% bump to your weekly points. You can add only one user code yourself, but as many Buddies as you like can add yours. Alright!

Points on HypurrFi

As a HypurrFi user, you will have seen references to points on the dashboard since launch, including multipliers on particular assets and pools, and a directory of points incentives. That includes pools for HypurrFi-related assets on other protocols, including HyperBeat, KittenSwap, and Hyperswap. 

We will not release the complete scoring and calculation system for HP, however, we wanted to give you a quick overview of how we approach these incentives to give color on what’s important to HypurrFi if you’re excited about points.

HypurrFi’s Incentive Philosophy

HypurrFi only allocates points to encourage specific activities that are productive for the protocol.

Specifically, the aim is to incentivize active capital – that is, assets that are actually in demand, and which will lead to better liquidity, better borrowing availability, sustainable rates for lenders and borrowers, as well as swap efficiency. At this early stage of HypurrFi’s development, points provide an extra lever to help match demand as we discover and respond to market dynamics.

For example, the USOL/HYPE pair is 3x incentivized on Kittenswap, because for a protocol to function, liquidators need to be able to swap with minimal slippage. Another example is USDXL deposits to isolated markets, which helps USDXL hybrid-CDP stablecoin utility and peg. Points encourage people to buy USDXL from the open market and earn yield and HP.

Get Points from Your Buddy

We do have one market-neutral points allocation: Buddy Codes. Each HypurrFi user can generate a unique Buddy code, and each user can input one other user’s code. (Navigate to the Points button, then the Buddy Codes tab, to find this feature.) Anyone who uses your Buddy Code will get 5% of your score as a weekly bonus, and you’ll get an additional 5% weekly for each person who links to your code. Many users can add your Buddy code – but each user can only add one Buddy, so choose wisely.

What we don’t incentivize, you’ll notice, is activity for its own sake. For instance, we incentivize liquidity within narrow price/rate ranges where it’s likely to actually be used – so you can’t just park capital way out on the rate curve and expect to be rewarded.

We’ve chosen this approach to points because we believe that true loyalty is driven by a great product and experience, not by incentives alone. Points, after all, won’t be piling up forever; our goal is to use the incentive program to react to demand in the short term. That will help us get ready to meet lasting demand and provide great service in the long term.

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