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Loyalty Points Logic for Vault Participants

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Formula:

Loyalty Points are calculated hourly based on the following formula: Loyalty Points=USD Collateral Amount×0.00025×Elapsed Hours×Vault Multiplier\text{Loyalty Points} = \text{USD Collateral Amount} \times 0.00025 \times \text{Elapsed Hours} \times \text{Vault Multiplier}

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Key Components:

  1. Stake Delegation to Vaults:
    • Users receive Loyalty Points for every dollar of collateral staked in Ditto-compatible vaults (e.g., Symbiotic-supported vaults).
    • Points accrue hourly, rewarding long-term staking and commitment.
  2. Vault Multipliers:
    • Symbiotic Vaults: A base multiplier of 1.0x is applied if the entire vault’s stake is delegated to the Ditto Network. For example, if a vault has delegated $50M but has a total LRT value of $100M, the multiplier will be 0.5x.
    • Special promotions may include additional seasonal multipliers to attract more liquidity.
  3. Early Depositor Bonuses:
    • Loyalty Points are updated hourly and displayed in real-time on the Ditto Rewards Dashboard.

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Example Calculation:

A user stakes $10,000 in a vault that is fully delegated into the Ditto Network for 72 hours. Loyalty Points=$10,000×0.00025×72×1.0=180 Loyalty Points\text{Loyalty Points} = \$10{,}000 \times 0.00025 \times 72 \times 1.0 = 180 \text{ Loyalty Points}

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Loyalty Points Logic for Vault Curators

Vault curators act as intermediaries, managing liquidity allocation and optimizing staking strategies. Curators will be rewarded with Loyalty Points for their contributions, further aligning their interests with the success of the Ditto Network.

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Benefits of Loyalty Points for Curators:

  • Enhanced Profitability: Makes curating vaults more attractive by supplementing fee-based income.
  • Governance Alignment: Loyalty Points will grant curators influence in future governance decisions.

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Loyalty Points Rules and Conditions

  1. Gaming Prevention:
    • Users attempting to game the system by withdrawing and redepositing the same funds for double-counting points will have their multipliers reduced or points voided.
    • Loyalty Points are tied to sustained participation and cannot be accrued through wash staking.
  2. Eligibility:
    • Users must hold a position for a minimum of 2 days in a vault to qualify for Loyalty Points.
    • Points are only calculated for collateral that remains staked during the relevant period.

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Final Notes

  • The Ditto Loyalty Points Program is designed to reward long-term participation, incentivize early adoption, and align all stakeholders with the network’s success.
  • Points mechanics will be governed by Ditto’s smart contracts to ensure transparency and fairness.