Points System

We recognize the critical role our community and users play in building and shaping the future of our platform. The community’s continued support and participation are invaluable to us, especially as we drive further innovation with Parallel. We are committed to ensuring all contributions to ParaX and Parallel is counted.

ParaX points

With ParaX, users were awarded points retroactively for their historical contributions to the protocol, receiving points for the following activities:
  • Borrowing and Lending
  • Ape Staking Activities
  • Marketplace Activities

Parallel points

After migrating, users can earn points for their new contributions to the protocol, currently receiving points for the following activities:
  • Borrowing and Lending
  • Ape Staking Activities
  • Marketplace Activities
And it doesn't stop there. There will be new ways to earn points as we continue to release our core products, including:
  • Depositing assets on our L2
  • Interacting with Parallel and other apps on the dashboard
  • Referring new users
  • And more!

Returning users

Users who have previously earned points on ParaX but are not currently utilizing the platform can still claim their points. Any unclaimed points by December 31, 2023 will be forfeited.

How are points counted?

The calculations for points encompass a number of factors spanning quantity, duration, activity, and more. These are the factors that are included in points calculations:
  1. 1.
    Sum per Day: The USD value of Supply, Borrow, BNPL, and Ape Staking
  2. 2.
    Fixed Points: From the 300% and 500% ParaX campaign boosts
  3. 3.
    Fixed Points: From the ParaX Vault NFT
  4. 4.
    Fixed Points: From the ParaX Medal NFT
Points are distributed weekly Friday at 8pm PST.
Last modified 2mo ago