Pareto Points & Referral Campaign
Pareto Points & Referral Program
Pareto Points (PP) reward users who contribute capital, take on debt, and actively deploy USDVE within the ecosystem. The system prioritizes debt creation and active USDVE deployment over passive holding.
Getting Access
Connect your wallet and complete your first onchain interaction to become an active user. This unlocks point earning and your referral link.
Qualifying first interactions:
Depositing collateral and minting USDVE
Depositing into the Stability Pool
Staying Active
Active status requires at least one contract interaction per month. Going a full calendar month without interacting removes your active status until you interact again. Inactive users are excluded from the median calculation and lose airdrop eligibility.
Interactions that count toward staying active:
Depositing or withdrawing collateral
Borrowing or repaying USDVE
Adding or removing LP
Staking or unstaking in the Stability Pool
Airdrop Eligibility: The Median Threshold
To qualify for the airdrop, your PP total must be above the median of all active users at the time of the final snapshot. Below the median means zero airdrop.
How the median is calculated:
All active users are ranked by total PP. The median is the PP value of the user at the 50th percentile. For example, with 1,000 active users, the median equals the PP of user #500 when sorted by points. The median updates daily so you can track your standing in real time, but the final snapshot at the end of the campaign is what determines actual eligibility.
The median is a moving target. As others earn more, you need to keep pace. Early users have an advantage, but cannot coast.
What you'll see in the app:
Your current PP total
If you are above or below the median
Your rank among active users
Earning Points
Core Actions
Hold sUSDVE
6 PP per $1 per day
Time-based
New. Highest rate in the program
Deposit collateral
0.25 PP per $1 per day
Time-based
While collateral remains
Borrow USDVE
2 PP per $1 of debt per day
Time-based
Rewards maintaining debt, not opening it
Provide USDVE liquidity (Hydrex)
0.75 PP per $1 per day
Time-based
USDVE/USDC pool
Stability Pool staking is being retired in favor of sUSDVE. Existing staker have a migration window to move their position.
Collateral Multipliers
Different collateral types earn bonus PP on deposits.
cbBTC
TBD
wstETH
TBD
weETH
TBD
Morpho wETH
TBD
Morpho USDC Prime
TBD
Debt Multipliers (Borrowing Points Only)
Borrow from 1 market
1.0x
Borrow from 2 markets
1.5x
Borrow from 3+ markets
2.0x
Social Actions
Join Discord
5 PP
One-time
Join Telegram
5 PP
One-time
Referral System
Once active, you have a permanent referral link with unlimited uses. Find it under the Referrals tab in the app.
A referral is credited once the person you referred starts earning points, meaning they deposit, borrow, or provide liquidity. Connecting a wallet alone doesn't trigger it.
Referral rewards: You earn 20% of all PP your referrals earn, forever. Referrals keep 100% of their own points, your bonus is additive, not taken from them. Your referral earnings are capped at your own activity level, so keep a position open to earn the full amount.
Protocol Milestones
When the protocol hits collective goals, one-time shared rewards unlock for all active users. You must be active at the time a milestone is reached to qualify.
$5M TVL
All active users: +1,000 PP
$15M TVL
All active users: +5% multiplier for 14 days
$30M TVL
All active users: +5,000 PP + exclusive badge
10M USDVE minted
All borrowers: +5% multiplier for 14 days
1,000 active users
Everyone: +2,500 PP
Tier System
Tiers unlock badge categories and provide visual progression, displayed next to your PP balance.
Green
0
Onboarding only
Circle, flat finish
Bronze
100,000
+ Base Ecosystem
Hexagon, matte finish
Silver
1,000,000
+ Pareto Zone & Health
Octagon, polished, subtle glow
Gold
5,000,000
All badges
Dodecagon, radiant, animated
Badge Multiplier System
Badges provide additive bonuses to your base PP earning rate. Multipliers stack, with a maximum combined bonus of +75%.
Multipliers are additive, not multiplicative. If you hold Pareto Master (+15%) and Influence Circle (+10%), your total bonus is +25%, turning a base daily rate of 100,000 PP into 125,000 PP. Each multiplier has a duration and requires you to maintain criteria. Falling below the criteria pauses the multiplier until you qualify again.
1. Onboarding Badges (All Tiers)
Funded & Ready
Deposit $220+
3 days
+500 PP
First Mover
Borrow 1,000+ USDVE
7 days
+2,500 PP
Committed Edger
Borrow 5,000+ USDVE
7 days
+5,000 PP
Whale Watcher
Deposit $30,000+
14 days
+7,500 PP
2. Debt Growth Badges (All Tiers)
Debt Builder
Maintain 5,000+ USDVE debt
14 days
+10,000 PP
Leverage Lord
Maintain 25,000+ USDVE debt
30 days
+30,000 PP
Credit King
Maintain 50,000+ USDVE debt
30 days
+75,000 PP
Debt Maxi
Increase debt by 25%+ month-over-month
30 days
+15% multiplier (60 days)
3. Full Loop Badges (All Tiers)
Rewards users who complete the optimal protocol loop: Deposit → Borrow → Deploy USDVE.
Loop Initiate
Deposit $1k+ AND borrow 500+ USDVE AND LP 500+ on Hydrex
7 days
+5,000 PP
Loop Master
Deposit $10k+ AND borrow 5k+ USDVE AND LP 5k+ on Hydrex
14 days
+20,000 PP + 10% multiplier (60 days)
Full Stack
Deposit $25k+ AND borrow 12.5k+ USDVE AND LP 12.5k+ on Hydrex
30 days
+50,000 PP + 20% multiplier (90 days)
4. Pareto Zone & Health Badges (Silver+ Tier)
Zone Keeper
Maintain Health Factor 1.5-2.0
7 days
+7,5000 PP
Pareto Master
Maintain Health Factor 1.5-2.0
30 days
+15% multiplier (90 days)
Capital Efficient
Maintain HF 1.05-1.1 on stablecoin vaults
14 days
+20% multiplier (60 days)
5. Activity & Retention Badges (All Tiers)
Marginal Gains
Active vault 30 days with 10k+ USDVE debt
+10,000 PP
Compound Efficiency
Active vault 60 days with 10k+ USDVE debt
+20,000 PP
Efficient Frontier
3+ vaults for 30 days with 10k+ USDVE debt each
+25,000 PP
Diamond Hands
Active vault 90 days with 25k+ USDVE debt
+50,000 PP + 10% multiplier (90 days)
6. Community & Referral Badges (All Tiers)
Influence Circle
Refer 10 active users who borrow 5k+ USDVE
+10% multiplier (60 days)
Ambassador
Complete ambassador program
+20% multiplier (90 days)
7. Base Ecosystem Badges (Bronze+ Tier)
Base Native
Hold a Basename
-
+1,000 PP
Hydrex Ally
Provide $1,000+ LP on Hydrex USDVE/USDC
7 days
+4,000 PP
Base Maxi
Connect with Coinbase Smart Wallet
-
+2,500 PP
Based
Use Vaultedge via the Base app
-
+5,000 PP
Earning Examples
Example 1: Basic User (30 days)
Deposits $10,000 collateral, borrows 5,000 USDVE, LPs all 5,000 USDVE on Hydrex.
Deposit
$10,000 x 1 PP x 30 days
300,000
Borrow (one-time)
5,000 x 20 PP
100,000
Hydrex LP
5,000 x 2,5 PP x 30 days
375,000
First Mover badge
-
2,500
Committed Edger badge
-
5,000
Debt Builder badge
-
10,000
Total
792,500 PP
Tier reached: Silver (~30 days)
Example 2: Full Loop User (30 days)
Deposits $30,000 collateral, borrows 15,000 USDVE, LPs 15,000 USDVE on Hydrex. Qualifies for Loop Master badge.
Deposit
$30,000 x 1 PP x 30 days
900,000
Borrow (one-time)
15,000 x 20 PP
300,000
Hydrex LP
15,000 x 2,5 PP x 30 days
1,125,000
Loop Master badge
-
20,000
Loop Master multiplier (+10% on days 15-30)
10% x ~1,012,500
101,250
Debt Builder badge
-
10,000
Total
~2,456,250 PP
Tier reached: Silver (~12 days)
Example 3: Power User with Multipliers (60 days)
Deposits $100,000 collateral, borrows 50,000 USDVE, LPs 50,000 USDVE on Hydrex. Earns Full Stack (+20%) and Pareto Master (+15%).
Deposit
$100,000 x 1 PP x 60 days
6,000,000
Borrow (one-time)
50,000 x 20 PP
1,000,000
Hydrex LP
50,000 x 2,5 PP x 60 days
7,500,000
Multiplier bonus (+35% on time-based, avg 45 days)
35% x ~10,125,000
3,543,750
Badges (various)
-
~200,000
Total
~18,243,750 PP
Tier reached: Gold (~17 days)
Example 4: Referral Earnings
You refer a user who earns 7,925,000 PP (Example 1). Your referral bonus: 20% x 792,500 = 158,500 PP.
What Drives the Most PP
1
Complete the Full Loop
Deposit + Borrow + LP unlocks maximum earning + best badges
2
Borrow more USDVE
One-time reward + enables LP earnings
3
LP on Hydrex
Highest daily rate (25 PP per $1)
4
Deposit more collateral
Enables larger borrows + daily accrual
5
Stack multipliers
Up to +75% on all time-based earnings
6
Refer active borrowers
20% of their lifetime PP
7
Stay active monthly
Required for airdrop eligibility
8
Join early
More time to compound = permanent advantage
Important Notes
Pareto Points are non-transferable and are not tokens
Points do not guarantee future rewards
Badge criteria are checked via daily snapshots
Multipliers require maintaining criteria. Falling below pauses the multiplier until you qualify again
Must remain above the median PP of active users to qualify for the airdrop
Active status requires at least one contract interaction per month
Campaign parameters may evolve to ensure fairness and protocol health
Last updated