Points

What are Nimbora Points?

Nimbora points are designed to incentivize and reward users for actively engaging with our platform. These points serve as a metric for off-chain measuring user activity and contribution within the Nimbora ecosystem, providing rewards based on participation levels.

Key Features of Nimbora Points:

1. Incentivization: Points encourage participation and engagement by rewarding users for their contributions to the Nimbora ecosystem. These contributions may include providing liquidity (borrow and yield strategies) or promoting adoption (referrals)
2. Utility: Beyond their monetary value, Nimbora points will offer utility within the Nimbora ecosystem. Users will be able to utilize these tokens to access premium features and get additional rewards.

Types of Nimbora Points:

• Earn Points: Earn points for depositing assets to any of our earn strategies.
• Borrow Points: Earn points for borrowing LUSD against ETH in our borrow module.
• Referral Points: Earn a fraction of the points your referrals and their invitees make.
• Rank Points: Earn extra points based on your leaderboard position, with the top performers having higher earning rate.

How are on-chain points calculated?

Earn

The earn points are calculated daily based user assets deposited in all earn troves.

Example:

nsDAI strategy enables users to put their DAI to use. Users participating in the strategy will get nsDAI token - representing DAI-equivalent yield-bearing tokens.

The median daily price sourced from Pragma oracles (if not stablecoin) is utilized in this calculation process.

Day	nsDAI balance	USD equivalent	Points
1	3000	3000	3000
2	3000	3200	3200
3	3000	3400	3400
/	Total points		9600

Borrow

The borrow points are calculated based on the daily user collateral ETH deposited in all Liquity troves.

We use the ETH median daily price fetched from Pragma oracles to calculate the pts.

Day	User’s daily ETH collateral balance	ETH price USD	Earn points
1	1	3000	3000
2	0.5	3200	1600
3	0	2800	0
/	total points earn		4600

Referral

Before calculating the referral points for each user, a boost is applied to the on-chain users pts (borrow + earn). By default, the boost is 10%, but strategic partners and users joining through them can receive a higher boost.

The referral points are calculated based on the referral relation between users.

For example, we have this referral table:

Referral	Invited User
Alice	Bob
Alice	Carlo
Bob	Sarah
Carlo	Alex

and this is the daily points per user

User	Points
Alice	100
Bob	200
Carlo	300
Sarah	100
Alex	100

First, we boost the users’ points

referral points = (User points * boost) + (10% Bob + 10% Carlo + 5% Sarah + 5% Alex)

Using the boosted points we calculate the referral points.

• Alice receives:
  • 10% from Bob and Carlo direct invitee
  • 5% from Sarah and Alex first invitee of a direct invitee.
• Bob receives:
  • 10% from Sarah direct invitee
• Carlo receives:
  • 10% from Alex direct invitee
• Sarah and Alex receive nothing haven’t invited anyone.

The following table was calculated using boosted balances.

User	Alice	Bob	Carlo	Sarah	Alex	TOTAL
Alice	-	22	33	11	11	77
Bob	-	-	-	11	-	11
Carlo	-	-	-	-	11	11
Sarah	-	-	-	-	-	-
Alex	-	-	-	-	-	-

Rank

Rank points represent extra points earned based on your leaderboard position, with the top performers having higher earning rate.

This table represents points bonus based on the leaderboard position:

Leaderboard	Boost %
1-50	20%
51-150	15%
151-500	10%
501-1000	5%
1001+	0%

This table represents points breakdown with the Rank points taken into the account:

Leaderboard	Earn points	Borrow points	Referral points	% boost	Rank points	Total
1-50	100	50	50	20%	40	240
51-150	80	20	0	15%	15	115
151-500	70	0	10	10%	8	88
501-1000	30	10	0	5%	2	42
1001+	30	5	0	0%	0	35

Info: When users have the same points the register timestamp is used to order them.