🪙Echo Points

How to earn Echo points? Users can simply bridge, deposit, borrow or stake to earn Echo Points. Amount of points earned will be based on the type of actions and amount of assets. There are a total of four ways that users can earn points:

1) Echo Bridge

Formula = 1 Echo point for every $100 value bridged per 24 hour

e.g. Taking 1 aBTC as 600 points (ref price. $60,000)

Cutoff time is 00:00 UTC +8

Snapshot is 00:00 UTC +8

Minimum bridge duration is 24 hours for user to be eligible for Echo points.

Example A Alice mints 2 aBTC at 12:00pm 1st August 2024 At 12:00pm 10th August 2024, Alice receives = 2 x 600 x 10 of Echo Points

Example B Alice mints 2 aBTC at 1:00am 1st August 2024 At 2:00am 10th August 2024, Alice receives = 2 x 600 x 10 of Echo Points

Example C Alice mints 0.1 aBTC at 12:01am 1st August 2024 At 11:59pm 1st August 2024, Alice receives = 0.1 x 600 x 0 of Echo Points

Example D Alice mints 0.1 aBTC at 12:01am 1st August 2024 At 12:01am 2nd August 2024, Alice receives = 0.1 x 600 x 1 of Echo Points

2) Echo Lending

Supplying

Formula = 2 Echo points for every $100 value supplied per 24 hour

e.g. Taking 1 aBTC as 1200 points (ref price. $60,000), Taking 1 APT as 0.14 points (ref price. $7) Cutoff time is 00:00 UTC +8

Snapshot is 00:00 UTC +8

Minimum deposit/lending duration is 24 hours for user to be eligible for Echo points.

Example A Alice supplies 2 aBTC on Echo Lend at 12:00pm 1st August 2024 At 12:00pm 10th August 2024, Alice receives = 1200 x 2 x 10 of Echo Points

Example B Alice supplies 0.1 aBTC on Echo Lend at 12:01am 1st August 2024 At 12:01am 2nd August 2024, Alice receives = 1200 x 0.1 x 1 of Echo Points

Example C Alice supplies 100 USDT on Echo Lend at 12:01am 1st August 2024 At 12:01am 2nd August 2024, Alice receives = 2 x 100 x 1 of Echo Points

Example D Alice supplies 100 APT on Echo Lend at 12:01am 1st August 2024 At 12:01am 2nd August 2024, Alice receives = 0.14 x 100 x 1 of Echo Points

Borrowing

Formula = 5 Echo points for every $100 value borrowed per 24 hour

e.g. Taking 1 aBTC as 3000 points (ref price. $60,000), Taking 1 APT as 0.35 points (ref price. $7) Cutoff time is 00:00 UTC +8

Snapshot is 00:00 UTC +8

Minimum deposit/lending duration is 24 hours for user to be eligible for Echo points.

Example A Alice borrows 2 aBTC on Echo Lend at 12:00pm 1st August 2024 At 12:00pm 10th August 2024, Alice receives = 3000 x 2 x 10 of Echo Points

Example B Alice borrows 0.1 aBTC on Echo Lend at 12:01am 1st August 2024 At 11:59pm 1st August 2024, Alice receives = 3000 x 0.1 x 10 of Echo Points

Example C Alice borrows 100 USDT on Echo Lend at 12:01am 1st August 2024 At 12:01am 2nd August 2024, Alice receives = 5 x 100 x 1 of Echo Points

Example D Alice borrows 100 APT on Echo Lend at 12:01am 1st August 2024 At 12:01am 2nd August 2024, Alice receives = 0.35 x 100 x 1 of Echo Points

3) Staking

Formula = 10 Echo points for every $100 value staked per 24 hour

e.g. Taking 1 APT as 0.7 points (ref price. $7) Cutoff time is 00:00 UTC +8

Snapshot is 00:00 UTC +8

Minimum staking duration is 24 hours for user to be eligible for Echo points.

Example A Alice stakes 100 APT on Echo LSD at 12:01am 1st August 2024 At 12:01am 2nd August 2024, Alice receives = 0.7 x 100 x 1 of Echo Points