A Detailed Look at the Echelon Points Program

Ecosystem
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Echelon has introduced a points-based incentive system, known as Echelon Points, to reward the most active stakeholders within the protocol. Launched in mid-2024, this program allows users to earn points daily through both supplying assets and borrowing. Additionally, an attractive referral system offers further earning potential for both the referrer and the referred user.

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How to Earn Points

Supply Assets: Earn 1 point per USD supplied per day.
Borrow Assets: Earn 3 points per USD borrowed per day.
Referrals:
Referred accounts enjoy a 5% boost on all points they earn.
The referrer receives 10% of the referred user’s lifetime points.

This structure encourages both conservative strategies—such as supplying assets for steady returns—and more aggressive approaches, like borrowing to triple daily points.

Points Distribution: Community Snapshot

The Echelon community boasts over 46,078 lifetime active wallets. Here’s the current distribution of points:

Whale 1 (> 10,000,000,000 points): 1 wallet
Whale 2 (> 1,000,000,000 points): 22 wallets
Big Fish (> 100,000,000 points): 87 wallets
Mid Fish (> 1,000,000 points): 700 wallets
Small Fish (< 1,000,000 points): 45,378 wallets

This breakdown illustrates how the protocol welcomes a wide variety of participants, from large investors to smaller holders, all looking to accumulate points.

How to Get Started

  1. Deposit Stables, APT, or Other Assets: Simply supply assets on Echelon to begin earning daily points.
  2. Borrow Against Your Collateral: By borrowing against your supplied collateral, you can amplify your point-earning potential by up to 3x.
  3. Re-Supply Assets: You can loop your borrowing strategy by re-supplying borrowed assets, thus earning points on both supply and borrow simultaneously.

Echelon and its community offer examples of “looped stablecoin” strategies, allowing you to calculate combined APR + points. These strategies can help you optimize both yield and points accumulation.

Referral Program & Extra Rewards

Under the referral program:

Referred users get a 5% bonus on all their points.
Referring users earn 10% of everything their referrals accumulate over a lifetime.

This model bolsters the community by incentivizing users to bring new participants onboard while also rewarding the existing users for their ongoing support.

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