We're excited to introduce the iLoop Point Program, your opportunity to qualify for future rewards as we progress toward Mainnet. Following our Testnet launch, this program is your chance to join us in revolutionizing the game on Solana.

1/ Contribute to iLoop and Earn Rewards

At iLoop, our goal is to provide users with a platform to maximize returns on their LST/LRT assets. By participating in the Point Program, you directly contribute to our vision of building a hub for LST/LRT assets, addressing key challenges in the Solana ecosystem: low DeFi adoption and unappealing APY rates. By tackling these issues, we aim to bring a fresh wave to the Solana ecosystem.

The Point Program is designed to reward early contributors by offering points for users who interact with the product, paving the way for the mainnet launch. This program not only ensures essential liquidity for iLoop's successful launch but also helps kickstart on-chain activity. The Point Program enhances fairness by allowing anyone to join and earn rewards proportionate to their efforts. The more you contribute, the greater the benefits you'll potentially unlock when the system goes live on mainnet.

Holding iLoop Points may qualify you for exclusive, valuable rewards on the platform in the future. Early participants stand to gain the most, with the potential for unique rewards and benefits. Don’t miss out on the journey with iLoop, where contributions are rewarded with well-deserved returns.

2/ How It Works

We invite users to deposit SOL or supported LST assets early on iLoop. Once iLoop launches its Beta Mainnet, depositing assets will begin, and you'll start earning Points, accumulated hourly. Your account will be credited with points, which can be tracked through a dedicated portal.

Our formula is based solely on user contributions, so anyone participating at any stage can earn points equally.

Supported assets: jupSOL, bSOL, mSOL, jitoSOL and INF.

Participants earn 1 point per hour for every dollar deposited, multiplied by a multiplier depending on Lending or Looping. The multiplier is fixed, but future partnerships may introduce new multipliers (announcements via @iLoop_HQ on X). The more you contribute, the more you earn.

Formula:

• Lending: vLOOP Earn = Total Position * 1.5 * held hours

• Looping: vLOOP Earn = Total Position * 1 * held hours

Example:

• User A lends 100 SOL ($1800) from 1 AM on November 1 to 1 AM on November 2 and earns 241.51800 = 64,800 vLOOP.

• User B loops with a total position of $1800 from 2 AM on November 1 to 2 AM on November 2 and earns 2411800 = 43,200 vLOOP.

With iLoop Points, we’re building a sustainable and fair reward mechanism for everyone participating in the Mainnet launch. Our aim is to establish a platform that delivers long-term value, aligned with Solana’s innovative and groundbreaking ecosystem vision, and we invite you to join us in this program.

*Note: If you hold JSOL or sSOL, you will receive an additional 1.5 multiplier.

3/ Referral Mechanism

By referring friends, you can earn additional points proportionate to the points your friends accumulate. For every point your friend earns, you'll earn 10% of their points at the end of each hour. For example, if you refer 10 friends who collectively earn 100 points per hour, you’ll earn 10 points per hour. If friends you refer then refer others (e.g., A refers B, B refers C, C refers D), a group will form automatically, unlocking new earning milestones.

If no referral code is used, the base point formula applies. Using a referral code adds a "Boost" multiplier: vLOOP Earn * Boost.

• Boost is 1.2 if total position = $20,000

• Boost is 1.4 if total position = $40,000

• Boost is 1.6 if total position = $60,000

• Boost is 1.8 if total position = $80,000

• Boost is 2 if total position = $100,000

*Note: Metrics update hourly.

4/ What is iLoop?

iLoop Protocol is a decentralized lending platform on the Solana blockchain, designed to offer users a secure and reliable means of accessing leverage and optimizing capital efficiency. By prioritizing robust risk management strategies, iLoop stands out as a safe and reliable choice for users navigating the complexities of the DeFi ecosystem.

iLoop Protocol aims to address the critical need for secure and efficient lending and borrowing solutions. Its suite of permissionless smart contracts enables seamless interactions and transactions, providing users with the tools they need to leverage their assets effectively. The protocol's commitment to real-time risk management ensures that users can confidently engage with the platform, knowing their investments are safeguarded against potential risks.

5/ Conclusion

The iLoop Point Program is more than a rewards initiative; it's an opportunity for users to join us on our journey in growing the Solana ecosystem. With incentives through Lending, Looping, and referrals, everyone can maximize benefits through participation. This program is our way of appreciating early contributors while fostering sustainable and equitable community growth.

We hope the iLoop Point Program becomes a solid foundation to realize our vision of creating a hub for LST/LRT assets on Solana, generating a new wave in the DeFi space.