Points programs are now the new standard in attracting users to new chains and ecosystems, rewarding users with economic incentives for bridging to the chain and using new products.

From the chain perspective this accomplishes two primary tasks:

• Brings new liquidity to the chain, helping to kickstart a thriving ecosystem of new users.

• Introduces users to key “killer apps” and features that chain or protocols in the ecosystem believe have the best chance at maintaining “sticky” liquidity over the long-run.

In return for helping start spin the flywheel and demoing new products, users are rewarded with tokens representing a share in decentralized governance on the chain. A points system is used to keep track of the various user behaviors, value accruals and other incentivized actions. Eventually the points are redeemed for tokens, in our case veRWA, giving these participants a stake in the ecosystem they helped launch.

The re.al points program will launch as soon as the chain deploys in Early April.

Specifics

• 3.33MM RWA or 10% of the supply will be distributed over an 8 month point program

• Distributions will happen at the end of every 2-month season, with there being 4 seasons total

• 80% of the tokens will be distributed to users, 20% distributed to builders

• veRWA will be distributed with an 18-month lock; to unlock the position 25% of the RWA will be burned

Keeping aligned with our goal to build a program that rewards long term participants, users looking to farm the program and sell their RWA will pay an unlock penalty on the veRWA. This token burn permanently reduces supply and benefits remaining holders via increased yields.

Learn more about veRWA tokenomics and ecosystem revenue sharing:

Referral Incentives

Points programs work best when participants are incentivized to share the opportunity with their network. As a result, all participants in the program must be referred by another participant.

For ecosystem participants with very large networks and reach, i.e. influencers in the space, referring users is a highly lucrative initiative in itself and a fair exchange for the publicity they create for re.al.

Direct referrals will return 10% of their fees back to the user who referred them. However, second, third and fourth tier referrals also contribute an increasingly smaller percentage back to the initial referrer.

In this manner, all participants are rewarded for sharing the opportunity with their network, helping to increase the virality of the program.

Rewarding On-Chain Activities

As with any incentives program, the rewards must be commensurate with the value of the actions. Too often, airdrop programs are sybil-attacked and farmed to oblivion by participants with no intention of contributing real value to the chain. We’ve designed our program to be sybil-resistant, awarding “fair” value to users who legitimately participate in the program. Of course, as with any airdrop, you can’t get it right for everyone, but our intention is to approach this fairly.

Users will be rewarded for the TVL they hold on the chain with additional incentives/multipliers added for specific transactions, tokens and other on-chain activities that we have determined to be “high value” for the ecosystem.

Specific activities and their rewards value will not be shared, which has the following benefits to the program:

• Reduces program manipulation through botting and other sybil attacks

• Encourages users to explore the protocols, discovering new products and opportunities and the rewards that result from different transactions

• Allows the team to shift rewards multipliers and incentives to ensure the safety and stability of the growing ecosystem

Builders will be rewarded for their impacts to the chain, both in terms of TVL and transaction fees accrued.

We fully expect users to back into the different rewards values tied to various activities on the chain. Expect us to respond by recalibrating the system to reward trial and exploration.

Calculating Points

Points will be calculated, for each user, using average time-weighted exposures over the holding period.

• A large position held for just one block will receive very few points

• A flash-loan transaction will result in zero points

We will automatically monitor the bridge, Pearl, Tangible and Stack protocols. As new protocols deploy to re.al, those teams will simply indicate which contracts we should track to calculate rewards allocations for dev teams.

We will be scanning all transfers in order to calculate each user's average holdings, while taking into account all rebases and new NFT mints for veNFT products.

$MORE debt will be tracked by scanning every user for any changes in their debt balances of $MORE.

Swaps on Pearl will be aggregated by the total amount of fees paid by each user with rewards will be capped in such a way that incentives will not surpass fees paid. This disincentivizes the creation of bots to simply run up transaction totals on Pearl.

Points will be computed entirely off chain and as noted in the section above, we reserve the rights to change the point algorithm at any time. We also have the right to remove points from any wallet we believe has sybilled or abused the system.

There may be a slight delay in initial points accruals as tracking systems for various protocols come on-line.

Rest assured that all on-chain activity eligible for rewards, from the moment the chain goes live, will receive the correct share of points. Please check in Discord for additional updates on tracking status.