To Our Valued Harmonix Community,

We are pleased to announce an extension of Season 1 of the Harmonix Points Program, accompanied by an increase in the total points available. This decision reflects our appreciation for the community’s significant support and contribution to our rapid growth—most notably, over 1,000% increase in Total Value Locked (TVL) over the past two months.

Season 1 Summary (up to Jan 24, 2025)

1. Point Overview:

• Total Point Distributed: 5,491,077.95

• Number of ​​​​Wallets Earning Points: 666

• Average Points Earned per User: 6,498.22 points

Vault Points are pre-allocated, while Referral and Community Activity points are awarded based on campaigns and total referrals.

• Vault Points:

  • Initial Point Allocation: 5,000,000 points

  • Points Distributed to Date: 4,656,508.27 points

  • Points Remaining: 667,941.24 points

• Community Activity Points: 1,000,100.27 points

• Referral Points: 158,918.92 points

2. How are points distributed?

Points ​​Distributed by Vaults

The KelpDao Enhanced ETH Vault holds the largest share of points, accounting for 51.69%, which is 4 times the points distributed to the second largest share Pendle Protected Yield Vault.

Points Distributed by Month

In January 2025, the points distributed matched the total from the previous seven months. During this month, Harmonix also experienced a 100% increase in TVL compared to all prior months. Driven by @Hyperliquid's explosive growth and a relentless string of record-breaking achievements, Harmonix Finance is now in a phase of remarkable growth and advancement.

Extending Season 1

In recognition of the community’s engagement, we are adding 3,000,000 points to the Season 1’s Vault Points pool. This means:

Vault Points:

• New Total Allocation (Season 1 Extended): 8,000,000

• Points Distributed: 4,656,508.27

• Points Remaining: 343,491.73 + 3,000,000 = 3,343,491.73

Referral and Community Activity Points: You can keep earning Referral and Community Activity points until the end of the extended Season 1.

Duration of the Extended Season

The extended Season 1 will continue until all remaining points have been distributed or until the end of March, whichever occurs first.

Earning Harmonix Points

1. On-Chain Activities: Deposit into Harmonix vaults to earn both yield and points.

2. Off-Chain Activities: Participate in referral programs and other community campaigns.

Looking Ahead

Following the conclusion of Season 1 Extended, we will introduce Season 2 in the end of March or the beginning of April.

Harmonix Point Season 2 will feature a renewed focus on our OG and loyal users, along with more significant rewards and new features. These enhancements include a rarity system and other improvements.

One month & 3M points left for Season 1. Don’t miss out a chance where everyone can get points here: https://app.harmonix.fi/products

Harmonix values your continued trust and partnership. We are excited to embark on this next chapter together.

Frequently Asked Questions (FAQ)

1. Q: Are the points rewards (e.g., earning 1 point for every $1,000 deposited) separate from the vaults’ Harmonix Points? If separate, how are the vaults’ Harmonix Points calculated?

   A: No, there is no difference. However, points earned through vault deposits may vary based on specific multiplier rates assigned to different vaults.

2. Q: Are point payouts affected by the Total Value Locked (TVL) in the vault? For example, if I deposit $10,000 into a vault when it has $1M TVL and earn 100 points, will I earn the same 100 points if I deposit $10,000 when the vault’s TVL is $10M?

   A: No, point payouts for Season 1 & the extended Season 1 are not affected by TVL. Points are primarily calculated based on the deposit amount. For example, if you deposit $1,000, you will earn 1 point per hour.

3. Q: The reward system states that for every $1,000 deposited, you earn 1 point hourly. What happens if I deposit $500 worth of stablecoins? Do I earn points?

   A: Yes, you will earn points proportionally. For a $500 deposit, you will earn 0.5 points per hour.

4. Q: Is there a leaderboard for Harmonix Points?

   A: A leaderboard is currently in development and will be released soon.

5. Q: How does the referral program work? What does "Earn 5% commission" mean?

   A: The 5% commission refers to 50% of the performance fees generated from deposits made by users you refer. Since the performance fee is 10% of the total yield generated from their deposit, you will earn 5% of the total yield generated by your referee’s deposit.

Sincerely,

The Harmonix Team