Echelon has partnered with Backpack to bring an exclusive campaign for net USDC suppliers on Aptos. The goal: reward users who add fresh USDC liquidity to the ecosystem. The campaign is powered by backpack wallet, so make sure you have it set up to participate.

📅 Campaign Timing

• Start: October 2, 12:00 AM UTC

• End: October 16, 12:00 AM UTC

Once the campaign concludes, reward distribution will be calculated and shared with eligible participants.

💰 Rewards

• Leaderboard ($15,000)

  The top 100 net new USDC suppliers share $15,000, weighted by the amount supplied.

• Raffle ($5,000)

  300 random suppliers split $5,000. Every $50 USDC supplied = 1 raffle ticket.

  ⚠️ Leaderboard winners are excluded from the raffle — you can’t win both.

❓ How It Works

Rewards are calculated only on net new USDC deposits made during the campaign period. If you already had USDC supplied before September 29, that balance won’t count. Any USDC, USDT, or sUSDe borrows will be subtracted from the total supply.

Likewise, withdrawing and redepositing your old supply doesn’t reset it - only genuinely new funds deposited during the campaign window are eligible.

Guide: Supply USDC on Echelon with Backpack Wallet

Step 1: Download Backpack wallet

Step 2: Open the Echelon App

Go to app.echelon.market. This is where you’ll connect your wallet and join the campaign.

Step 3: Connect Backpack Wallet

Step 4: Join campaign

Step 5: Supply USDC

Navigate to the Markets tab, select USDC, and click Supply. Enter the amount you’d like to deposit. Confirm the transaction in Backpack.

✅ Rules Recap

For clarity, here are the rules in a simple list:

• Only net new USDC deposits made during the campaign period are eligible. Any USDC, USDT, or sUSDe borrows will be subtracted from the total supply.

• Withdrawn and re-supplied funds are excluded.

• Leaderboard winners (top 100) are not included in the raffle.

• Users must connect with their Backpack wallet to qualify.

Wrapping Up

We’re excited to launch this campaign together with Backpack Wallet and bring even more users into the Aptos DeFi ecosystem. With simple onboarding and clear rewards, this is just the beginning of making lending and stablecoin strategies accessible to a wider audience.

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