USD1 supply incentives are live - rewards are now based on net stablecoin supply within the Echelon markets.
Your yield depends on how much USD1 you’ve supplied minus the amount of stablecoins you’ve borrowed (except sUSDe).

How it works

Rewards are calculated on net USD1 supply:

Net Supply = Supplied USD1 − Borrowed (USD1 / USDC / USDT )

If you borrow stablecoins and re-supply them to “loop” your position, that borrowed amount is subtracted from your eligible supply.

Examples:

• Supply 10,000 USD1 → Borrow 4,000 USDT → Net = 6,000 USD1

• Supply 10,000 USD1 → Borrow nothing → Net = 10,000 USD1

• Supply 10,000 USD1 → Borrow $2,000 in APT → Net = 10,000 USD1 (non-stable borrow doesn’t reduce net supply)

• Supply 10,000 USD1 → Borrow 2,000 sUSDe → Net = 10,000 USD1 (sUSDe borrow doesn’t reduce net supply)

Snapshots are taken continuously. Rewards depend on your net supply and the duration it remains in the market.

Rewards Distribution

Rewards are distributed biweekly (every 2 weeks) based on continuous snapshots of your eligible supply. The “Current Eligible Supply” display may take a few hours to update after supplying.

Rules Recap

• Rewards depend on net USD1 supply

• Borrowing USD1, USDC or USDT reduces eligibility

• Borrowing non-stables (like APT) does not reduce eligibility

• Withdraw-and-redeposit activity doesn’t reset eligibility

• Rewards distributed every two weeks

• Borrowing sUSDe does not reduce eligibility

Supply USD1

Supply USD1 to start earning based on your net balance:

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