Portal Finance
  • WELCOME TO PORTAL
    • βœ‹Overview
    • ❓FAQs
    • 🧭User Guide
    • πŸ—ƒοΈReward Scheme
    • πŸ—ΊοΈRoadmap
    • πŸ›‚Portal Community Pass
  • LEND/BORROW
    • βš–οΈLending Mechanism
    • βš™οΈBorrow Factor
    • πŸŒ‰Cross-chain asset support
    • πŸ’΅Fees
  • βœ–οΈMultiply
    • πŸ“–Case Study
  • LIQUIDATION
    • πŸ‘¨β€βš•οΈPosition Health
    • πŸ’°Liquidation Mechanism
  • Security & Risks
    • ‼️Risks
  • TERMS & PRIVACY
    • πŸ“ƒTerm of Use
    • πŸ”Privacy Policy
Powered by GitBook
On this page
  • What is KEY
  • Key Supply and Distribution
  • First two weeks
  • Starting from the third week
  • Daily Distribution Method
  • Daily points earned by users
  • Daily keys earned by users
  • Badge System
  • Boost Categories
  • Referral Program
  • Example
  1. WELCOME TO PORTAL

Reward Scheme

PreviousUser GuideNextRoadmap

Last updated 2 months ago

At Portal Finance, we are passionate about rewarding our users for their engagement and contributions to our platform. With the launch of our innovative points system, users can earn KEY through activities such as deposits, borrowing, and more. This is not just a standardized incentive program; it’s an opportunity to immerse yourself in the SOON ecosystem and connect with various ecosystem partners. Our reward scheme is thoughtfully designed to reflect your participation, ensuring that every effort you make is recognized and celebrated.

What is KEY

In the Portal Finance ecosystem, KEY serves as a vital metric for measuring your activity and contributions. You earn keys through your borrowing and depositing actions, and the total number of keys you accumulate directly influences your final portal rewards. The more keys you earn, the greater your potential rewards become, enhancing your overall experience on our platform.

We envision SOON as the premier SVM, fostering a cohesive community that connects diverse ecosystems. Together, we aim to create an engaging environment that encourages users to dive deeper into the possibilities that await them.Stay tuned for exciting updates as we continue to build a vibrant community around shared rewards and collaborative opportunities!

Key Supply and Distribution

The supply of Keys is limited and distributed according to the following rules:

First two weeks

  • Point gained from transaction: 20,000 keys/day

  • Point gained from referral: 2,000 keys/day

Starting from the third week

  • The supply of keys decreases over time

Earlier you join, more reward you’ll earn!

Daily Distribution Method

Keys will be distributed daily at RANDOM SNAPSHOT TIME, and the number of keys each user receives will be calculated based on their deposit and borrowing points.

Daily points earned by users

[DepositΒ amount+(BorrowingΒ amountΒ Γ—Β 2)]Γ—boost{\text{[Deposit amount}+ \text{(Borrowing amount Γ— 2)}}] Γ— \text{boost}[DepositΒ amount+(BorrowingΒ amountΒ Γ—Β 2)]Γ—boost

Example: Alice deposits $1000 ETH and borrows $500 SOL, assume boost = 0, the point Alice earns:

= 1000 + (500 Γ— 2) Γ— 1 = 2000 PTS

Bob deposits $750 ETH and borrows $750 SOL, assume boost = 0, the point Bob earns:

= 750 + (750 Γ— 2) Γ— 1 = 2250 PTS

Daily keys earned by users

User’sΒ dailyΒ pointsTotalΒ dailyΒ pointsΒ ofΒ allΒ usersΓ—EmissionΒ ofΒ Keys\frac{\text{User's daily points}}{\text{Total daily points of all users}}\times\text{Emission of Keys}TotalΒ dailyΒ pointsΒ ofΒ allΒ usersUser’sΒ dailyΒ points​×EmissionΒ ofΒ Keys

Badge System

The Badge System is designed to amplifies the number of Keys you can earn based on your badge level and NFT holdings. The higher your badge level or the rarer your NFTs, the greater your boost β€” allowing you to earn even more Keys through your participation.

Boost Categories

1. NFT Holders: Additional boosts based on NFT you hold

NFT
Boost

Soon NFT (COMMIing SOON)

NFT holders or stakers are eligible for an additional 30% boost.

Portal Pass NFT

2. Badges

Badge
Boost
Description

Bronze Badge

+5% per task

Encourages new users to participate in basic activities, such as following social media accounts and joining promotional events.

Silver Badge

+10% per task

Encourages more active users to make their first deposit or loan.

Gold Badge

+15% per task

Highly engaged users who refer others to the platform will earn this badge.

Diamond Badge

+20% per task

Top users who maintain long-term participation and make significant contributions to the platform can earn this elite badge.

Each badge level unlocks additional tasks, helping you earn more Keys as you grow on the platform.

Referral Program

The referral program rewards both the inviter and the invitee. When a new user successfully joins through the referral link, the inviter will earn a portion of the keys based on the invitee’s activity. In the meantime, the inviter can earn up to 20% extra bonus incentives according to how many real users they invited to the platform.

Only real user invitations will be counted; the invitee is defined as a β€œreal user” once they reach a certain level of interaction.

Here is the detailed rewarding mechanism of referral program:

  • Invitee

Enjoy a 50% boost for the first 3 days

  • Inviter

i. Earn 10% of the total keys owned by the invitee.

ii. Receive additional incentives based on the number of invites:

Bonus Percentage = min(5%, 0.005 Γ— Real User Invited)

Number of invites:1~10|Bonus Percentage: 0%~ 5%

Number of invites:10~80|Bonus Percentage: 5%~ 20%

Example

Assuming the total incentive allocation is 5%, and this portion of the incentive is determined by the number of keys.

1% of tokens (20% of the 5%) are reserved as extra rewards for inviters, based on the number of successful invites, with a linear increase, capped at 20%.

For instance, if a user receives 10 Portal incentive and their bonus percentage reaches 20%, the total incentive they will receive is: 10 Γ— 1.2 = 12

Access to Portal Reward Scheme NOW!

Don’t forget the magic word: Access SOON through Portal

Portal Pass NFT holders enjoy an extra 50% boost within the Portal Finance points system. Refer details to .

πŸ”—

https://portal-finance.io/reward
here
πŸ—ƒοΈ
Page cover image