Nova Points

Earning Nova Points in Aggregation Parade

Starting on March 14th, 2024, Aggregation Parade Online Campaign was launched to reward early participants of zkLink Nova ecosystem with Nova points, which will be used to recognize and reward individuals with $ZKL.

How to Earn Points

1. Staking Assets on Nova

Users can earn Nova Points by holding eligible assets on Nova. Nova Points are distributed every 8 hours based on the value of the assets held, denominated in ETH, and are adjusted with token multipliers that favor assets of high liquidity.

Nova Point from holding token A = token A balance * token A price in ETH * token A multiplier

Users can view which tokens are eligible to earn Nova Points and their respective multipliers on the campaign's Asset Dashboard.

Note:

Token multipliers are reviewed and adjusted periodically to reflect latest market liquidity conditions and what assets are being promoted on Nova. Currently, ETH and merged wBTC, USDT, USDC, DAI have 5x multiplier, while other eligible tokens have 1x-2x multipliers.

2. Contributing TVL in dApps on Nova

Users can earn more Nova Points by staking their assets in DeFi protocols compared to merely holding them in their wallets. Nova Points are distributed based on the value of token assets held by the user's LP token, valued in ETH, and are enhanced with a dApp's TVL booster specific to each asset.

Nova Point from staking token A in dApp X= token A balance held by LP token* token A price in ETH * TVL booster for token A in dApp X

Users can view which dApps are eligible to earn Nova Points and detailed information about how Nova Points can be earn on the campaign's Eco dApps Dashboard.

Note:

  1. Within each dApp, TVL boosters vary for different tokens based on liquidity and trading demand. These boosters are reviewed and adjusted periodically to reflect latest market liquidity conditions and what dApps and assets are being promoted on Nova. Currently, in most dApps, ETH and merged wBTC, USDT, USDC, DAI have 10x boost, while other eligible tokens have 2x-4x boost.

  2. Token balance owned in a dApp is not always equals to the initial amount deposited into the dApp. For the case of providing liquidity to an AMM DEX, token balance owned by a user may alter due to price movements. For the case of depositing into a lending protocol, tokens being borrowed from a lending pool are not counted as the holding of the LP token.

  3. Extra boosts are provided only for effective liquidity. For AMM DEX, two-sided liquidity provision is required to qualify for the dApp booster.

3. Interacting with dApps on Nova

Users can also earn Nova Points by engaging with specific types of dApps. For perpetual DEXs, points are distributed based on the user's trading volume in USD. For bridges, GameFi, and SocialFi dApps, points are awarded based on the number of transactions made.

By participating in these activities, users can significantly contribute to the growth and vitality of the zkLink Nova ecosystem while being rewarded for their involvement.

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