💯MorFi Points
Earn Rewards for Helping Grow the MorFi Ecosystem
MorFi Points incentivize and reward your active contributions to the MorFi ecosystem. Earn points through daily check-ins, asset swaps, or by providing liquidity. Here's how it works:
How can I earn MorFi Points?
You can earn MorFi Points in one of three ways:
Check-ins: Check-in daily and claim your points for that day.
Swap: Trade eligible assets.
Liquidity Provision: Provide liquidity into eligible pools. Note that pools have varying point multipliers.
How many MorFi Points do I receive for each activity?
Each activity has it’s own points distribution rubric as explained below.
Check-ins: The check-in system is structured in a 7 day (1 week) format whereby the points distributed increases per day after each successful check-ins. If you successfully check-in each day for 7 days consecutively, you will be given the weekly maximum of 30 points.
1(Day 1) + 1(Day 2) + 3(Day 3) + 1(Day 4) + 1(Day 5) + 3(Day 6) + 20(Day7) = 30If you successfully complete the full one week cycle, the point system resets back to day 1, marking the start of a new 7 day cycle. Also, note that missing a day will automatically reset the points cycle back to day 1.
Swap: You can trade eligible assets to earn MorFi Points. You can check which assets are eligible on the ‘Swap’ page. You will earn 1 point for every $1 equivalent traded. For example, if you were to swap $100 equivalent in ETH into USDT, you will earn 100 MorFi points. Also note that even if only one of the assets is an eligible asset when swapping (i.e., swapping Token 0 to Token 1 when only Token 0 is an eligible asset), you will still receive the full points for that swap transaction.
Liquidity Provision: You can provide liquidity into eligible pools to earn MorFi Points. Eligible pools have varying point multipliers. The USD value of your liquidity position is calculated hourly to determine your points earned for that 1 hour. For example, if you were to provide $240 equivalent of liquidity into an eligible pool with a point multiplier of 10 for an hour, you will receive 100 MorFi Points. You can check the point multiplier of eligible pools on the ‘Pools’ page. Please note that the eligible pools list and their corresponding multiplier can be adjusted periodically.
What does MorFi Points get me?
MorFi Points will play a critical role in growing the MorFi ecosystem. Some examples include:
Reduced transaction fees
Early access to premium features and tools
Whitelist to new pools or trading opportunities
Token airdrops
and more 👀
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