Using CredX
Season 1 points
A record of who bootstrapped the pool, kept as a non-transferable score. Not a token, and not a promise of one.
Points accrue per dollar per day, weighted by what you are doing and multiplied by your tier.
How points accrue#
| Activity | Rate | Basis |
|---|---|---|
| Supply USDG | 1× | Your supplied balance |
| Borrow USDG | 2.5× | Your drawn balance |
| Post collateral | 0.5× | Your collateral value |
The three stack. A user who supplies, borrows and posts collateral earns on all three balances simultaneously — which is the behaviour the protocol most wants during bootstrap.
Tiers#
| Tier | Points required | Multiplier | Borrow discount |
|---|---|---|---|
| Bronze | 0 | 1× | — |
| Silver | 25,000 | 1.1× | −0.25% |
| Gold | 150,000 | 1.25× | −0.50% |
| Platinum | 600,000 | 1.5× | −0.85% |
| Diamond | 2,000,000 | 2× | −1.25% |
Reputation is non-transferable
Tiers attach to an address and cannot be sold, transferred or wrapped. You cannot buy a rank, and a whale cannot skip the queue by acquiring somebody else’s. That is the point of scoring behaviour over time rather than snapshot balance.
Referrals#
You earn 10% of everything the people you invite accrue. It comes out of the season pool, not out of their balance — referring someone never costs them anything.
$50,000 supplied, $30,000 borrowed, $100,000 collateral, Gold tier
From supplying
50,000 × 1 ÷ 1,000
From borrowing
30,000 × 2.5 ÷ 1,000
From collateral
100,000 × 0.5 ÷ 1,000
Gold multiplier
Plus 10% of whatever your referrals earn, credited daily.
Why there is no token#
Launching a governance token before there is anything to govern is a fundraise wearing a costume. Every incentive it creates points the wrong way: mercenary liquidity that leaves the moment emissions stop, a treasury under pressure to defend a price, and a protocol that looks like it was built to sell a token rather than to work.
Governance ships when all four of these are true:
- USDG liquidity in the pool is deep enough for the market to function without incentives.
- The liquidation engine has been proven with real money, in real drawdowns.
- Audits are closed and the bug bounty has run long enough to mean something.
- There is an actual decision worth putting to a vote.
Points are not a promise
Season 1 points are a record of participation. They carry no guarantee of future value, no entitlement to any token that may or may not exist, and no claim on protocol revenue. Anyone telling you otherwise — including a price for them on a secondary market — is speculating.
Check your points
Live accrual by activity, tier progress, referral link and the season leaderboard.