Launchpool Points Campaign

Points Basics

Sherpa Points are the core incentive of the SherpaEarn Launchpool Campaign. Points are awarded to users who deposit into the vault during the campaign time window between Nov 25th, 2025 and April 1st, 2026.

We are issuing 10% of the total supply of $SHERP to vault depositors. This means roughly $1M in montly incentives will be awarded! Launchpool participants will hold some of the only unlocked tokens at TGE — no vesting, no cliffs.

Reward Mechanics

An automated snapshot is taken prior to every new 24 hour vault cycle. This snapshot checks which users hold shUSD (counts both claimed and unclaimed shUSD), how much they hold, and their holding duration. Based on this data, users earn points at a variable rate starting at 100% APY, which decays weekly as TVL grows and time passes.

  • Initial rate: 100% APY equals 5.479 points per USDC per day (at $50M FDV, approximately $0.0005 per point)

  • Conversion: Points convert to SHERP tokens at a 10:1 ratio when the campaign ends

While snapshots check shUSD holdings, points are calculated based on the underlying USDC value of your shUSD. As vault yield accrues and shUSD appreciates, your points earnings multiply accordingly. Earlier participants capture the greatest rewards through this compounding effect.

Bonus Points & Partner Boosts

Eligible Parties

The following users qualify for bonus rewards, which are paid in addition to the standard points yield described above:

  • Badge Holders – Users who earned a badge during the Monad testnet activation campaign

  • Discord Members – Users with whitelist roles in the Sherpa Discord server

  • Top Traders – Highest volume traders on sherpa.trade

  • Partner Token Holders Holding the appropriate amount of tokens from the following key partners:

    • Kintsu: Hold 10,000 sMON

    • Magma: Hold 10,000 gMON

    • Fastlane: Hold 10,000 shMON

    • Curvance: Hold 10,000 csMON, cgMON, or cshMON (receipt tokens from depositing sMON, gMON, or shMON into Curvance lending markets)

    • 10k Squad: Hold 1 NFT

Qualifying under any single category makes you eligible. Meeting multiple criteria does not further increase your bonus rewards.

The token requirements above apply ONLY to users qualifying through the Partner Token Holder category.

Bonus Timeframe Requirements

Users must deposit within first 4 weeks of the campaign AND hold for the atleast one of the commitment time lengths listed below. (Deposits made after Dec. 15th are not eligible for bonus rewards.)

Each deposit tracks its own independent commitment timer. Withdrawing funds reduces future bonus eligibility but does not forfeit bonuses already earned.

Bonus Milestones

Eligible participants receive the following bonuses upon reaching commitment milestones:

Milestone
Commitment Length
Bonus Per USDC
Award Per USDC
Award Rate (Per USDC Per Day)
Multiplier

1

30 days

40 points

$0.02

1.333 points

1x

2

60 days

90 points

$0.045

1.5 points

1.125x

3

120 days

225 points

$0.1125

1.875 points

1.41x

Definitions

Commitment Length The total number of days you must hold both shUSD and partner tokens (if applicable) to reach a milestone. Days do not need to be consecutive—compliant days accumulate until the requirement is met. Badge holders, Discord members, and top traders do not need to hold partner tokens.

Bonus Points Per USDC The total points awarded per USDC deposited when you reach a milestone. This is a one-time bonus, not a daily rate.

Award Per USDC The USD value per USDC deposited when you reach a milestone, assuming $50M FDV. This is a one-time bonus, not a daily rate.

Award Rate The effective daily points rate over the commitment period, calculated as:

awardRate=bonusPoints÷commitmentLengthAchievedaward Rate = bonus Points ÷ commitment Length Achieved

Multiplier The scaling factor between levels, calculated as:

levelNmultiplier=levelNpointsPerUSDC÷level1pointsPerUSDClevel N multiplier = level N points Per USDC ÷ level 1 points Per USDC

Total Points Earned Per Level Your total bonus at each milestone, calculated as:

totalPointsEarnedPerLevel=USDCvalueOfShUSDheld∗bonustotal Points Earned Per Level = USDC value Of ShUSD held * bonus

Milestone Bonuses Are Cumulative Bonuses build upon one another. For example, depositing 100 USDC and holding for 120 days earns:

  • 4,000 points at day 30

  • 5,000 additional points at day 60

  • 13,500 additional points at day 120

  • Total: 22,500 bonus points

Daily base points scale progressively with shUSD value as yield accrues. Milestone bonuses are calculated using the USDC value of the deposit at the moment the milestone is reached.

Examples

A few examples of how paints will be awarded to users for participating in the campaign in various ways:

Simple Hold

  • Deposit 1,000 USDC and hold for 30 days → receive 40,000 bonus points

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