# Launchpool Points Campaign

<figure><img src="/files/MtxAVI7poDNsB9UFskaD" alt=""><figcaption></figcaption></figure>

## Points Basics

#### ***Sherpa Points*****&#x20;are the core incentive of the&#x20;*****SherpaEarn Launchpool Campaign.*****&#x20; Points are awarded to users who deposit into the vault during the campaign time window between Nov 25th, 2025 and April 1st, 2026.**

#### <mark style="background-color:$primary;">We are issuing 10% of the total supply of $SHERP to vault depositors.  This means roughly $1M in montly incentives will be awarded!  Launchpool participants will hold some of the only</mark> [<mark style="background-color:$primary;">unlocked tokens at TGE</mark>](/general/tokenomics.md) <mark style="background-color:$primary;">— no vesting, no cliffs.</mark>

## Reward Mechanics

An automated snapshot is taken prior to every new 24 hour vault [cycle](/sherpaearn-vault/cycles.md).  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

{% hint style="info" %}
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.
{% endhint %}

## 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](https://app.sherpa.trade/lander)
* Partner Token Holders\
  &#x20;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 5 NFTs

{% hint style="info" %}
Qualifying under any single category makes you eligible. Meeting multiple criteria does not further increase your bonus rewards.&#x20;
{% endhint %}

{% hint style="info" %}
The token requirements above apply ONLY to users qualifying through the Partner Token Holder category.
{% endhint %}

### **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:

<table><thead><tr><th width="99.3358154296875">Milestone</th><th width="117.0704345703125">Commitment Length</th><th width="111.3203125">Bonus Per USDC</th><th width="155.4259033203125">Award Per USDC</th><th width="180.12109375">Award Rate (Per USDC Per Day)</th><th>Multiplier</th></tr></thead><tbody><tr><td><mark style="color:$success;">1</mark></td><td><mark style="color:$success;">30 days</mark></td><td>40 points</td><td>$0.02</td><td>1.333 points</td><td>1x</td></tr><tr><td><mark style="color:$success;">2</mark></td><td><mark style="color:$success;">60 days</mark></td><td>90 points</td><td>$0.045</td><td>1.5 points</td><td>1.125x</td></tr><tr><td><mark style="color:$success;">3</mark></td><td><mark style="color:$success;">120 days</mark></td><td>225 points</td><td>$0.1125</td><td>1.875 points</td><td>1.41x</td></tr></tbody></table>

#### **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:

$$
award Rate = bonus Points ÷ commitment Length Achieved
$$

**Multiplier**\
The scaling factor between levels, calculated as:

$$
level N multiplier = level N points Per USDC ÷ level 1 points Per USDC
$$

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

$$
total Points Earned Per Level = USDC value Of ShUSD held \* bonus
$$

**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**

{% hint style="info" %}
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.
{% endhint %}

### Examples

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

{% tabs %}
{% tab title="# 1" %}

#### **Simple Hold**

* Deposit 1,000 USDC and hold for 30 days → receive 40,000 bonus points
  {% endtab %}

{% tab title="# 2" %}

#### **Multiple Deposits**

* Deposit 1,000 USDC on day 0
* Add another 1,000 USDC on day 15
* First deposit earns 40,000 bonus points on day 30
* Second deposit earns 40,000 bonus points on day 45
  {% endtab %}

{% tab title="#3" %}

#### **Partial Withdrawal**

* Deposit 1,500 USDC on day 0
* Withdraw 500 USDC on day 45
* Hold remaining 1,000 USDC until day 60
* Result: Keep the 40,000 bonus points from milestone 1, but only receive 50,000 bonus points (not 75,000) at milestone 2 based on the reduced 1,000 USDC balance
  {% endtab %}

{% tab title="#4" %}

#### **Non-Consecutive Holding**

* Deposit 1,000 USDC on day 0
* Hold for 20 days (20 compliant days accumulated)
* Withdraw all funds on day 20
* Re-deposit 1,000 USDC on day 40
* Hold for 10 more days (30 compliant days total accumulated by day 50)
* Result: Receive 40,000 bonus points on day 50 when the 30-day commitment requirement is met, even though the holding period was split across two separate deposits
  {% endtab %}
  {% endtabs %}


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