Points

Overload points are rewarded to users who contribute to the growth of Overload. Here is an outline of how the points system works.

Restakers earn 1 point per hour for every 1 USD that is restaked in Overload. For example, a user restakes 5,000 USDC in overload for 48 hours. The points accrued will be

5,000 * 1 * 48 = 240,000 points

The interval in which points are updated is every 1 hour, and the snapshot in which points are reflected on the front-end is every 24 hours. Another technical detail is that we try to keep point accural consistent, and thus a deposit will only start accuring points after 2 hours have passed.

In other words, on the closing of every 1 hour candle, we will multiple the average price for that hour with the restaked tokens for every user. To calculate the average price for each H1 candle, we compute:

avg_price = (o + h + c + l) / 4

where avg_price is the price used to calculate points for that hour - and o, h, c, l are the open, high, close and low values for the H1 candle.

Overload introduces two programs in place to further incentivize TVL - Bonus points and Boost points. The duration of the points program will somewhere between 3 - 6 months.

Bonus Points

The Overload team wants to distribute as many Overload tokens as possible to the community to decentralize the project and to get a high float from the beginning. We also want to prevent dilution of the airdrop as Overload gets more TVL.

Bonus points works as follows. As the total restaked assets in overload increases, the airdrop amount increases. This prevents dilution of the airdrop as TVL goes up.

The airdrop amount will be as follows:

For example, if the airdrop program ends with 280m in TVL, then 18% of Overload tokens will be airdropped to points holders.

Boost Points

The Overload team also wants to distribute tokens to early supporters, since they are essential for bootstrapping the project and contributes to the success of the project. The Boosts points system addresses this.

Users who restake early will receive a multiplier boost of points for being an early supporter of Overload. The earlier you restake, the more boost you get. The boost points table is as follows:

For example, if you restake when Overload's TVL is 22m, you will earn 8x points during that period when the TVL is between 10m - 25m. After you restake and TVL goes to 30m, then your boost will become 6x (but you will still retain the points that was earned during the 8x boost period).