Introducing GONDI Points

GONDI Points are designed to recognize and reward active participants of GONDI Protocol. Points incentivize activities in the protocol that increase liquidity and user value.

Points are collected in four different ways: through lending, borrowing and referrals.

Lending Points:

Points are collected by (i) originating new loans, (ii) refinancing loans (both full or partial), or (iii) renegotiation loans. Points are credited for lenders regardless if loan is repaid or not.

Loans with an APR over 100% will get points capped as if the loan's APR is 100%. Points are also capped if the loan's principal is higher than the collection's floor. In this case, points will be calculated with collection floor

TLDR: Points are a function of Principal lent and Outstanding Duration.

Borrowing Points:

Points are subject to the same restrictions described in Lending points with the difference that borrowers are only credited points if loans are repaid.

A renegotiation would count as repayment.

Points are a function of Principal and Outstanding Duration.

Referral Points:

Each wallet connected to GONDI has a unique referral link that tracks on-chain transactions from referred wallets. You can collect an additional 25% of their collected points by referring new lenders and borrowers GONDI.

Referral activities of referees do not apply in this category. Only lending and borrowing points collect you referral points.

Referees get 50 points if they join via a referral link.

Summary:

To maximize your points, keep in mind:

• The more principal you lend/borrow, the more points you get.
• The longer your loan is outstanding, the more points you get.
• Points for borrowers are only credited when loan is repaid

The exact calculation criteria is not publicly available. GONDI will remove points from wallets if it detects any wash lending activity.