How to Work

Users earn EL Points by staking ELUSD, holding ELUSD in their wallet, and optionally sharing their referral link.

• EL Points are calculated and credited once per day, based on a snapshot taken at 00:00 UTC.

• At the snapshot time, the protocol records for each address:

  • ELUSD balance held in the wallet

  • sELUSD balance held in the wallet

• Daily EL Points for each address are calculated from these on-chain balances and added to that address’s cumulative total for the current Season.