Ways to Earn

EL Points are earned through three main activities:

• Staking ELUSD (holding sELUSD)

• Holding ELUSD in a wallet

• Referral rewards

3.1 ELUSD Staking (sELUSD)

Users who stake ELUSD and receive sELUSD earn EL Points in proportion to the amount of sELUSD they hold.

• Point formula

  Daily EL Points = sELUSD balance at snapshot × 1

• Example

  Holding 1,000 sELUSD → 1,000 EL Points per day, 30,000 EL Points over 30 days

• Characteristics

  • sELUSD receives the protocol’s yield (e.g., 18% APY) in a more stable, predictable way.

  • In exchange, the EL Point earning rate is set lower than for ELUSD holding.

3.2 ELUSD Holding

Users who keep ELUSD in their wallet without staking also earn EL Points, based on the amount of ELUSD held.

• Point formula

  Daily EL Points = ELUSD balance at snapshot × 10

• Example

  Holding 1,000 ELUSD → 10,000 EL Points per day, 300,000 EL Points over 30 days

• Characteristics

  • ELUSD holding does not receive staking yield, but earns EL Points at a 10× higher rate compared to sELUSD.

  • This creates an alternative option for users who prefer to give up ELUSD yield in exchange for higher upside from future EL distributions via EL Points.

3.3 Referral

When a new user joins via a referral link and earns EL Points through staking or holding, the referrer earns an additional share of those points.

• Point formula

  Daily EL Points (referral) = Friend’s daily EL Points × 0.1

• Example

  If a referred friend earns 10,000 EL Points in a day, the referrer earns an additional 1,000 EL Points (10%).

• Characteristics

  • Referral points are calculated and updated once per day, using the same 00:00 UTC snapshot as other EL Points.

  • Self-referrals and abusive behavior such as multi-account farming may result in point adjustments or removal.