Point Formula
Our goal is to build a transparent perpetuals DEX that truly belongs to traders.
To ensure fairness and verifiability, we use an on-chain points system, and the complete point calculation logic is encoded directly in the smart contracts
Point Type
- LVP: LeverUp Point
- LVHP: LeverUp High Leverage Point
Point tokens are non-transferable
LVP and LVHP are non-transferable ERC-20 tokens — see Contract Addresses.
User Profile Definition
- Normal User: with <= 100 leverage to open positions
- High Leverage User: with >= 500 leverage to open positions
User Points = Open/Close Position Points * Hold Position Duration Multiplier * Team Boost Multiplier
Terms
| Parameter Name | Parameter Function | Parameter Value % |
|---|---|---|
| u1 | Normal user open/close position coefficient | 0.07 |
| u2 | High leverage user close position coefficient | 0.05 |
Open/Close Position Points
Normal User
- Open Position
- Position Size * u1
- Close Position
- Position Size * u1
High Leverage User
- Open Position
- Position Size * 0
- Close Position
- Position Size * u2
Minimum hold before a trade counts
A position must be held for more than 3 minutes — 1 minute for high leverage — to count as a valid open/close for points.
Hold Position Duration Multiplier
Normal User: f1(x)
High Leverage User: f2(x)
https://www.desmos.com/calculator/rb2i2a0lvu
Team Boost Multiplier (Referral)
- Invite Code Generation Rules
- Code generation is enabled after reaching $100,000 in trading volume
- Referrer Benefits
- For every 4 points the referred user earns, the referrer gets 1 point
- Referred User Benefits
- Share team boost multiplier, earn extra boost point
- Team Boost Point
- Based on total trading volume of team members in the past 24 hours
- All accumulated points of the team receive the boost bonus corresponding to the tier reached that day
| Team Trading Volume (24 hours) | Boost |
|---|---|
| $600,000 | 1.05 |
| $1,000,000 | 1.078 |
| $2,00,000 | 1.117 |
| $4,000,000 | 1.158 |
| $8,000,000 | 1.2 |
Point Distribution
- Normal user pool
- Accounts for 40% of $LV distribution
- High leverage user pool
- Accounts for 60% of $LV distribution
- Point settlement time
- Immediate
- Total $LV Distribution
- 10% of total supply