Sip-to-Earn Leaderboard

Overview

The leaderboard introduces an exciting gamified experience while offering enticing rewards for users who deposit into dedicated vaults. By strategically combining deposits, users can earn multiplied points, allowing for thoughtful investment strategies. It's worth noting that deposits aren't the sole source of points; users can also accumulate points by referring new users.

Points System

• Deposits: Users get 1 point per $10 each day for deposits in the Strategic vault (i.e. Vodka, Whiskey, Sake, and Maotai). For Lending Vaults (i.e. WATER vaults), users can get 3 points per $10 each day.

• Referral: Users also get 10% of the daily points their referee gets. See more details in the Referral Incentive Program

• Staking: Users get a 1.2x boost on their total daily points for staking above 5000 $VKA

Points and milestones shown on the leaderboard will be updated daily

Multipliers

There are two types of multipliers that users can strategize on: The Day Multiplier and the Combo Multiplier.

Day Multiplier

• The longer the deposit period, the higher the multiplier applied

• Day Multiplier is specific to the corresponding type of vault, meaning that if a user deposits in a strategic vault for 15 days, the multiplier will be applied solely to the points earned from the strategic vault, and not to those from the lending vault.

Days	Strategic Vault Multiplier	Lending Vault Multiplier
1-14	1x	1x
15-29	1.1x	1.1x
30-59	1.2x	1.2x
60-119	1.5x	1.5x
≥120	2x	2x

Deposits with less than $10 will not be receiving any points, to prevent malicious users gaming the system

Combo Multiplier

• Users can strategize their deposits and earn higher points, by creating various combinations,

• Just like the Day Multiplier, specific multipliers targeting a particular vault type (such as depositing in all Strategic Vaults) will only be applied to the points earned from the corresponding vault type.

Combo	Multiplier
Depositing in one or more than one Strategic Vault + one or more than one Lending Vault	1.1x
Depositing in All Strategic Vaults	1.2x
Depositing in two or more than two Lending Vaults*	1.2x
Depositing in All Lending Vaults*	1.5x
Depositing in All Lending Vaults and the total deposit is more than $2000*	2x
Staking more than >5000 $VKA	1.2x

*Note that the three combos with * are mutually exclusive. You will get the highest tier multiplier base on the critieria you met

Only deposits with more than $10 can activate combo multipliers to prevent malicious actors gaming the system

Formula

• Daily points = Total Deposits in SV * Day Multiplier for SV * Combo Multiplier for SV if applicable + Total Deposits in Lending * Day Multiplier for Lending * Combo Multiplier for Lending if applicable

• Total Points = Total points of previous day + daily points

Example

Let say Peter has deposited $1200 in VLP leveraged vault for 20 days (on day 11th), and total of $2100 in all Lending Vault for 30 days (Assuming Peter didnt withdraw on day 30th)

Peter’s Daily points = (1200*1.1*1.1+2100*3*1.2*1.1*2)/10 = 1808.4

Peter Total points = Total points of previous day + 1808.4

Or:

Days	SV Deposits	SV Points	Lending Balance	Lending Points
1-10	0	0	2100	= 2100*3*10*2/10 = 12600
11-14	1200	= 1200*4*1.1/10 = 528	2100	= 2100*3*4*1.1*2/10 = 5544
15-24	1200	= 1200*10*1.1/10 = 1320	2100	= 2100*3*10*1.1*1.1*2/10 = 15246
25-29	1200	= 1200*5*1.1*1.1/10 = 726	2100	= 2100*3*5*1.1*1.1*2/10 = 7623
30	1200	= 1200*1*1.1*1.1/10 = 145.2	2100	= 2100*3*1*1.2*1.1*2/10 = 1663.2

Total points = 12600+528+5544+1320+15246+726+7623+145.2+1663.2 = 45395.4

Achievement Milestones

Users can accumulate Achievement Milestones by fulfilling the criteria associated with each milestone. As you successfully achieve each milestone, your progress will be prominently displayed on the leaderboard page. Once the milestones are achieved, it will remain activated for the rest of the period.

The rewards for these milestones will be disclosed in upcoming stages, so stay tuned for exciting updates.

Accumulative Leaderboard

Users' points will accumulate, fostering a competitive environment among participants. The cumulative leaderboard will showcase your personal ranking as well as the top 20 scorers across the protocol.

For users that have already deposited before the campaign, the scores will automatically be counted in the leaderboard. There is no need for users to withdraw and redeposit again to earn points.

Irregular Leaderboard Events

• Irregular events will feature distinct points calculation methods, deviating from the cumulative leaderboard, to provide newcomers with an opportunity to join in on the excitement

• Separate rewards will be allocated for each event, ensuring recognition for participants in each specific event.

Rewards

The leaderboard offers rewards for top scorers, providing users with an engaging gamified experience and the potential to enhance their overall Vaultka experience. Scorers will be airdropped with $esVKA tokens for their contribution. For more details, refer to the Airdrop Page.

While the airdrop eligibility deadline is set for October 30th, the leaderboard will remain active, allowing points to accrue continuously. The Leaderboard isn't limited to the airdrop campaign as a one-time event; it will serve as a platform for future community events and activities.