Bonzo Points & Pre-Season Airdrop: A New Way to Earn & Compete in Hedera DeFi!

Points incentive programs for protocols and networks are ubiquitous across web3 — from LayerZero, to Kamino and Marginfi on Solana, points programs have been employed across the industry to incentivize protocol growth, liquidity, and adoption, rewarding users for these activities.

The Bonzo Points program rewards active community members who supply liquidity to and borrow liquidity from the Bonzo Finance protocol — earnings are based on dollar values supplied and borrowed, and distributed on a 24 hour basis. Point earnings convert to claimable $BONZO at the end of a every points season, each lasting 6 months, with three seasons in total.

Bonzo Finance is excited to announce its highly-anticipated Bonzo Points program, starting with a pre-season token weighted airdrop of points. This offers holders of Hedera ecosystem assets supported by Bonzo Finance a head-start on their points earnings.

Continue reading for details on the Bonzo Points program and pre-season points airdrop, or visit the official documentation.

The HCS-20 Points Standard

The Bonzo Points program utilizes the Hedera Consensus Service HCS-20 standard — this offers the unique ability for points to be tied directly to Hedera accounts on-chain — it also allows for airdropping of points to users without them even having to connect their wallets to the protocol. Additionally, because all points are on-chain, they are verifiable and auditable.

To verify earned Bonzo Points on-chain, please visit TierBot and connect your wallet.

Bonzo Points: Pre-Season Token Weighted Points Airdrop

The token-weighted airdrop of points in pre-season kicks off on Friday, September 13th at 4:00pm ET, starting with a snapshot of holders and amounts of assets in the program. The first distribution of Bonzo Points will be made on Monday, September 16th for the $HBARX asset and continue every other business day with a new points airdrop for every HTS asset supported by the program.

Key points:

• Non-linear token-weighted distribution of points
• Unique regression curve per each asset (to be made available in the documentation)
• Leaderboard and earnings updated every 24 hours in Bonzo Finance app
• Accumulated points determine $BONZO token claims post-Token Generation Event (TGE)
• TGE occurs within 3 months of Bonzo Finance mainnet launch

Snapshot

• Date: September, 13th at 4:00pm ET

Airdrop Distribution for Token-Weighted Pre-Season Points

Points will be distributed across multiple days, based on a schedule tied to assets supported by the protocol:

• Mon, Sept 16: $HBARX
• Wed, Sept 18: $PACK
• Fri, Sept 20: $SAUCE
• Fri, Sept 20: $XSAUCE
• Mon, Sept 23: $DOVU
• Wed, Sept 25: $KARATE
• Fri, Sept 27: $HST
• Mon, Sept 30: $STEAM
• Wed, Oct 2: $USDC

Bonzo NFT Points Multipliers

Every Bonzo NFT comes with a multiplier that automatically multiplies the points you earn during pre-season airdrops, giving you an extra edge in the race to the top of the leaderboard. The multiplier applied to point earnings is based on the single highest tier NFT held in the same account receiving points.

• 🏜️ Desert Bonzo: 1.1x multiplier
• 🌊 Ocean Bonzo: 1.2x multiplier
• 🚀 Space Bonzo: 1.3x multiplier
• 🌌 Singularity Bonzo: 1.5x multiplier

Make sure your NFTs are held during snapshot periods to lock in these rewards and accelerate your path to more points and $BONZO earnings. To purchase an NFT on secondary markets, please visit SentX.

Get Started with Pre-Season Points

Step 1: Points Snapshot

• Date: September 13th, 4:00pm ET
• Applies to all supported assets
• Please ensure assets are in desired points receiving account at the time of snapshot

Step 2: Points Airdrop

• First airdrop: September 16th ($HBARX)
• Frequency: Every other business day (schedule above)
• Covers all HTS assets supported by the program
• Points updated on Bonzo Finance points leaderboard after each airdrop

Step 3: Check the Leaderboard

• Location: app.bonzo.finance/points
• Connect HashPack wallet
• View earned points & your account’s ranking against other in the ecosystem

Bonzo Points: Season One

After the pre-season has concluded and the Bonzo Finance protocol launches on mainnet, season one will start. Point earnings convert to claimable $BONZO at the end of a every points season, each lasting 6 months, with three seasons in total.

Points earnings are based on the dollar value of assets supplied to and borrowed from the protocol, distributed on a 24 hour basis — supported assets of the protocol can be found on the Bonzo Finance homepage.

Details of potential points earnings for season one are found in the table below:

Note: The token generation event (TGE) is set to take place no later than 3 months post-mainnet launch of Bonzo Finance.