Now Live: Season 2 Points & 1st Edition NFT Claims

Bonzo Finance is an open-source non-custodial lending protocol based on Aave v2 and adapted to Hedera’s EVM and native token services.

The Bonzo Points program rewards active community members who supply liquidity to and borrow liquidity from the Bonzo Finance protocol. Point earnings are based on the dollar value of supported HTS assets supplied and borrowed, and distributed on a 24 hour basis. Point earnings are used to inform claimable $BONZO at the end of every points season, each lasting 3-4 months, with three seasons in total.

Today, the Bonzo Finance protocol has concluded Season 2 of the Bonzo Points program and claims of $BONZO governance tokens are now available for participants. In addition, holders of the 1st Edition Bonzo Finance NFTs are able to claim the final 25% of $BONZO governance tokens.

Season 2 Bonzo Points Claims

Season 2 of the Bonzo Points program started on March 1 2025 and ran until May 31 2025. Users earned 2 points for every $1 supplied and 8 points for every $1 borrowed. Under this formula, users participating in the Season 2 Bonzo Points program, for approximately 3 months, were rewarded more for borrowing than supplying, and their ranking and total points earned in the Season 2 Points program are reflective of this.

The total number of tokens being distributed for Season 2 is 8,000,000 $BONZO tokens. The distribution model for $BONZO tokens to points used the same Concave (√points) regression curve used for Season 1, based on points accumulated per account; this regression curve and alternative options are described in the section below.

For more information about Bonzo Points seasons, with 3 in total, please visit the official Bonzo Finance documentation.

Why a Concave (√points) Distribution?

When designing the token rewards schedule for Season 2 Points earners, an evaluation of several models to allocate tokens based on the points earned by each account was taken: A linear distribution — where tokens are awarded exactly in proportion to points — would have given the top 10 accounts nearly 60% of the tokens. This heavy skew not only concentrates rewards in a few wallets but also risks alienating the broader community.

Conversely, a quadratic model (using points²) would have almost entirely favored the highest contributors, while a logarithmic model flattened differences so much that even top performers receive almost negligible rewards.

What was ultimately chosen chose a concave approach (using the square root of points). This method rewards higher contributions while applying diminishing returns. In thorough analysis of actual Season 2 points data, using a 8-million token pool, the concave model distributes rewards roughly as follows:

Under the concave model, ~12.46% of the 8 million tokens (996,800) would go to the top 10 accounts, ~30.17% (2,413,600) to the top 50, and the remaining ~69.83% (5,586,400) would be spread among all other participants. This balanced allocation ensures that while highest earners are rewarded for their significant contributions, the vast majority of the community still receives a meaningful share of the tokens. In turn, this broad distribution helps foster long-term engagement and community ownership while mitigating risks associated with concentration of $BONZO governance tokens.

1st Edition Bonzo NFT Claims - Final 25%

Bonzo Finance’s 1st Edition NFTs offer a variety of community-centric utility, including a bonus multiplier on points earnings, access to a Discord faucet for $BONZO governance tokens, hand-drawn NFT art, and as a member of the protocol’s community, the ability to claim $BONZO governance tokens.

75% of the claimable $BONZO governance tokens for NFT holder community members were made available at TGE, and the final 25% of $BONZO governance tokens have been made available for claiming today.

To claim $BONZO governance tokens from the 1st Edition Bonzo Finance NFT, please visit the Bonzo Finance claim portal.