💦Ion Points

Borrow Side: 1 point per ETH per hour of debt

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Math

$$exchangeRate * debtAmount* hoursDeposited*leverageMultiplier$$

$$leverageMultiplier = \frac{1}{1-LTV}$$

Breakdown

• daily points per 1 ETH deposited: 24

• weekly points per 1 ETH deposited: 168

• monthly points per 1 ETH deposited: 720

• Borrowers can lever up in which case these amounts would be multiplied by a leverage multiplier greater than 1

Lender Side: 10 points per ETH per hour deposited

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$$exchangeRate * lenderDepositAmount*hoursDeposited$$

Breakdown

• daily points per 1 ETH deposited: 240

• weekly points per 1 ETH deposited: 1680

• monthly points per 1 ETH deposited: 7200

• After 100 M TVL lenders get 2x points