Factors that determine how Firelight Points accrue.
Your Firelight Points are determined by 3 main factors: the amount of stXRP you hold, the length of time you hold it, and phased Point Boosts for early participants.
The primary factor in your points calculation is the total amount of stXRP you have. This includes both the stXRP held directly in your wallet and any stXRP you've deployed in DeFi protocols. In the initial stages, yield generation opportunities will be contained to Flare’s DeFi ecosystem.
The more stXRP you hold, the more points accrued.
The second factor considered is the length of time for which you’d hold your stXRP. Points are accrued based on a time-weighted system.
Hourly Snapshots: Your stXRP balance is recorded in a "snapshot" that is taken every hour on the last block of that hour.
Accumulation: Earn points for every fully completed hour which you hold stXRP. Partially completed hours are not counted.
To reward our earliest supporters, we are offering special boosts that multiply the points you earn.
Boosts will automatically apply to your points based on when you participate. Boosts earned in a phase will be isolated to that phase, and will not be applicable to later phases. Once a phase is completed, your boost will automatically transition to the pre-decided boost in the next phase.
The earlier you stake, the faster you'll accumulate points from early point boosts!
This formula calculates your points accrual, factoring in your total stXRP holdings, the duration stXRP has been held, and active boosts.
The formula is:
This calculation runs continuously, rewarding consistent and early participation in the ecosystem.
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