Marginfi

Points

Users can earn points on mrgnlend by lending and borrowing assets and referring new users. These points are all equal, but some actions have higher points earning potential than others. 1 lending point = 1 borrowing point, but 1 borrowing point can be earned with less capital.

Lending points

Any user with current deposits on marginfi has been earning points in the background. Every dollar lent earns 1 point per day. The more you borrow, the more points you earn. The longer you lend, the more points you earn.

The users who have deposited the most for the longest currently have the most points and will continue to unless someone deposits more.

Borrowing points

Borrows are the main driver of a lending protocol’s success and help to grow the overall DeFi eco. As such, borrowers receive more points than lenders. $1 borrowed will earn 4 points per day.

The collateral lent to open a borrow will count for lending points as well, meaning borrowers earn not only the boosted points from borrowing but also points from lending.

Referrals

Users can also earn points through referrals. A referring user will get 10% of the points the users they refer earn. These are not reduced from the referred user's balance, they can still earn points at the same rate outlined above. Additionally, referring users will earn 10% of the 10% any user they refer earns from referring other users. This continues down the tree as more users refer to others.