> For the complete documentation index, see [llms.txt](https://docs.echelon.market/echelon/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.echelon.market/echelon/campaigns/echelon-frozen-yields-campaign.md).

# Echelon: Frozen Yields Campaign

<figure><img src="/files/gkXmPSoW9Yrm91vRDGV8" alt=""><figcaption></figcaption></figure>

### Campaign Timeline

* **Start:** Dec 15, 23:00 UTC
* **End:** Jan 15, 23:00 UTC

Only net supply added **after the start time** is eligible.

### Eligible Assets

Rewards are allocated across stablecoins as follows:

* **USDC:** 80% of total rewards
* **USDT:** 20% of total rewards

### How Rewards Are Calculated

#### Net Supply

Your **net supply** is defined as:

```
Net Supply = Supplied Balance − All Stable Borrows
```

Only **positive net supply** counts toward rewards.

#### Daily Reward Accrual

* Rewards are earned **daily**
* Rewards are based on **net supply added after the campaign starts**
* Rewards are displayed **live in the UI**
* Withdrawing supply **stops new rewards from accruing** during that period

#### 30-Day Vesting Mechanism

Each day’s rewards are subject to a **30-day vesting period**:

* Rewards earned on **Day N** unlock on **Day N + 30**
* Rewards unlock based on your **net supply at vesting time**, not at accrual time

#### Reward Scaling at Vesting

At vesting time:

* If your net supply is **unchanged or higher** → **100% of rewards unlock**
* If your net supply is **lower** → rewards unlock **proportionally**
* If net supply is **zero** → rewards do not unlock

Any rewards that fail to unlock are **redistributed to eligible users**.

### Withdrawals & Re-Supplying

* **Withdrawing supply**
  * Pauses new reward accrual
  * Does **not** immediately forfeit previously earned rewards
* **Previously earned rewards**
  * Can still unlock **only if** you re-supply and maintain the required net supply during their vesting window

### Summary of Campaign Mechanics

* Rewards are based on **net supply added after campaign start**
* Rewards accrue **hourly**
* Each day’s rewards unlock **30 days later** at an hourly rate
* Net supply = supplied balance − stable borrows
* Unlock amount depends on **net supply at vesting**
* Lower balance → proportionally fewer rewards
* Withdrawals pause reward accrual
* Undistributed rewards are **redistributed**

***

### FAQ

#### What happens if I withdraw before rewards vest?

You unlock rewards **proportional to the balance you keep**. Any unvested portion is redistributed.

#### Can I withdraw and re-supply later?

Yes. However, you **do not earn rewards while withdrawn**.

#### If I fully withdraw, do I lose all rewards?

* You stop earning new rewards
* Previously earned rewards can still unlock **only if** you re-supply and maintain the required net supply during their vesting window

#### Will I lose my rewards for the entire day if I withdraw and re-supply briefly?

**No.** Rewards accrue **hourly**, not daily. You only miss rewards for the hours you’re withdrawn. Rewards resume once you re-supply.

### TL;DR

Supply **USDC or USDT** after the campaign starts →\
Earn rewards **daily** →\
Keep your **net supply** →\
After **30 days**, rewards unlock →\
Same balance = **100% rewards**, lower balance = **reduced rewards**