Echelon: Frozen Yields Campaign

Frozen Yields is a limited-time Aptos winter incentives campaign offering $30,000 in rewards with 30-day vesting. Rewards are distributed daily based on net supply added after the campaign start.

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

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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 However, you do not earn rewards while withdrawn.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