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PointsPoints Overview

Points Overview

The HyperQuote Points Program rewards active participation in the protocol’s liquidity ecosystem. Points are earned on every filled trade and reflect the quality, size, and consistency of a participant’s trading activity. The program is designed to incentivize genuine liquidity activity rather than passive holding or wash trading.

Purpose

The points program serves three goals:

  1. Reward liquidity activity — Both makers and takers earn points for contributing to real price discovery and execution on the protocol.
  2. Incentivize quality — Points multipliers reward price improvement, privacy-enhancing behavior, and reliable quoting.
  3. Build reputation — Accumulated points feed into leaderboard rankings and league standings, creating a public track record for participants.

How Points Are Earned

Points are awarded on every filled trade (both spot RFQ and options RFQ). The point award is computed at the time the on-chain settlement transaction is confirmed. Both the maker and the taker involved in the fill receive points, though the scoring formulas differ slightly by role.

The point calculation involves three components:

  1. Base points — Derived from the USD notional value of the trade using a sublinear formula. See Base Points Formula.
  2. Multipliers — A product of several adjustment factors including price improvement, privacy, and pair-repeat decay. See Multipliers.
  3. NFT boosts — Holders of eligible NFT collections receive a multiplicative boost on all points earned. See NFT Boosts.

The final formula is:

points = basePoints * multiplierProduct * nftBoost

Points are awarded to the on-chain address that executed the trade. For makers, this is the address that signed the EIP-712 quote. For takers, this is the address that submitted the settlement transaction.

Leaderboard

The points leaderboard ranks all participants by cumulative points earned. The leaderboard is publicly visible in the HyperQuote UI and updates after each filled trade.

Key leaderboard features:

  • Global ranking — All participants ranked by total points.
  • Role-specific views — Separate maker and taker leaderboards.
  • Time-filtered views — 7-day, 30-day, and all-time rankings.
  • Address lookup — Search any address to see its points history and breakdown.

Point Decay

Points do not decay after they are earned. However, the pair-repeat decay multiplier means that repeatedly trading the same pair in rapid succession yields diminishing returns. This discourages wash trading while allowing genuine repeat activity at a reduced rate.

See Anti-Gaming Guards for details on how decay and other protections work.

NFT Boosts

Holders of specific NFT collections receive permanent multiplicative boosts on all points earned. This creates an additional incentive layer for community participation.

CollectionBoost
Lucky Hypio Winners1.25x
Hypurr1.50x
Both collections2.00x

See NFT Boosts for collection addresses and verification details.

Anti-Gaming Protections

The points program includes several mechanisms to prevent manipulation:

  • Sublinear base formula — Diminishing returns on larger trades prevent point farming through a single large trade.
  • Pair-repeat decay — Repeated trades on the same pair yield fewer points over time.
  • Missing benchmark penalty — Trades without a valid venue comparison benchmark receive a 0.9x multiplier.
  • Multiplier clamping — All multipliers are bounded to prevent extreme values.

See Anti-Gaming Guards for the full list of protections.

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Taker FeesBase Points Formula