Overview

The Hypha Points Program is a campaign designed to bootstrap the Hypha ecosystem and reward early community members.

Program Objectives

The primary objective of this program is to bootstrap the initial Total Value Locked (TVL) of AVAX required to power the Hypha L1 Framework.

This framework, also known as the Hypha Flywheel, is a system designed to create deep economic alignment between staked AVAX and new L1 chains on Avalanche. It addresses the challenge of new L1s operating in silos, disconnected from the core network's liquidity and security.

The flywheel functions through the following mechanics:

• Shared Economic Foundation: It establishes stAVAX as a yield-bearing foundation that can be used by the entire ecosystem.

• Yield Redirection: Through smart contract extensions called alignment plugins, emerging L1s can access and redirect the yield from stAVAX to fund their own growth. For example, an L1 could use this yield to bootstrap liquidity for its DEX or incentivize its first set of validators.

• Mutually Beneficial Cycle: This creates a symbiotic relationship. New L1s get a sustainable source of funding for growth, and in return, their success increases the demand and utility for staked AVAX, strengthening the entire ecosystem.

The Hypha Points Program serves as the catalyst for this system. By participating, users provide the foundational TVL that makes this flywheel possible.

Point System Basics

• What Points Represent: Points are a measure of a user's contribution to the ecosystem's growth. They will be used to determine a user's share of future protocol rewards and incentives.

• How Points Are Earned: Points are earned by performing specific, onchain actions within the Hypha ecosystem, such as staking tokens or operating minipools.

For a complete list of eligible activities and their specific multipliers, see the How to Earn Points & Multipliers page.