Rewards

On top of the protocol's base yield, Noon runs a points-based rewards programme organised in seasons. Points reward the behaviour that builds the protocol: holding, staking, providing liquidity, and referring. These points can be converted to $NOON, and reward Noon's most long-term oriented users even more.

This page covers how the programme works; every rate and boost lives on Multipliers, and the programme's next chapter lives on Noon League.

Programme terms, rates, and multipliers are season-specific and subject to change, including by governance decision. Points are a rewards mechanism, not a yield, deposit, or guarantee of any token amount or value.

Seasons

The programme runs in numbered seasons, each with its own rates and campaigns. The current season is shown at app.noon.capital/rewards.

How points accrue

You earn points three ways:

• Holdings. $USN and $sUSN accrue points daily across all supported chains, with $USN at a substantially higher rate. That asymmetry is deliberate: $USN holders forgo the cash yield, and points are how the programme recognises it. The trade-off is laid out on $USN or $sUSN? and the current rates on Multipliers.

• Activities. Providing liquidity on supported venues earns boosted rates, with venue, pair, and chain-specific multipliers. All of it on Multipliers.

• Referrals. Referrals pay both sides: you earn 10% of your referees' points, and they earn a 10% boost on their own accrual.

Points and $NOON

Points convert to $NOON every month, and the mechanism is simple:

1. Each month, a set pool of $NOON is allocated to the rewards programme.

2. Through the month, you earn points from holdings and activities (the full list lives at app.noon.capital/points).

3. At month-end, your share of total points becomes your share of that month's pool.

What's next

The Reward programme is becoming the Noon League, and everything you accrue now already counts toward it.