Skip to main content

​
What Is a PointsToken

Each supported perp DEX has its own PointsToken on Starknet, representing the exchange’s loyalty points 1:1:
PointsTokenExchangeMeaning
xPXParadex1 xPX = 1 Paradex point
xHLHyperliquid1 xHL = 1 Hyperliquid point
xPCPacifica1 xPC = 1 Pacifica point
Additional PointsTokens are created as new exchanges are integrated. One PointsToken per exchange, shared across all strategies and all epochs on that exchange.

​
How Claiming Works

After an epoch matures, holders claim their share of the epoch’s points as PointsTokens. The number you receive is proportional to your credit share. The claim process:
  1. Epoch matures, total points for the strategy are reported
  2. You claim on your EPT position
  3. Your credit share is calculated, fee deducted, PointsTokens minted to your wallet

​
PointsTokens Persist Across Epochs

Unlike ST and EPT, which are created fresh each epoch, PointsTokens accumulate. Your xPC from Epoch 5 and your xPC from Epoch 8 are the same token. They stack in your wallet. This means your total PointsToken balance reflects your cumulative points exposure across every epoch you have participated in. PointsTokens are standard tokens on Starknet. You can hold, transfer, or trade them freely.

​
Post-TGE: Burn for Airdrop Tokens

When an exchange conducts its (token generation event):
  1. The exchange distributes airdrop tokens to us
  2. We make them available for redemption
  3. A conversion rate is set based on total airdrop tokens and total PointsToken supply
  4. You burn your PointsTokens to receive airdrop tokens at that rate
Example: You hold 1,000 xPC. The exchange airdrops 50,000 PDX tokens against a total xPC supply of 100,000. conversion rate=50,000 PDX100,000 xPC=0.5\text{conversion rate} = \frac{50{,}000 \text{ PDX}}{100{,}000 \text{ xPC}} = 0.5 You burn 1,000 xPC and receive 500 PDX. PointsTokens are a 1:1 on-chain representation of the points/XP you have on the exchange platform. Their value is whatever the exchange’s points are worth.