加密货币积分计划激增：拥抱治理和空投奖励

积分系统正在成为加密协议广泛采用的机制，用于跟踪和奖励早期采用者，许多协议实施积分计划来确定空投分配。积分不具有固有的经济价值，但通常被视为具有经济价值，从而导致人们对代币分配的潜在价值进行猜测。女巫挖矿（Sybilfarming）已经出现，用户使用多个地址来积累积分。尽管很受欢迎，但一些著名的加密协议尚未进行空投，包括 EigenLayer、Blast、Kamino、Swell、Kelp DAO、Marginfi、Hyperliquid、Drift、Parcl、Friend.Tech、Magic Eden 和 Rainbow。

Points Programs: A Booming Trend in Crypto Governance and Airdrop Rewards

积分计划：加密货币治理和空投奖励的蓬勃发展趋势

Points systems have emerged as a prominent offchain mechanism employed by crypto protocols to monitor and evaluate the participation of early adopters. A diverse range of crypto projects have embraced the use of points to determine the allocation of airdropped native tokens to their users.

积分系统已成为加密协议用来监控和评估早期采用者参与情况的重要链下机制。各种加密货币项目都采用了使用积分来确定向其用户分配空投原生代币的方式。

Among the notable crypto projects that have implemented points programs and subsequently conducted airdrops to reward their early adopters include the NFT marketplace Blur, restaking platform EtherFi, and Solana-based DeFi protocol Jito.

实施积分计划并随后进行空投以奖励早期采用者的著名加密项目包括 NFT 市场 Blur、重新抵押平台 EtherFi 和基于 Solana 的 DeFi 协议 Jito。

The Nature of Points and Their Impact on Airdrop Allocation

积分的性质及其对空投分配的影响

In theory, points possess no inherent economic value and do not automatically guarantee the allocation of a protocol's native token. However, some individuals treat points as if they do, speculating on the potential value of airdrop allotments. This behavior, often referred to as "sybil farming," involves employing multiple addresses and automated bots to engage in transactions on a specific protocol over a sustained period to accumulate as many points as possible.

理论上，积分不具有固有的经济价值，并且不会自动保证协议原生代币的分配。然而，有些人却视积分为己任，猜测空投分配的潜在价值。这种行为通常被称为“女巫挖矿”，涉及使用多个地址和自动化机器人在持续一段时间内参与特定协议的交易，以积累尽可能多的积分。

The use of points programs has gained popularity among crypto protocols, particularly after Blur's successful implementation of the practice in May 2022.

积分计划的使用在加密协议中越来越受欢迎，特别是在 Blur 于 2022 年 5 月成功实施该做法之后。

Top Crypto Projects with Points Programs and Upcoming Airdrops

具有积分计划和即将到来的空投的顶级加密货币项目

Here is a comprehensive list of the top ten crypto protocols and projects that have enacted points programs but have not yet conducted a token airdrop, ranked by their total value locked (TVL):

以下是已制定积分计划但尚未进行代币空投的十大加密协议和项目的完整列表，按锁定总价值（TVL）排名：

1. EigenLayer: The second-largest DeFi protocol across all blockchain networks behind Lido Finance, EigenLayer boasts a TVL exceeding $13.6 billion since launching limited restaking on Ethereum mainnet in June 2023. The highly-anticipated EigenLayer airdrop date remains undisclosed, but speculations point towards a possible release within this quarter, especially following the team's announcement of EigenDA's launch on mainnet, the first active validated service deployed on EigenLayer.
2. Blast: This layer 2 scaling rollup introduced a points program even before its network became operational, highlighting the integral role points programs have played in the inception of some crypto protocols. While Blast was still in its testing phase, the team opened up deposits into its smart contracts, allowing crypto users to bridge ETH to the layer 2 network, earn a yield on their deposits, and accumulate points redeemable in May, according to the project's website.
3. Kamino: Points programs have also found their way into lending protocols like Kamino, a Solana-based platform with a TVL of almost $1.31 billion, marking an impressive growth of over 482% from its $225 million TVL at the beginning of 2024, as reported by DefiLlama.
4. Swell: Swell, an Ethereum staking protocol with a TVL of over $1.23 billion, has implemented a points program that allows users to earn "pearls" redeemable for SWELL tokens at its token genesis event. Each pearl represents a portion of the $SWELL airdrop, and ultimately grants holders governance tokens for Swell's decentralized autonomous organization (DAO).
5. Kelp DAO: Kelp DAO, a liquid restaking solution for public blockchain networks, has also rolled out a points program. With a TVL of $821 million, a 486% increase since the start of the year when it stood at $140 million, Kelp DAO introduced "Kelp Miles" which serve as an "additional layer of incentives to restakers" that complement the points earned on EigenLayer.
6. Marginfi: Marginfi, a lending platform native to the Solana blockchain network, has a TVL of $543.42 million, a roughly 50% increase since January 1 when users had only locked $364 million into the platform. While Marginfi's points system allows users to accumulate points based on their usage and interaction with the DeFi application, its documents emphasize that points have no monetary value and do not guarantee the availability of any specific redemption of rewards.
7. Hyperliquid: Hyperliquid, a perpetual trading exchange with about $373 million in TVL, also operates a points program. Hyperliquid has a dedicated tab on its interface that displays total points and rankings relative to other users. According to the project's website, 1,000,000 points will be distributed weekly to users for six months, starting November 1, as a reward for their contributions to the protocol's success.
8. Drift: Drift, a Solana-based exchange for perpetual futures, has yet to launch its token but has been conducting a points program for several months. The protocol rewards its users in various ways, including acting as market makers by providing liquidity on the platform's order book or as traders generating trading volume on Drift's perpetual and spot markets.
9. Parcl: Parcl, a perpetual trading platform focused on real estate markets, recently ended the third season of its points program on April 1 and is currently finalizing its initial allocation of PRCL. The project's initial token allocation is reportedly imminent.
10. Friend.Tech: Friend.Tech, a decentralized social network, allows users to invest in "shares" of individuals, which unlocks "a direct line of communication to them by gaining entry into an exclusive chatroom." The platform has incorporated a points system, and the team has indicated that 100% of its onchain points will be distributed to community users instead of venture capital firms.

Notable Crypto Projects with Points Programs but No TVL

EigenLayer：EigenLayer 是仅次于 Lido Finance 的第二大区块链网络 DeFi 协议，自 2023 年 6 月在以太坊主网上推出有限重质押以来，EigenLayer 的 TVL 超过 136 亿美元。备受期待的 EigenLayer 空投日期尚未披露，但猜测可能会在本季度内发布，特别是在团队宣布 EigenDA 在主网上启动之后，这是部署在 EigenLayer 上的第一个主动验证服务。Blast：这个第 2 层扩展汇总甚至在其网络投入运行之前就引入了积分计划，强调了积分计划的不可或缺的作用在一些加密协议的诞生过程中就发挥了作用。据该项目网站称，虽然 Blast 仍处于测试阶段，但该团队在其智能合约中开放了存款，允许加密货币用户将 ETH 连接到第 2 层网络，从存款中赚取收益，并积累可在 5 月份兑换的积分.Kamino：积分计划也已进入 Kamino 等借贷协议中，Kamino 是一个基于 Solana 的平台，TVL 近 13.1 亿美元，据报道，其 TVL 比 2024 年初的 2.25 亿美元增长了 482% 以上，令人印象深刻作者：DefiLlama.Swell：Swell 是一个以太坊质押协议，TVL 超过 12.3 亿美元，它实施了一项积分计划，允许用户在其代币创世活动中赚取可兑换为 SWELL 代币的“珍珠”。每颗珍珠代表 $SWELL 空投的一部分，并最终向持有者授予 Swell 去中心化自治组织 (DAO) 的治理代币。 Kelp DAO：Kelp DAO 是公共区块链网络的流动性重新抵押解决方案，也推出了积分计划。 Kelp DAO 的 TVL 达到 8.21 亿美元，较年初的 1.4 亿美元增长了 486%，Kelp DAO 推出了“Kelp Miles”，作为“对重试者的额外激励层”，补充在 EigenLayer 上赚取的积分.Marginfi：Marginfi 是 Solana 区块链网络原生的借贷平台，其 TVL 为 5.4342 亿美元，自 1 月 1 日以来增加了约 50%，当时用户仅在该平台锁定了 3.64 亿美元。虽然 Marginfi 的积分系统允许用户根据其使用情况以及与 DeFi 应用程序的交互来累积积分，但其文件强调积分没有货币价值，并且不保证任何特定兑换奖励的可用性。 Hyperliquid：Hyperliquid，永续交易交易所TVL 约为 3.73 亿美元，还运营积分计划。 Hyperliquid 的界面上有一个专用选项卡，显示总积分和相对于其他用户的排名。根据该项目的网站，从 11 月 1 日开始，为期六个月，每周将向用户分发 1,000,000 积分，作为对他们对该协议成功做出的贡献的奖励。 Drift：基于 Solana 的永续期货交易所 Drift 尚未推出它的代币，但几个月来一直在进行积分计划。该协议以多种方式奖励其用户，包括通过在平台订单簿上提供流动性来充当做市商，或者充当在 Drift 永续和现货市场上产生交易量的交易者。 Parcl：Parcl 是一个专注于房地产市场的永续交易平台，最近积分计划第三季已于 4 月 1 日结束，目前正在最终确定 PRCL 的初始分配。据报道，该项目的初始代币分配即将进行。 Friend.Tech：Friend.Tech 是一个去中心化社交网络，允许用户投资个人的“股份”，从而解锁“通过进入专属聊天室与他们进行直接沟通” ”。该平台已纳入积分系统，团队表示其链上积分 100% 将分配给社区用户，而不是风险投资公司。 有积分计划但没有 TVL 的著名加密项目

In addition to the above-listed projects with TVL, several prominent crypto projects with points programs do not operate with a total value locked amount:

除了上面列出的具有 TVL 的项目外，几个具有积分计划的著名加密项目并不以总价值锁定金额运行：

1. Magic Eden: Magic Eden is a marketplace for non-fungible tokens (NFTs) on various blockchain networks, including Solana, Bitcoin, Ethereum, and Polygon. Collectors, creators, and traders can participate in Magic Eden's rewards programs, which involve earning "Diamonds," Magic Eden's version of points.
2. Rainbow: Rainbow, an Ethereum-based self-custodial wallet, has also adopted a points program. "Rainbow Points are the first step towards including our community in the future success of Rainbow," wrote the team on its website. "It's a program designed to make your Rainbow experience more fun and rewarding."

Conclusion

Magic Eden：Magic Eden 是各种区块链网络上的不可替代代币 (NFT) 的市场，包括 Solana、比特币、以太坊和 Polygon。收藏家、创作者和交易者可以参与 Magic Eden 的奖励计划，其中包括赚取“钻石”，Magic Eden 的积分版本。Rainbow：基于以太坊的自我托管钱包 Rainbow 也采用了积分计划。该团队在其网站上写道：“Rainbow Points 是让我们的社区参与 Rainbow 未来成功的第一步。” “这是一个旨在让您的 Rainbow 体验更加有趣和更有意义的计划。”结论

Points programs have become an integral aspect of crypto governance and airdrop rewards. While they do not inherently guarantee a token allocation, their potential influence on the distribution of native tokens has led to speculation and strategic accumulation of points by some users. The increasing adoption of points programs among crypto protocols demonstrates their effectiveness in fostering early adopter participation and aligning incentives within the community.

积分计划已成为加密货币治理和空投奖励的一个组成部分。虽然它们本身并不保证代币分配，但它们对原生代币分配的潜在影响导致了一些用户的投机和策略性积累积分。加密协议中越来越多地采用积分计划，这证明了它们在促进早期采用者参与和调整社区内激励措施方面的有效性。