🪂Mantissa Airdrop Program

The Mantissa Airdrop Program is built to reward users who contribute meaningfully to the growth of MantisSwap by performing simple yet significant actions. 5% (25,000,000 MNTS) of the total MNTS supply is allocated to the Airdrop Program.

Phase 1 (April to TGE)

Phase 1 of the Mantissa Airdrop Program will go live on 3rd April, 5 pm UTC and will continue until our TGE. A final snapshot date will be announced in due time.

Mantissa Points

Mantissa points are a measure of your contribution to the growth of MantisSwap. Users will be able to earn Mantissa Points under 2 categories: Protocol Points and Referral Points. The points earned by the user $i$ given by

$$P_i = P_D + P_R$$

where $P_D$ are the Protocol points and $P_R$ are the referral points earned by the user $i$.

Protocol Points

Protocol points ($P_D$) are awarded to users for interacting with MantisSwap dApp. Users can earn Protocol points by doing the following actions:

• Depositing liquidity in MantisSwap pools

• Swapping pegged assets on MantisSwap

The protocol points earned by a user $i$ for a token $j$ is given by

$$P_{D,ij} = \beta_j \displaystyle\int_{t=0}^T (V_{ij}(t) + \gamma S_{ij}(t)) \thinspace dt$$

where

$V_{ij}(t)$ is the number of tokens $j$ deposited by user $i$ at time t

$S_{ij}(t)$ is the total volume (expressed in number of tokens) of the token $j$ swapped by user $i$ at time t

$\beta_j$ is the weight multiplier of the token $j$

$\gamma$ is the swap multiplier of the token $j$

Values of token multipliers are shared below in Multiplier Valuessection.

For example: a user who deposits 100 USDC $(\beta_{USDC} = 1)$ for 10 days would be rewarded 24k points for this period (1 x 100 USDC × 10 days × 24 hours/day = 24000 Points).

To obtain total protocol points for a user $i$ we sum the points for each token the user interacts with:

$$P_D = \displaystyle\sum_j P_{D,ij}$$

Referral Points

Users who help in expanding the Mantissa community will be rewarded with Referral Points. By inviting new members, users will be able to enhance their earnings. Initially, whitelisted users will be provided with a unique Referral code. When someone signs up for the Mantissa Airdrop Program using this referral code, the referee will receive 10% of the total protocol points earned by the new user. You can invite multiple users using your referral code. Additionally, the referred user will get a 5% boost on the protocol points they earn.

We plan on distributing referral codes to a select few users periodically, via a variety of activities and quests, so stay tuned and keep actively participating.

Multiplier Values

The unique design of MantisSwap allows us to assign boost multipliers to each token and actions performed with that token, allowing us as well as our partners to reward users who contribute towards a specific token pool growth. You can find the multipliers assigned for each token below.

Token	Weight Multiplier	Swap Multiplier
USDC	1	1
USDT	1	1
DAI	1	1
wETH (coming soon)	****	****

This table will be updated with multiplier values when new asset pools are added.

Boosting Points

Users will be able to boost their points under various scenarios.

New pool launches

For all the new asset pool launches there will be a boost applied to each token for a limited period. The boost will be applied on the protocol points through token weight multiplier.

Rebalancing the pool liquidity ratio

Users who perform a swap that converges the liquidity ratios of two tokens will get a boost on swap multiplier of 1.5x.

OG users

OG users who have interacted with MantisSwap till December 2023 will have a 1.5x boost applied to the points they earn at the end of the campaign.