# iUSD campaign is LIVE

By [Echelon Market](https://paragraph.com/@echelon-market) · 2026-02-27

initia, echelon, lending, defi, yield, crypto, stablecoins

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The iUSD incentives campaign is live. Rewards accrue hourly based on your net iUSD supply, and are distributed through the Initia VIP dashboard.  
  
**The iUSD incentives campaign runs Feb 26 → Mar 26.**

Rewards
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Total incentives: $25,000 in iUSD this month.

• $12.5k for iUSD net supply  
• $12.5k for borrows against INIT and sxINIT

How rewards are calculated
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Eligible iUSD supply is calculated as:

> Total iUSD supplied minus any iUSD borrowed.

Snapshots are taken **hourly**. Rewards accrue based on your net supply each hour.

Vesting mechanics
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Rewards begin unlocking after **30 days**. They vest linearly over **90 days**.

To receive **full rewards**, you must **maintain** your net supply during the vesting period. Reducing your deposit scales rewards down proportionally.

Examples
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_Example 1_  
Supply 10,000 iUSD and borrow 0 iUSD.  
Eligible supply = **10,000 iUSD**.

To unlock full rewards after vesting starts, maintain 10,000 iUSD for the 90‑day vesting period.  
  
_Example 2_  
Supply 10,000 iUSD and borrow 4,000 iUSD.  
Eligible supply = **6,000 iUSD**.

To unlock full rewards after vesting starts, maintain 6,000 iUSD for the 90‑day vesting period.

Rewards claim
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Rewards will be available to claim in the Echelon rewards dashboard:  

![](https://storage.googleapis.com/papyrus_images/1df606ad50dfd4d8f09dab73210322aaf650bc21a114024ffc99885864ffdaed.png)

[

Dashboard | Echelon
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Echelon

https://app.echelon.market

![Dashboard | Echelon](https://storage.googleapis.com/papyrus_images/4d86fc24ee1f5b95cd4f1951c01e7c391dce333c3141aeebf73496545de9c9d8.jpg)

](https://app.echelon.market/dashboard?network=initia_mainnet)

FAQ
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**Q: Can I supply via multiple wallets?**  
_Yes_. Rewards are calculated per wallet. You still need to maintain each wallet’s net supply through vesting to unlock full rewards.  
  
**Q: What if I withdraw or reduce my deposit once vesting starts?**  
Rewards scale down proportionally with your net supply.  
_Example_: you supply 10,000 iUSD. After vesting starts, you reduce supply to 6,000 iUSD → rewards from that point are based on 6,000 iUSD supply.  
  
**Q: Are rewards distributed in iUSD?**  
_Yes._  
  
**Q: Does borrowing iUSD reduce my rewards?**  
_Yes_. Eligible iUSD supply is total supplied minus any iUSD borrowed, so borrowing iUSD lowers eligibility.  
  
**Q: Is there a minimum supply required?**  
_No._

Echelon Links and Socials  
[**Website**](https://echelon.market/) **|** [**X**](https://x.com/EchelonMarket) **|** [**Discord**](https://discord.com/invite/echelonmarket) **|** [**Docs**](https://docs.echelon.market/echelon/)
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*Originally published on [Echelon Market](https://paragraph.com/@echelon-market/iusd-campaign-is-live)*