Rewards

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

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

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

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

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

Dashboard | Echelon

Echelon

https://app.echelon.market

FAQ

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 | X | Discord | Docs

Echelon has tens of thousands of monthly active users, and hundreds of millions in capital deposits and loans originated. It is now looking to expand from a pure crypto native global pool model lending market to become a truly better version of traditional financial infrastructure. Echelon seeks to achieve this through the launch of four core products that will aim to integrate structured financial product trading, onboard KYCd users, onboard a variety of real world assets, and enable onchain undercollateralized lending and credit expansion respectively.

Current State

Echelon has built a community of 1000+ daily active users who use the platform to borrow against their Bitcoin, Ether, APT, Liquid Staking Tokens, and other stablecoins. This has led to us working with companies like Ethena to offer high yielding stablecoins and World Liberty Financial to offer robust onchain US dollars. We have worked with exchanges like OKX to integrate new types of BTC, and have tens of millions of Bitcoin deposits on the platform. Echelon has grown to become the largest DeFi protocol on Aptos since launching in early 2024, and one of the top 10 largest lending protocols in DeFi.

Fixed Yield Product

Fixed yields are a large market in traditional finance, and a significantly sized one in crypto as well (as demonstrated by Pendle). Echelon is looking to become the first DeFi lending platform that has its own integrated fixed yield product. We will enable the tokenization and trading of future yield from all types of crypto and RWAs assets, and allow the collateralization of these on one interface. This will allow users to seamlessly borrow against complex structured positions natively on Echelon.

Modular Pool for Tokenized Assets (RWAs)

Echelon in late 2025 and early 2026 will be rolling out Modular Pools, separate from our global lending pool product. This will function by allowing KYC’d users to supply stablecoin liquidity to various individual tokenized real world assets from verified institutional suppliers. The modular system enables Echelon to silo risk and allow highly diverse yield bearing collateral types - from trade finance receivables to equipment leases to revenue-based financing agreements. Each RWA pool module will come with its own oracle integration, legal framework, and servicing rails.

We are currently exploring this with several notable partners and will keep our community closely updated.

Integration with Mobile Apps and Neobanks

As we roll out the above as part of the Echelon platform, throughout 2026 we are looking to transform from a power user, primarily desktop based experience, into mobile-first financial infrastructure. Through native SDKs and white-label solutions, we are working with select neobanks and fintech companies (most notably with https://x.com/StackAppReal as their initial partner) to offer their users instant access to our lending pools directly from their existing interfaces - no wallet management or gas fees required.

Through our distribution partners, Web2 users will simply deposit their idle fiat balances to earn Echelon DeFi yields, or access credit lines that appear alongside their traditional banking products, all while the complexity of blockchain interactions happens invisibly in the background. This positions us as the invisible DeFi layer powering the next generation of consumer finance applications, ultimately bringing our products millions of users who don't even know they're using crypto.

🏙 About Civitia

Civitia is a decentralized social-financial game built on the Initia modular blockchain with Celestia data availability.

Players roll dice, buy or rent cities, and earn yield across a real-time, on-chain board - merging economic gameplay with DeFi mechanics.

Each season brings new “Seasonal Cities” that reset after every epoch, rewarding top contributors with INIT, VIP points, and rent yield.

Learn more about Civitia’s mechanics → docs.civitia.org

Campaign Overview

The Echelon Sponsored Season introduces two new limited-time cities:

• Lend City - earn by lending INIT on Echelon

• Borrow City - earn by borrowing USDC on Echelon

Players completing these actions on Echelon (Initia deployment) can mint free city units and start generating yield inside Civitia.

Rewards

Throughout the two-week campaign running from October 23 to November 6, 2025, participants can earn additional on-chain rewards across both Civitia and Echelon::

• 15K INIT jackpot boost for Civitia Season 21

• 72K VIP rewards distributed through Initia’s ranking system

• 10% of Echelon Stage 15 VIP emissions allocated to Seasonal City owners

Snapshot: all addresses that minted the seasonal cities after completing Echelon tasks will receive the bonus.

How to Mint a City (Step-by-Step Guide)

Step 1: Connect your wallet → civitia.org

Step 2: Roll the dice to move across the board.

Step 3: Land on an Echelon city (Lend City or Borrow City)

Step 4: Complete the task on Echelon

• For Lend City: supply 500 INIT

• For Borrow City: borrow 100 USDC

Step 5: Once completed, return to Civitia and mint your city unit - it starts generating rent yield automatically.

Benefits

Each minted city grants:

• 25 TP, 25 SILVER, 25 Contributions

• Fixed rent yield (0.1 INIT on Lend City, 0.2 INIT on Borrow City)

• Eligibility for shared VIP rewards

🔗 Join the Season

• 🎲 Play the game → civitia.org

• 🏦 Lend & borrow → app.echelon.market

• 🧭 Learn more about Civitia → docs.civitia.org

Echelon Links and Socials

Website | X | Discord | Docs

How it works

Rewards are calculated on net USD1 supply:

Net Supply = Supplied USD1 − Borrowed (USD1 / USDC / USDT )

If you borrow stablecoins and re-supply them to “loop” your position, that borrowed amount is subtracted from your eligible supply.

Examples:

• Supply 10,000 USD1 → Borrow 4,000 USDT → Net = 6,000 USD1

• Supply 10,000 USD1 → Borrow nothing → Net = 10,000 USD1

• Supply 10,000 USD1 → Borrow $2,000 in APT → Net = 10,000 USD1 (non-stable borrow doesn’t reduce net supply)

• Supply 10,000 USD1 → Borrow 2,000 sUSDe → Net = 10,000 USD1 (sUSDe borrow doesn’t reduce net supply)

Snapshots are taken continuously. Rewards depend on your net supply and the duration it remains in the market.

Rewards Distribution

Rewards are distributed biweekly (every 2 weeks) based on continuous snapshots of your eligible supply. The “Current Eligible Supply” display may take a few hours to update after supplying.

Rules Recap

• Rewards depend on net USD1 supply

• Borrowing USD1, USDC or USDT reduces eligibility

• Borrowing non-stables (like APT) does not reduce eligibility

• Withdraw-and-redeposit activity doesn’t reset eligibility

• Rewards distributed every two weeks

• Borrowing sUSDe does not reduce eligibility

Supply USD1

Supply USD1 to start earning based on your net balance:

https://app.echelon.market/market/0xbb8f38636896c629ff9ef0bf916791a992e12ab4f1c6e26279ee9c6979646963?network=aptos_mainnet

Echelon Links and Socials

Website | X | Discord | Docs

📅 Campaign Timing

• Start: October 2, 12:00 AM UTC

• End: October 16, 12:00 AM UTC

Once the campaign concludes, reward distribution will be calculated and shared with eligible participants.

💰 Rewards

• Leaderboard ($15,000)

  The top 100 net new USDC suppliers share $15,000, weighted by the amount supplied.

• Raffle ($5,000)

  300 random suppliers split $5,000. Every $50 USDC supplied = 1 raffle ticket.

  ⚠️ Leaderboard winners are excluded from the raffle — you can’t win both.

❓ How It Works

Rewards are calculated only on net new USDC deposits made during the campaign period. If you already had USDC supplied before September 29, that balance won’t count. Any USDC, USDT, or sUSDe borrows will be subtracted from the total supply.

Likewise, withdrawing and redepositing your old supply doesn’t reset it - only genuinely new funds deposited during the campaign window are eligible.

Guide: Supply USDC on Echelon with Backpack Wallet

Step 1: Download Backpack wallet

https://backpack.app/

Step 2: Open the Echelon App

Go to app.echelon.market. This is where you’ll connect your wallet and join the campaign.

Step 3: Connect Backpack Wallet

Step 4: Join campaign

Step 5: Supply USDC

Navigate to the Markets tab, select USDC, and click Supply. Enter the amount you’d like to deposit. Confirm the transaction in Backpack.

https://app.echelon.market/market/0x2c4e0bb55272f9c120ffd5a414c10244005caf9c1b14527cea3df7074c5bf623?network=aptos_mainnet

✅ Rules Recap

For clarity, here are the rules in a simple list:

• Only net new USDC deposits made during the campaign period are eligible. Any USDC, USDT, or sUSDe borrows will be subtracted from the total supply.

• Withdrawn and re-supplied funds are excluded.

• Leaderboard winners (top 100) are not included in the raffle.

• Users must connect with their Backpack wallet to qualify.

Wrapping Up

We’re excited to launch this campaign together with Backpack Wallet and bring even more users into the Aptos DeFi ecosystem. With simple onboarding and clear rewards, this is just the beginning of making lending and stablecoin strategies accessible to a wider audience.

Echelon Links and Socials

Website | X | Discord | Docs