Reputation Points
Borrow and Lend
The most straightforward way to earn reps is by borrowing from or lending on PWN. In essence, lenders earn 1 rep for every $100 lent and borrowers earn 1 rep for every $100 borrowed for 30 days. The longer the loan duration, the more rep you get.
| Action | Rewards |
|---|---|
| Lend on PWN (awarded on loan repayment or default) | 1 rep per $100 of credit |
| Borrow on PWN (awarded on loan repayment) | 1 rep per $100 of credit and interest |
| Have a running loan | +10% Boost |
However, to account for the actual duration of the loan before it ends (including early repayment), the final reward is calculated using the following formula:
REP = \\frac{\\text{LoanVolume}}{100} \\times \\frac{12}{365} \\times D
- REP – Calculated as 1 rep for every $100 lent or borrowed for 30 days
- D – The final loan duration in days
- LoanVolume – The cumulative loan volume in $
The dollar value of the credit is determined at the moment of loan creation, and reps are calculated based on this value.
| Scenario | Result |
|---|---|
| Repayment | Both the lender and borrower earn rep points based on the loan principal, interest, and duration. |
| Default | Here's a refined version for clarity and consistency:
|
Example scenario
Mark wants to use $100,000 worth of $ABC as collateral to borrow 5,000 USDC for 30 days with a fixed 10% interest.
James agrees to lend 5,000 USDC to Mark and accepts his proposal.
Reward Accrual:
- Mark earns rep points based on the 5,000 USDC loan amount and 500 USDC interest. He will receive 55 reps upon full repayment.
- James earns rep points based on the 5,000 USDC he lent and will receive 50 reps when funding the loan.
Possible Outcomes:
- Default: If Mark fails to repay, James keeps his earned rewards and can claim the $ABC collateral.
- Early Repayment (14 Days): If Mark repays the loan early after 14 days, final reps are calculated using the extended formula.
- Mark earns 25.32 reps
- James earns 23.01 reps
- Full-Term Repayment (30 Days):
- Mark earns 55 reps
- James earns 50 reps
Claimable Reputation
| Action | Rewards |
|---|---|
| Have a Basename | 15 rep |
| Setup PUSH notifications | 10 rep |
| Have a deposit in Aave | 1 rep per $1,000 of deposit |
Protocol
| Action | Rewards |
|---|---|
| Make an Offer | 15 rep |
| Have your Lending Offer accepted | 20 rep |
| Have your Borrowing Offer accepted | 20 rep |
| Accept a Lending Offer | 20 rep |
| Accept a Borrowing Offer | 20 rep |
| Repay your loan | 10 rep |
| Claim loan repayment or collateral | 10 rep |
| Revoke your Offer | 10 rep |
Ecosystem
| Action | Rewards |
|---|---|
| Follow PWN on Farcaster | 10 rep |
| Setup PUSH notifications | 15 rep |
| Setup Discord notifications | 15 rep |
| Setup Email notifications | 15 rep |
| Have an ENS | +2.5% Boost |
PWN Bundler
| Action | Rewards |
|---|---|
| Create a PWN Bundle | 15 rep |
| Unwrap a PWN Bundle | 10 rep |
| Use PWN Bundle as a collateral | 10 rep |
Invite Referrals
See the Referral System section.