Season 1

Lucid’s Points Program is designed to reward all participants—retail and institutional alike—for contributing liquidity through Vested Emission Offerings (VEOs). The program aligns user incentives with protocol growth and prepares participants for the upcoming $LUCID airdrop.

What is it?

The Lucid Points Program allocates a fixed share of upcoming $LUCID tokens to participants that help bootstrap protocol‑owned liquidity (POL). Points will be redeemable on the day of the TGE.

• Open to everyone with fairness measures built in– retail users, DAOs, treasuries and institutional LPs.

• Leaderboard UI – a real‑time points dashboard launches shortly after Season 1 begins.

• Fair‑launch ethos – anti‑sybil rules, tiered rewards and max caps for fairness.

Campaign Summary

• Airdrop Pool: 1% of total $LUCID supply

• Program Duration: 4 months (launching with the peaq VEO campaign)

• Leaderboard: Coming soon for live rankings and activity tracking

• Eligibility: Open to everyone—no whitelist or KYC needed

• Redeemable: on the day of the TGE

Key Dates

Event	Date
Season 1 Kickoff (Peaq VEO Bonding)	27 May 2025
Early-bird bonus window closes	10 June 2025
Interim leaderboard reveal	July 2025
Interim snapshot & airdrop ratio published	October 2025
$LUCID TGE & Claim Portal	TBA

How It Works

1. Track bonded liquidity: Lucid snapshots the USD value of assets bonded into Peaq’s VEOs contract per wallet.

2. Accrue points: Every dollar bonded earns points according to the Points Structure mentioned in the Earning Points section below.

3. Leaderboard: Points update continuously and are displayed in the Leaderboard UI (soon available).

4. Snapshot & airdrop: At the four‑month mark Lucid takes a final snapshot. Each wallet receives a share of the $LUCID pool proportional to its points.

5. Claim & stake: After token generation event (TGE) users can claim $LUCID and optionally stake for $veLUCID to unlock revenue share, fee discounts and governance power.

Earning Points

Bonded Amount	Points Earned	Notes
First $1000	1 point per $1	High incentive for smaller participants
Next $4000 (from $1k to $5k)	0.5 points per $1	Balanced reward for mid-size contribution
Above $5000 (up to $10k)	0.25 points per $1	Fairness enforced with max cap (hard cap at $10k ≈ 4250 points)
Early Bonus	20% bonus on all points	For bonds submitted during the first two weeks of the campaign

Example

A user who bonds $6,000 in the first week receives:

• 1,000 pts (first $1k)

• 2,000 pts (next $4k)

• 250 pts (final $1k)

• +20% early bonus = 3,150 × 1.2 = 3,780 points

Airdrop Mechanics

At the end of the campaign, all points are totaled and each user receives a share of the 1% $LUCID airdrop proportional to their point balance.

veLUCID: Long-Term Aligned Incentives

Staking $LUCID gives users veLUCID, unlocking:

• Revenue sharing

• Governance rights to shape platform direction

• Discounts on Lucid platform fees

Lucid’s revenue model ensures that stakers benefit from real protocol usage.

Why $LUCID matters

Lucid’s business model is designed so that more protocol usage → more revenue → more value for $veLUCID stakers.

Lucid Monetization Breakdown

Lucid collects fees from platform usage:

• 5% fee on bonded VEO volume

• 0.3% fee on multi-bridge transfers

• 30% of relay fees from Bridge Portals

Revenue Allocation:

• 90% → Distributed to veLUCID stakers

• 10% → Used for $LUCID buybacks and burns

Coming Soon

• Leaderboard UI: Track your real-time ranking and points

• More Partner Campaigns: Additional VEOs will become eligible

FAQ

Are points transferable or tradable? No, they are non-transferable reputation units that convert once into $LUCID at TGE.

Is KYC necessary to participate?

No, but Lucid reserves the right to exclude wallets flagged by sybil heuristics.

Can I un‑bond and re‑bond to farm more?

It is not possible to unbond.

Will there be more chances to earn points?

Yes. Future seasons will reward further participation in VEO programmes and cross-chain bridging.

Will there be future seasons with new points programs? Yes, Season 1 will focus on module integrations and multi-bridge transfers, and Season 2 will add governance participation and builder bounties.

What chains or assets can be bonded? Season 1 counts assets bonded into the Peaq VEOs module on Peaq chain but will eventually expand into Ethereum.

What happens after claiming $LUCID? Tokens can be kept liquid, LP’d or staked to mint $veLUCID for revenue share, governance rights and fee discounts.

Can voting power be delegated without un-staking? $veLUCID includes native delegation so holders can earn revenue while another address votes on their behalf.

What is the difference between $LUCID and $veLUCID? $LUCID is transferable; locking it mints non-transferable $veLUCID, which controls revenue share, governance and fee perks.