cHIPs Pre-Season Rewards

How to earn cHIPs (Nunchi points) through nLP vaults, retroactive rewards for testnet users, and upcoming earning opportunities.

Summary

• Nunchi points are called cHIPs

• Earn cHIPs by depositing into nLP vaults

• First vault is live: Hyperbeat nLP on HyperEVM

• Multipliers can be earned on Pendle nLP LP & YT tokens

• Testnet and simulator users already earned retroactive cHIPs

What are cHIPs?

cHIPs are Nunchi's non-transferable points that recognize real contribution to the protocol.

How to Earn Today

Deposit into nLP vaults

Currently live: Hyperbeat nLP vault on HyperEVM

The Nunchi LP vaults (nLP) pre-fund liquidity. Before mainnet, deposits earn yield in conservative venues. At launch, assets are used as liquidity in Nunchi's nCLOB/HIP-3 markets. cHIPs stream continuously while you're deposited.

The HyperEVM vault currently earns APY from Hyperbeat managed vaults.

Points calculation: 1000 points per $1,000 TVL per day base earning. There was a 5x multiplier on this base, up to a $10m cap, for the first week. This multiplier is now 4.5x. The TVL day is a full 24H day from the time of deposit.

Pendle tokens

Base rates:

• 1$ USDC/T in nLP = 1 Epoch Share / day

Multipliers:

• YT Multiplier = 25x

• PT/USDT LP Multiplier = 15x

Retroactive Rewards

Simulator and Testnet 1

If you used the testnet and simulator, you've already banked a retro balance that counts as cHIPs at mainnet. These totals will appear in your Points (cHIPs) dashboard. If you continue to use Testnet 1, you will be eligible for future retroactive drops.

Early Exit Policy

nLP favors committed liquidity. Early withdrawal from the vault results in a proportional reduction of cHIPs. Withdraw early and your cHIPs scale back accordingly. Commitment is rewarded. Ex. If you withdraw 50% at any given time during the campaign before the mainnet of HIP-3, you will lose 50% of your earned cHIPs.