HELIX in one picture

Referrals: bind first

Newcomers bind a referrer in the official dApp, once and for good; the official dApp does not evaluate an address that is not bound.

Binding straight to the protocol root works too. Your depth in the referral tree and your P level are two different things.

Team deposits

Your members' DAI deposits for power are your team's performance; this site counts each day's new performance as the DAI they deposited that day, your own not included.

The official cap on dynamic rewards follows the whole network's new effective performance; exactly how it is counted is not published yet.

Three zones (the big and small legs)

Split by direct referral lines, the three largest lines are the three zones; all three must meet the threshold for a level, and the fourth line on does not count.

Each zone counts the power still active in its line, as the DAI put in, and shrinks with every payout. The official dApp has no big or small legs and has not published how zones are defined; this is this site's reading, checked against the official evaluation.

AiLGNS comes from the Turbine

Power payouts and claimed dynamic rewards both land in the Turbine first; they reach your wallet once you activate them by buying the same amount from the pool with DAI.

Activation costs a 2.5% fee on top, 1% of which goes to voting incentives.

Lock for ve

Lock AiLGNS for ve (an epoch is 7 days): ve = amount × epochs left ÷ the longest lock, so the more epochs left, the more ve.

The locked AiLGNS is released epoch by epoch over the lock and is all back at the end; ve shrinks with the epochs left.

Burn for permanent ve

Or burn AiLGNS for good: 1 AiLGNS for 1 permanent ve, counted in full for the level; burned AiLGNS never comes back.

The official docs keep permanent ve in full for the first 208 epochs, then take 1% off each epoch, down to 35%. Burning AiLGNS also buys power or mints a production NFT: three uses, three different results.

ve holding value

ve holding value = AiLGNS counted × that day's settlement price, and the official dApp grades levels on it daily; each ve is also one vote.

This is this site's reading, checked against the official evaluation. The evaluation runs after each daily settlement; a lock made after it counts from the next one.

P level: both must be met

Evaluated daily after settlement: ve holding value and all three zones must meet a level's thresholds; P6 and P7 also need a P5 and a P6 in the team.

The thresholds are in the table below, read from the official dApp daily. There is a minimum of direct referrals too, which is not published.

Production NFT: room to claim rewards

Burn LGNS or AiLGNS to mint a production NFT with capacity at a multiple of the burn's value; claiming dynamic rewards uses it up by value.

Capacity only caps what you can claim and is not income; short of it, you claim the part it covers and the rest waits in the vault until it does. Power payouts never use it. Burns are final, and the NFT cannot be transferred for now.

Dynamic rewards

Half of the community emission is dynamic rewards, in growth, network and consensus parts; the official team works out each address's share off-chain, it is claimable after a 24-hour review, and claims land in the Turbine.

Official docs: each day's cap on the three parts is the previous day's network-wide new effective performance × 0.7%, split 30%, 40% and 30%; a cap, not anyone's share, and how individuals are paid is not published yet.

Weekly vote

With ve you vote for pools every week, one vote per ve; the snapshot is Sunday 20:00 (UTC+8), and this week's votes set next week's pool weights.

The DAO emission starts in epoch 11 and flows to the pools as voted. Each vote replaces your whole allocation for the week.

Voting incentives

Voting incentives come from 1% of the Turbine fee and 1% of the sell fee, shared by your share of the votes on a pool.

When a pool gets no valid votes in an epoch, the protocol's incentives stay in reserve.