Varla Gems
- Earning period — 30 weeks (epochs)
- Conversion — 1 Gem = 1 $VRLA
- Patience rewards — claimable % scales 0→100% over 150 days
- Sybil-resistant — time-weighted balances + interest-based metrics
How Gems Are Earned
Lending Gems (40% of pool)
Earn Gems by supplying liquidity to VarlaPool.
Daily Gems = (time_weighted_deposit / $1,000) × base_rate × duration_multiplier | Hold Duration | Multiplier |
|---|---|
| < 7 days | 0.5× |
| 7–30 days | 1.0× |
| 30–90 days | 1.25× |
| > 90 days | 1.5× |
Balance snapshots taken at random times within each 24h period. Must maintain position for ≥24h to earn for that period. Withdrawals reset your duration multiplier to 1.0×.
Borrowing Gems (30% of pool)
Earn Gems by borrowing against collateral.
Daily Gems = (time_weighted_debt / $1,000) × base_rate + (interest_paid × 10) The protocol enforces a 1-minute minimum borrow duration, but real anti-gaming comes from the interest paid bonus. Paying $1 in actual interest is much harder to fake than borrowing $1,000 for 1 minute.
Daily snapshots of outstanding debt. Interest paid earns 10× bonus multiplier. Full repayment doesn't lose accumulated Gems.
Collateral Gems (20% of pool)
Earn Gems by depositing prediction market positions as collateral.
Daily Gems = (time_weighted_collateral_value / $1,000) × base_rate × tier_multiplier | Collateral Risk Tier | LTV | Multiplier |
|---|---|---|
| Conservative | 80% | 1.0× |
| Moderate | 65% | 1.25× |
| Risk | 50% | 1.5× |
Higher-risk collateral = more commitment = more Gems. Depositing positions in the Risk tier means you're accepting lower borrowing power, demonstrating stronger conviction.
Referral Gems (10% of pool)
Referral Gems = referee_earned_gems × 0.10 (10%) One level only (no MLM chains). Referee must earn minimum 100 Gems before referrer gets credit. Max 50 credited referrals per wallet.
Epoch System
Each week (epoch) distributes a fixed pool of 10 million Gems. Your share depends on your activity relative to all participants in that epoch.
| Parameter | Value |
|---|---|
| Total Gems | 300,000,000 |
| Epochs | 30 weeks |
| Gems per epoch | 10,000,000 |
your_gems = (your_weighted_activity / total_weighted_activity) × 10,000,000 Week 1 distributes the same total Gems as Week 30. The difference is competition — if fewer users participate early, each active user earns a larger share of that epoch's pool.
Anti-Gaming Design
The Gems system is designed to resist common exploit vectors:
| Attack | Vector | Defense |
|---|---|---|
| Wash Trading | Deposit/withdraw loops to inflate "volume" | Time-weighted balances only count sustained positions |
| Borrow/Repay Loops | Borrow → repay → repeat to farm points | Interest paid (real cost) is the primary borrower metric |
| Sybil Attacks | Split activity across many wallets | Per-wallet caps and diminishing returns at scale |
| Last-Minute Farming | Rush in right before snapshot | Random snapshot times + duration multipliers |
| Flash Loan Attacks | Inflate position for a single block | 24h minimum hold periods + protocol's 1-minute borrow duration |
Claiming VRLA
Gems accumulation ends
Claim window opens
Choose when to claim
Unclaimed tokens
Patience Vesting
Instead of traditional vesting, Varla uses patience vesting: your claimable percentage scales linearly with time.
| Claim Day | Claimable % | 1,000 Gems = |
|---|---|---|
| Day 1 | 0.67% | 6.67 $VRLA |
| Day 15 | 10% | 100 $VRLA |
| Day 30 | 20% | 200 $VRLA |
| Day 75 | 50% | 500 $VRLA |
| Day 100 | 66.7% | 667 $VRLA |
| Day 150 | 100% | 1,000 $VRLA |
claimable_percent = (days_since_claim_window_opened / 150) × 100%
claimable_tokens = gems_earned × claimable_percent Why patience vesting?
| Benefit | How |
|---|---|
| Rewards conviction | Long-term holders get full allocation |
| Reduces sell pressure | Early sellers take a penalty, not a bonus |
| Funds protocol development | Unclaimed tokens strengthen the Treasury |
| Simple and fair | No complex vesting schedules or unlock cliffs |
Timeline Summary
| Phase | Duration | What Happens |
|---|---|---|
| Earning | 30 weeks | Earn Gems through protocol activity |
| Snapshot | End of Week 30 | Final Gem balances recorded |
| Claim Window | 150 days | Claim VRLA with patience vesting |
| Window Closes | Day 150 | Unclaimed tokens go to Treasury |