# 🌟 Points Program Season 4 (/vault-points/points-program-season-4)













This page records Season 4 of The Vault's [Points Program](/vault-points/points-program), including its announced emissions and exercise schedule.

<img alt="Banner: A cream archive shelf holds a completed orange seasonal journal, plain point beads and a small vault model, marking a previous points-program season." src="__img0" />

<Callout type="info" title="Historical Season">
  This season's exercise window has ended. The figures below describe that season, not current rewards. Check the [exercise page](https://thevault.finance/exercise-tokens) for availability and terms, and [Earn Points](https://thevault.finance/earn-points) for current earning opportunities.
</Callout>

## On-Chain Points: A Game-Changer [#on-chain-points-a-game-changer]

Unlike traditional points systems, vPoints are SPL tokens, fully integrated on-chain for transparency and usability.

S4 Points Token CA: `vpts3YVchXD2i6ivVEZLQ9Y1kzifTNpFoja7zfKr4eG`

<Callout type="info">
  The contract address for S3 points is the same for S4.
</Callout>

## Earning Points [#earning-points]

During this season, points could be earned through the community, supported DeFi integrations and veV holdings ([locked $V](/vault-points/locking-v)).

The announced emissions for this season were allocated as follows:

| Integration                             | Weekly emissions |
| --------------------------------------- | ---------------- |
| Meteora-vSOL                            | 17,200           |
| VLP                                     | 12,500           |
| VLP liquidity                           | 33,600           |
| Kamino-vSOL                             | 8,600            |
| Orca                                    | 17,200           |
| Gamma                                   | 875              |
| Weekly veV airdrops                     | 50,000           |
| Community emissions                     | 875              |
| [Gauge](/community-pool/gauges) usage   | 50,000           |
| [Direct staking](/stake/direct-staking) | 50,000           |
| New projects                            | 9,150            |

The [Earn Points page](https://thevault.finance/earn-points) shows any claimable veV airdrops. The historical allocation below does not set the size of current airdrops.

## Pools [#pools]

You can find links to our Orca pools below:

* V-vSOL Orca: [https://www.orca.so/pools/9NyGX7tKeTsN3HAcH8rjSoGUREfPY6Q5yxUA5N5qEmkh](https://www.orca.so/pools/9NyGX7tKeTsN3HAcH8rjSoGUREfPY6Q5yxUA5N5qEmkh)
* VLP-vSOL: [https://www.orca.so/pools/9SxGiBP9TgbdUPzpTwFeC4m8aY5W4yStVBUYgMM4ZmHJ](https://www.orca.so/pools/9SxGiBP9TgbdUPzpTwFeC4m8aY5W4yStVBUYgMM4ZmHJ)

## Schedule [#schedule]

The calendars show the Season 4 options schedule for February (Figure 4.18), March (Figure 4.19), April (Figure 4.20) and May 2026 (Figure 4.21).

<img alt="Options calendar for February 2026" src="__img1" />

Figure 4.18: Options calendar for February 2026

<img alt="Options calendar for March 2026" src="__img2" />

Figure 4.19: Options calendar for March 2026

<img alt="Options calendar for April 2026" src="__img3" />

Figure 4.20: Options calendar for April 2026

<img alt="Options calendar for May 2026" src="__img4" />

Figure 4.21: Options calendar for May 2026

## Season Details [#season-details]

The announced Season 4 exercise window ran from May 12 to May 26, 2026.

* Estimated vPTS4 emissions: 3,000,000
* Strike: 0.000720 vSOL
* Total $V available: 3,000,000 + remaining points from last season
* Exercise cost per $V: 0.000720 vSOL, plus applicable transaction fees. The spot price minus the strike price is the potential discount, not the exercise cost.

To learn more about options, see [Introduction to $V Options](/options/introduction-to-options).