✨ Points Program

The Vault Points Program is here to kickstart our stake pool while rewarding participation in the Solana ecosystem. vPoints are not just numbers on a website: they’re a revolutionary, fully on-chain rewards system tied to real utility and governance.

Earning points

Points can be earned by participating in select DeFi integrations, with more earning methods to come. Each season's points become $V options that you can exercise to mint $V, The Vault's combined governance and utility token. To claim your points, see How to collect vPoints.

On-chain points: a game-changer

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

Ways to earn points

You can earn points in two ways (Figure 4.11):

Option 1: Standard staking mechanisms.
Option 2: Providing liquidity.

Providing liquidity

Keep in mind that liquidity provision may expose you to impermanent loss. However, since vSOL is always redeemable for the underlying SOL, the vSOL:SOL exchange rate remains stable and consistently increases with staking rewards.

Only the vSOL portion of your deposit earns Liquid Staking Token (LST) staking rewards.

vPoints are fully on-chain SPL tokens earned through either standard staking mechanisms or providing liquidity, while only the vSOL portion of a liquidity deposit earns LST staking rewards.

Figure 4.11: Two ways to earn vPoints

Points to governance tokens

The Vault’s Token Generation Event (TGE) took place on July 23, 2025.

To prepare for this milestone, vPoint emissions ended on July 18, 2025. This marked the close of the initial vPoint earning phase.

At the time of the TGE (Token Generation Event), vPoints were converted into $V tokens with a 1-year lock period. As the protocol evolves, the locked tokens will gain utility, allowing vPoint holders to participate in new features and opportunities over time (Figure 4.12).

Timeline showing vPoint emissions ending July 18, The Vault's TGE on July 23, 2025, vPoints converting into $V at the TGE, and a 1-year lock period for the converted $V tokens.

Figure 4.12: From vPoints to $V

Points seasons let users farm $V Options, unlocking new opportunities within the ecosystem. For the latest season, see Points Program Season 5. Learn more about options seasons in Introduction to $V Options.

Join the program

The Vault Points Program isn’t just about rewards and building a stronger, more transparent network. Start earning today and be part of shaping the future of Solana’s ecosystem!