# 🎄 DAOLama New Year Drop — Event Rules

## 🎄 DAOLama New Year Drop — Event Rules

### 📅 Event Period

**December 15 – December 31**

### 🎁 Reward Pool

**200,000 $LLAMA**

***

### 🎯 Eligible Actions

Only actions that create direct value for the protocol are counted:

1. **New NFT-backed Loan**\
   An NFT is considered *new* if it **has not been used as collateral in the previous 14 days** before loan creation.
2. **Loan Extension**\
   Extensions are counted only if they follow protocol rules (minimum extension period applies).
3. **Telegram Stars Purchase**\
   Only purchases made through DAOLama are eligible.

***

### ⭐ Points Calculation

All points are calculated in **TON-equivalent value**.

#### 1️⃣ New NFT-backed Loan

* **1 point = 1 TON** of loan amount issued

Example:\
Loan of 500 TON → **500 points**

***

#### 2️⃣ Loan Extension

* **1 point = 1 TON** of loan principal **plus paid interest**

Example:\
Loan amount: 800 TON\
Extension interest paid: 10 TON\
Points awarded: **810 points**

***

#### 3️⃣ Telegram Stars Purchase

* **1 point = 1 TON** of purchase volume

Example:\
Stars purchase of 50 TON → **50 points**

***

### 🏆 Leaderboard

* Minimum threshold to enter the leaderboard: **5 points (5 TON)**
* All points accumulated during the event period are counted

***

### 🎖 Reward Distribution

#### 🥇 Fixed Rewards (Top 5)

| Rank | Reward ($LLAMA) |
| ---- | --------------- |
| #1   | 48,000          |
| #2   | 28,800          |
| #3   | 19,200          |
| #4   | 14,400          |
| #5   | 9,600           |

**Total Top-5 Allocation:** 120,000 $LLAMA

***

#### 🎁 Distribution for Other Participants

The remaining **80,000 $LLAMA** are distributed **proportionally by points** among all users ranked **6th and below**.

**Formula:**

```
Reward(u) = Score(u) / ΣScore(rest) × 80,000
```

Where:

* `Score(u)` — user points
* `ΣScore(rest)` — total points of users ranked 6th and below

***

### ❗ Additional Conditions

* Uncollateralized loans are **not counted**
* Any form of abuse or manipulation may result in **points cancellation or disqualification**
* All calculations are based on DAOLama on-chain and protocol data

***

🎄 This event is dedicated to the New Year. Final rewards depend solely on user activity and leaderboard position.


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