> For the complete documentation index, see [llms.txt](https://docs.infrastructure.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.infrastructure.finance/usd.infra-vault/points-bytes-season-1.md). # Points: Bytes Season 1 **TLDR:** * DAWN Bytes is a participation tracking system for USD.infra Vault Season 1 recognizing early, sustained, and productive ecosystem usage. * Bytes accrue based on (1) your balance, (2) what you do with it (activity), and (3) when you participate (epoch timing). Earlier + more productive usage earns more. * Bytes have no cash value and are not transferable. Bytes may be considered for future community programs or allocations, subject to rules, eligibility, and compliance. * Participation is limited to eligible non-U.S. persons and is subject to transfer restrictions and applicable eligibility requirements. ## **Overview** DAWN introduces Bytes, a points system designed to track participation in the USD.infra Vault ecosystem. Eligible non-U.S. participants holding, deploying, or actively using USD.infra or sUSD.infra earn Bytes. Bytes are separate from DAWN Points, which are earned by running the DAWN validator extension. The two programs are tracked independently. ## **What DAWN is optimizing for** Bytes are designed to reward behavior that helps the protocol sustainably grow: * Early participation * Sustained usage * Market depth for healthy trading * Productive integrations (lending, LPing, etc.) ## **The Participation Stack** Participants may receive value through two separate streams: 1. **Vault Performance (12% Target Range)** USD.infra can be deposited into the Vault, where sUSD.infra is minted at exchange rate (starting at $1). sUSD.infra exchange rate reflects Vault performance over time. This yield is generated from contractual revenue from underlying RWAs (AI infrastructure projects). Note: Capacity assumptions and yield targets are subject to deployment capacity, revenue realization, and market conditions. They are targets and should not be taken as guarantees. 2. **Bytes (Points Program)** Bytes is the incentive layer that sits on top of Vault participation. Bytes tracks participation during the season and may be considered for future community programs or allocations, subject to program terms, eligibility, and compliance.
## **How Bytes works (mechanics)** Bytes accrue based on three components: 1. **Balance:** Your eligible USD.infra and/or sUSD.infra balance (including supported deployed positions) measured in USD.infra-equivalent value. 2. **Activity weighting (what you do with your balance):** Different actions can earn different rates/boosts. In general: 1. Passive holding earns Bytes 2. Productive usage earns more Bytes 3. Higher-risk, higher-utility actions (like LPing) can earn higher weighting 3. **Epoch timing (when you participate):** Bytes are season-based. Within a season, there are defined epochs (time periods). Some epochs may have higher weighting to reward early participation or to encourage specific behavior during a defined window. ### **Each balance earns from one activity at a time** Bytes accrue on a balance from one place at a time. When you move USD.infra or sUSD.infra into a position on a supported venue, such as an Orca liquidity pool or an Exponent market, that balance earns Bytes at that venue's rate instead of the Hold rate, not on top of it. Multipliers do not stack on the same funds. To earn across more than one activity, use separate funds in separate positions. Each position earns at the rate for its own activity. *Example:* you hold 1,000 sUSD.infra and add 400 to an Orca pool. The 600 left in your wallet earns at the Hold rate. The 400 in the pool earns at the Orca rate and does not also earn the Hold rate. **A Bytes multiplier is not a return.** A market showing a 3x Bytes multiplier earns Bytes three times as fast as the base rate. It says nothing about that position's financial return, and the rate a venue shows is separate from its Bytes multiplier. ## **Eligible ways to earn Bytes (Season 1)** These are the core participation paths DAWN expects to support: **A) Holding sUSD.infra (long-term alignment)** sUSD.infra may receive higher weighting than USD.infra because it represents vault participation and long-term alignment with the USD.infra Vault.
**B) Lending / collateral use on approved venues** Supplying USD.infra or sUSD.infra as collateral on approved lending protocols earns Bytes at the lending rate instead of the Hold rate. Anything the lending platform itself pays is separate from Bytes.
**C) DEX Liquidity Provision (LP)** Providing liquidity for USD.infra and/or sUSD.infra on approved AMMs helps support market depth and healthier markets. LP positions may receive higher weighting than passive holding due to additional risk (impermanent loss, smart contract risk) and higher utility to the ecosystem. Concentrated liquidity positions may earn higher weighting than full-range pool positions because they provide deeper liquidity closer to the target price (near $1). **Orca positions: keep your range close to the app's range** Orca concentrated liquidity positions earn Bytes only when their price range is within 8 ticks of the range displayed in the Orca app. Positions set wider than that do not earn Bytes. The simplest way to make sure a position qualifies is to open it from the USD.infra Vault app using the range it shows. If you set a custom range directly in Orca, keep both ends of your range within 8 ticks of the default range.
**D) Rate Markets – PT / YT / LPT** Deploying sUSD.infra into approved rate market venues earns Bytes. This includes Yield Tokens (YT) and PT Pool LP positions (LPT). These strategies support protocol liquidity and rate markets, and are weighted above passive holding.
Note: Principal Trading (PT) positions earn a 0x multiplier and do not accrue Bytes. An Exponent market can hold several kinds of positions. The Bytes multiplier shown for a market applies only to the positions that earn Bytes, so PT bought in a market showing a multiplier still earns 0x. ## **Multipliers** Bytes distribution is determined by weightings/multipliers applied to supported actions (hold, lend, LP) and the specific eligible pools where those actions occur. Any active epoch multipliers are also applied during defined periods. ## **Season structure and distribution checkpoints** * Bytes accrue only during defined reward periods (seasons). * DAWN may run multiple seasons to sustain engagement and improve transparency. * DAWN may communicate periodic checkpoints or season-end treatment as the program evolves. * Any claim, vesting, redemption, or conversion mechanics (if any) will be communicated separately in official program terms and may be subject to legal/compliance constraints. Important design note: DAWN prioritizes clarity on mechanics and conservative language on outcomes. Bytes track participation. Any future treatment remains at DAWN’s discretion and subject to program terms. ## **How to track your Bytes** Your Bytes are trackable inside the DAWN app with the displayed balance updating hourly. ## **Disclaimers and eligibility** Bytes are a non-transferable mechanism used to recognize participation and contributions: * No monetary value * Not transferable * Not redeemable for cash * Not tradable or sellable * Bytes are provided as a limited license and are not property and are not owned by users * Nothing in this program is an offer or promise of tokens, value, or returns * May be modified or discontinued at any time * Users should not participate with an expectation of profit * Bytes do not represent ownership in DAWN, any SPV, or any claim on future token distributions Bytes may be considered to determine eligibility for future community programs or benefits, subject to rules and compliance constraints. Eligibility does not guarantee receipt of any benefit. ## **Anti-abuse and exclusions** DAWN reserves the right to disqualify accounts for abuse, multi-accounting, wash activity, fraudulent activity, or rule-breaking behavior intended to game the system. The official rules for Bytes Points are defined only on this page and any linked DAWN-controlled documentation. Screenshots or third-party posts are not authoritative. ## **Protocol note on “yield figures” and outcomes** Any illustrative yield or token-related examples are not guarantees. Actual outcomes (if any) would depend on total participation, program terms, market conditions, protocol performance, and any future compliance constraints.
Participation is limited to eligible non-U.S. persons. Reg S restrictions and transfer restrictions apply.