Ferra @ferra_protocol's Da Mao is in the V2 points system. This thing was fully upgraded just this month, and the logic isn't actually complicated: earn points by providing LP, trading volume, completing tasks, or inviting others. All four methods can accumulate points. The core formula looks like this—LP points equal TVL multiplied by 0.5, then multiplied by the number of days held, and then multiplied by asset weight.

Sounds like regular mining? The details hide the devil: LP positions outside the range still count for points, no need to lock positions, and points are updated in real-time. This means you can flexibly adjust your positions without worrying about wasting effort, much more user-friendly than protocols that lock you in for three months at a time.

Moreover, there is room for bonus in the asset weight component; different tokens and pools have different multipliers, allowing savvy users to leverage higher returns. The points accumulated from the Jacuzzi event earlier haven't been reset, which is a bit of face-saving for veteran users.

Now, the points war on Sui is getting more intense. Ferra's design at least is quite humane in not forcing you to go all-in. Next, it remains to be seen whether its social features—guilds, badges, Yappers—can truly keep users engaged—after all, no matter how good the points are, if no one plays, it's just an idle cycle.