# Whitelist Echelon on VIP
**URL:** https://forum.initia.xyz/t/whitelist-echelon-on-vip/62
**Category:** VIP
**Created:** [April 24, 2025, 7:35am UTC](https://forum.initia.xyz/t/whitelist-echelon-on-vip/62 "2025-04-24T07:35:16Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@joelim](https://forum.initia.xyz/u/joelim)
#### Post date: [April 24, 2025, 7:35am UTC](https://forum.initia.xyz/t/whitelist-echelon-on-vip/62/1 "2025-04-24T07:35:16Z")
## 0. Proposer Info
- **Email** : `team@echelon.market`
- **Proposer’s Project Name** : `Echelon`
- **Proposer’s Project URL** : `echelon.market`
- **Proposer’s X (Twitter) Account** : `x.com/echelonmarket`
* * *
## 1. TL;DR
This proposal requests the whitelisting of `Echelon Chain` to Initia’s VIP (Vested Interest Program).
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## 2. Background
### 2-1 About the Project
- **Protocol Name** : `Echelon`
- **Protocol Blurb:** `Composable, Efficient & Secure Move Money Market`
- **Protocol Type** : `Lending`
- **Docs** : `docs.echelon.market`
- **Audits** : `docs.echelon.market/echelon/operations/audits`
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## 3. Rationale & Impact
- **Motivation and benefit to the Interwoven Economy** :
- Describe in detail how your rollup adds value to the Interwoven Economy and how being whitelisted to VIP will help you grow
Echelon is a Move centric, cross-chain lending market with over $300m in TVL on existing deployments – enabling access to capital-efficient borrows and a diverse array of yield strategies. As a Minitia, Echelon will utilize Initia VIP to help scale the native ecosystem, with VIP emissions incentivizing native products, including but not limited to INIT LSTs, governance tokens, yield bearing receipt tokens, and more.
- **VIP Scoring Criteria (Details)**
- Outline how you’re planning to allocate VIP scoring to users. This should include any and all details about
- Any actions that will earn users scores on VIP
- How the specific scores are calculated including any thresholds, calculations, and methodologies as appropriate.
\*\*Please write down specific formulas. Proposals that do not contain specific formulas will be removed.\*\*Echelon will allocate VIP rewards directly to users in proportion to their activity in featured markets. Through Echelon’s internal farming accounting, we track user proportional share of a given action per second using the masterchef farming algorithm, ensuring all users are tracked exactly for their participation and contribution to Echelon’s Markets.Regarding incentivized actions, 50% of all VIP rewards will go to USDC suppliers, 25% to INIT suppliers, and 25% to USDC borrowers. Over the epoch, any user participating in any of the actions will be rewarded with points for every second they are engaged. Then, at the end of the epoch a user’s share of the total VIP emissions will simply be total VIP rewards for Echelon \* (USDC supply share % (50%) \* user share of USDC supply points + INIT supply share % (25%) \* user share of INIT supply points + USDC borrow share % (25%) \* user share of USDC borrow points)
## 4. Proposal Details
| **Field** | **Value** | **Description** |
| --- | --- | --- |
| **Operator Address** | `0x68b8295438b3d50f81679db88260a596b8ab1f4be1caa94af87c6b853baf7b20` | The address eligible to claim a portion of the VIP rewards allocated to the rollup team as commission. This address does not need to be a system key (like admin or bridge executor). |
| **Bridge ID** | `16` | An identifier automatically generated during the setup of the bridge between the Rollup and Initia. |
| **Bridge Address** | `init1y3avrs2r9q3ggj5xs2q5zg4mmpqvr2necwl6s6fhfergtyp93ueq5270ht` | The L1 address where tokens are locked when bridging from L1 to L2. This address is auto-generated during bridge setup. |
| **Scoring Contract Address** | `init1v6xugw9aw8ekt50f4cu6eyhnt4wvmcpa6cahdw` | The contract deployed on the rollup that assigns VIP scores to users. These scores are snapshotted on L1 and used to build a Merkle tree for VIP reward distribution. |
| **Operator Commission Max Rate** | `0.2` | The maximum commission rate the rollup can configure. |
| **Operator Commission Max Change** | `0.2` | The maximum allowed change in the commission rate per update. For example, if OCR is 0.3 and OCMC is 0.2, OCR can only be adjusted between 0.1 and 0.5. |
| **Operator Commission Rate** | `0.2` | The actual commission rate. If 100 INIT is distributed and OCR is 0.2, the rollup team receives 20 INIT. |
| **VM** | MoveVM | The VM type of the rollup is using. |
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## Governance Votes
- **YES** – You support whitelisting this rollup on VIP with the parameters provided.
- **NO** – You do not support adding this rollup on VIP.
- **NO WITH VETO** – You believe this proposal is harmful, spam, or violates governance principles.
- **ABSTAIN** – You choose not to vote for or against but wish your vote to count toward quorum.
---
### Author:  [@Echelon\_G](https://forum.initia.xyz/u/Echelon_G)
#### Post date: [June 3, 2025, 3:08am UTC](https://forum.initia.xyz/t/whitelist-echelon-on-vip/62/2 "2025-06-03T03:08:50Z")
**Proposed Update to VIP Scoring**
**Motivation**
This change aims to bootstrap adoption of **milkINIT** as a collateral asset by allocating a portion of VIP rewards to its suppliers. By doing so, we encourage users to utilize milkINIT in capital-efficient strategies (i.e. looping) to amplify yield, enhance protocol stickiness, and diversify collateral usage.
**Current Criteria**
Regarding incentivized actions, 50% of all VIP rewards will go to USDC suppliers, 25% to INIT suppliers, and 25% to USDC borrowers. Over the epoch, any user participating in any of the actions will be rewarded with points for every second they are engaged. Then, at the end of the epoch a user’s share of the total VIP emissions will simply be total VIP rewards for Echelon \* (USDC supply share % (50%) \* user share of USDC supply points + INIT supply share % (25%) \* user share of INIT supply points + USDC borrow share % (25%) \* user share of USDC borrow points)
**Proposed Change**
Regarding incentivized actions, 50% of all VIP rewards will go to USDC suppliers, 24% to INIT suppliers, 1% to milkINIT suppliers, and 25% to USDC borrowers. Over the epoch, any user participating in any of the actions will be rewarded with points for every second they are engaged. Then, at the end of the epoch a user’s share of the total VIP emissions will simply be total VIP rewards for Echelon \* (USDC supply share % (50%) \* user share of USDC supply points + INIT supply share % (24%) \* user share of INIT supply points + milkINIT supply share % (1%) \* user share of milkINIT supply points + USDC borrow share % (25%) \* user share of USDC borrow points)
**Target Implementation**
Beginning of Stage 4
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### Author:  [@zon](https://forum.initia.xyz/u/zon)
#### Post date: [June 3, 2025, 3:15am UTC](https://forum.initia.xyz/t/whitelist-echelon-on-vip/62/3 "2025-06-03T03:15:58Z")
Echelon’s VIP Update has been reviewed and approved by The VIP Committee.
---
### Author:  [@Echelon\_G](https://forum.initia.xyz/u/Echelon_G)
#### Post date: [June 17, 2025, 8:57pm UTC](https://forum.initia.xyz/t/whitelist-echelon-on-vip/62/4 "2025-06-17T20:57:40Z")
**Proposed Update to VIP Scoring**
**Motivation**
To support the integration of additional LSTs and better align VIP incentives with broader ecosystem activity.
**Current Criteria**
50% of all VIP rewards will go to USDC suppliers, 24% to INIT suppliers, 1% to milkINIT suppliers, and 25% to USDC borrowers.
**Proposed Change**
30% to USDC suppliers, 15% to USDC borrowers, 32.5% to INIT suppliers, 20% to INIT borrowers, 1.25% to milkINIT suppliers, 1% to sxINIT suppliers, and 0.25% to deINIT suppliers
**Target Implementation**
Beginning of next stage
See below:
> [@Epoch 5 Echelon VIP Update](https://forum.initia.xyz/t/epoch-5-echelon-vip-update/296):
>
> Proposed Update to VIP Scoring Motivation To support the integration of additional LSTs and better align VIP incentives with broader ecosystem activity. Current Criteria 50% of all VIP rewards will go to USDC suppliers, 24% to INIT suppliers, 1% to milkINIT suppliers, and 25% to USDC borrowers. Proposed Change 30% to USDC suppliers, 15% to USDC borrowers, 32.5% to INIT suppliers, 20% to INIT borrowers, 1.25% to milkINIT suppliers, 1% to sxINIT suppliers, and 0.25% to deINIT suppliers Targ…