What Are OneSwap Diamonds?
If you've started using OneSwap in beta, you've probably come across the word Diamonds. Or seen it at the right top corner of the website
.
What are they?
Diamonds are activity points. They are a way for OneSwap to recognize people who use the protocol early and actively. They are not a token, they are not tradable, and they do not have a fixed cash value. Think of them as a transparent record of your participation.
How Diamonds are earned
The earning rule is intentionally simple:
1 Diamond per $1 USCDX of completed swap volume.
To keep things fair across different trading pairs, swap activity is normalized into a USDCx-equivalent value. That just means usage in one pool can be measured consistently against usage in another, so no pool is unfairly advantaged.
What counts and what doesn't
Diamonds in this first version are earned from successfully completed swaps only. The following do not earn Diamonds in v1:
Failed or refunded swaps
Internal transfers
Traffic-fee flows
Adding liquidity (LP deposits)
Withdrawing liquidity (LP withdrawals)
Keeping v1 focused on completed swaps makes the activity record clean and easy to verify.
Why Diamonds might matter
This is the part to read carefully, because the honest answer is "it depends."
Diamonds are designed to feed into the OneSwap rewards program. Here is what that means in practical terms:
A future snapshot may capture Diamond balances. At some point, the program may take a record of Diamond balances. What makes a balance eligible will be defined in the published program terms
Earning doesn't stop at a snapshot. Activity after any snapshot can continue earning Diamonds toward future program periods.
Notice the conditional language throughout "may," "any future," "if and when." That's deliberate. Nothing here is a guarantee. Final details and claim steps will be published before any claim opens.
What carries forward
For users who participate now, these things are designed to persist:
Diamond balances and leaderboard history your activity record stays with you.
Transparent activity records that can be reviewed for rewards purposes.
Wallet profiles. When a wallet already has an active reward profile, those terms stay associated with that wallet for the duration of the program.
In other words, participating early is meant to be recognized, not reset.
The important part please read
To be completely clear:
Diamonds are reward points, not a transferable token. You cannot trade or sell them.
Diamonds do not have a guaranteed value. They are not an investment and should not be treated as one.
Diamonds are not transferrable between wallets.
We're sharing this now so the community understands the system as it stands today. Details can evolve, and the official program terms will be published.
In summary
Diamonds are a simple, transparent way to recognize people who show up early for OneSwap. They reflect real, completed usage. They may play a role in future but that role is defined by program terms that will be published in full when the time comes.
Early beta testers get a 2x multiplier on their diamonds until the end of May 2026.
If you're swapping on OneSwap today, you're already building a record. What that record translates into later will be communicated clearly, in writing, before anything is claimable.
Diamonds are points in the OneSwap rewards program, not transferable tokens. This post is for informational purposes only and is not financial advice or an offer of any token.