Introducing the nftperp Incentives Program: Elevating Market Liquidity & Trading Rewards
At nftperp, we are deeply grateful for the robust support our community has extended since the launch of v2. In response to this enthusiasm, we are excited to introduce our Incentives Program. Designed to enrich liquidity and foster sustainable trading activity, this initiative aims to leverage over 6000 unique wallet interactions since v2 went live two months ago. Here’s how you can participate and benefit from our liquidity incentives.
Here’s What You Need to Know
This incentives program is open to all users, offering the opportunity to earn substantial $NFTP rewards over the coming 24 months. Rewards will vary each epoch, calculated monthly and based on the total trading volume across all chains and the specific conditions of the current month. Below, we provide a detailed visualization of potential rewards under various scenarios.
Scoring and Rewards
Participants’ rewards are determined by their performance across three key metrics in each epoch:
- Distance to Mark Price: Rewards are calculated based on the proximity of limit orders to the mark price, with a maximum spread of 8%. Orders closer to the mark price receive exponentially greater rewards.
- Uptime: An order’s duration within the eligible range directly influences the rewards accrued.
- Volume: Orders that are filled contribute to trading volume, significantly boosting the reward potential for participants.
It is important to note that incentives will focus exclusively on limit orders on the Decentralized Limit Order Book (DLOB). Users’ scores will be updated hourly and displayed on the airdrop page on nftperp. At the end of each epoch, $VNFTP will be distributed proportionally according to users’ scores, which aggregate to a total of 100 across all users.
Distribution Across Chains
The allocation of rewards will also depend on the trading volume executed on different chains during each epoch. For example, if nftperp on the Blast chain accounts for 3000 ETH of the volume while the Arbitrum chain accounts for 1000 ETH, then 75% of the month’s incentives will be distributed to Blast users, and 25% to Arbitrum users. Each chain will have its leaderboard, allowing users trading on multiple chains to earn distinct scores and rewards for each.
Getting Started
Our incentives docs contain details on all of our incentives and how any user can best earn them. Rewards can get confusing between all the different sources, so be sure to take a look and ask any questions in Discord if anything is unclear.
We also encourage all interested traders to engage in market-making on nftperp to maximize their earning potential. Additional resources, including detailed market-making documentation, are available, and our development team is ready to offer technical support through Discord for those setting up trading bots.
As we evolve into this next level of nftperp, we’re inviting you to degen even harder with us. Whether through participating in our Maker Incentives Program or getting your nut off on Discord, your engagement is what we thrive on.
Start trading and earning on nftperp today.
