The nftperp v2 protocol includes several incentive programs, some of which involve receiving a voucher for our token $NFTP, while others offer chain/partner rewards. These programs aim to encourage early adopters of the platform and support high-yield activities. All protocol incentives are distributed on a monthly epoch schedule, with epochs ending on the 8th of each month.
Incentive Distribution
Incentives are distributed among nftperp deployments on different chains based on trading volume. For instance, if nftperp on Arbitrum has a trading volume of 200 ETH and nftperp on Blast has a trading volume of 300 ETH, the protocol incentives will be divided 40/60 between Blast and Arbitrum.
Launchpad for New Pairs
New pairs on nftperp start with a Launchpad period featuring increased incentives. Details about these incentives are available on our Discord and X accounts.
Maker Incentives
The nftperp maker incentive programs are designed to foster deep, healthy, and productive liquidity in the DLOB. Rewards per epoch are based on the total volume handled by nftperp across all chains, with rewards gradually decreasing as the protocol matures.
Rewards are influenced by the following factors:
- Distance to Mark Price: Orders within ±4% of the mark price (total spread of 8%) qualify for rewards. Closer orders earn exponentially higher rewards.
- Uptime: The longer an order stays within this range, the greater the reward.
- Volume: Executing an order after it has stayed in the range for some time and generated volume significantly increases the reward.
These incentives apply only to limit orders on the DLOB. A leaderboard displaying scores and rewards is available on the airdrop page, updating hourly.
Mafia Nuts stakers and referred users receive a 10% bonus to their rewards. More volatile pairs earn higher rewards, with volatility updated daily.
For optimization as a maker, open a ticket on Discord for assistance from our developers.
Referral Incentives
The referral program tracks the total trading volume of all wallets referred by a user. Epoch rewards total 200K $VNFTP, subject to change. Each participant’s share of the $VNFTP pool is proportional to their position on the leaderboard.
Example: If Charlie’s referred trading volume is 150 ETH and the platform’s total referred trading volume is 1000 ETH, Charlie will receive 150/1000 * 200K = 30,000 $VNFTP.
AMM Incentives
Users providing liquidity to the AMM are eligible for a separate $VNFTP reward pool of 500K per epoch, subject to change. These rewards are distributed among different pairs, with LPs earning VNFTP based on their share of the fees earned.
Example: If the AMM Milady/WETH pair earns a total of 5 ETH in fees during an epoch, and Alice earns 0.5 ETH in fees, Alice will receive 10% of the rewards allocated for that pair.
