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Synthetix Perps Rewards: Optimism Trading & Lido Incentives Extension

2 years ago
in DeFi
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UPDATE: As of September twenty sixth, stETH/ETH has been added to the Lido Optimism Buying and selling Program. The primary distribution for this addition will happen on October third/4th.

Mark your calendars! Synthetix is rebooting its perps buying and selling incentives on Wed Sep thirteenth at 0:00 UTC for each the Optimism Perps Rewards Program and the Lido stETH Perps Rewards packages. Right here’s a quick evaluate of what you should know:

Synthetix Perps Optimism Buying and selling Incentives – Extension:

Extension Information: Further 5 weeks of OP rewards for buying and selling Synthetix Perps – 100k OP per week for 5 weeks.Reward Caps: Rewards can't exceed charges generated. Ex: $50k in buying and selling charges generated rewards a most of $50k in OP rewards.Buying and selling Epoch: First epoch begins Sep thirteenth at 0:00 UTC; first payment snapshot and subsequent distribution will probably be on Sep 20/twenty first.Reward Construction: Based mostly on commerce charges paid and an non-obligatory staked SNX (Synthetix) multiplier. Merchants obtain a pro-rata distribution based mostly on complete commerce charges paid. Instance Reward Construction: If OP/USD is $1 and there are $200k charges in every week, every dealer will obtain 0.5 OP per $1 of charges paid. That is topic to alter based mostly on complete buying and selling charges. 1) $ of charges paid < 100k OP $ worth –> 100% payment rebate  2) $ of charges paid > 100k OP $ worth –> 100k OP distributed pro-rata based mostly on charges paidSnapshot: A snapshot is taken every Wednesday at 0:00 UTC, rewards are distributed throughout the following day or two.Distribution Particulars: Go to taking part integrators to obtain your pro-rata share of weekly rewards based mostly in your commerce rating. Be taught extra: Synthetix Perps Optimism Buying and selling Incentives – September Extension Replace

Lido stETH Synthetix Perps Buying and selling Incentives:

Extension Information: Further 5 weeks of OP rewards– 1500 OP per weekReward Caps: Rewards can't exceed charges generated. Ex: $1k in buying and selling charges generated, rewards a MAXIMUM of $1k in OP rewards.Buying and selling Epoch: First epoch begins Sep thirteenth at 0:00 UTC, first payment snapshot and subsequent distribution will probably be on Sep 20/twenty first.Weekly Rewards: 1,500 OP for merchants within the stETH perps markets Reward Distribution: Professional-rata based mostly on the dealer rating for the stETH market, go to taking part integrators to say.Instance Reward Construction: If OP/USD is $1 and there's $1k of stETH charges in every week, every dealer will obtain 1 OP per $1 of charges paid. That is topic to alter based mostly on stETH buying and selling charges. 1) $ of charges paid < 100k OP $ worth –> 100% payment rebate  2) $ of charges paid > 100k OP $ worth –> 100k OP distributed pro-rata based mostly on charges paidLearn extra: Lido stETH Synthetix Perps Buying and selling Incentives – September Extension Replace

Necessary Notice: Solely OffChainDelayedOrders processed on taking part integrators are eligible for OP rewards. Please verify your frontend integrator's participation earlier than buying and selling.

Any questions?

Have any questions? Head over to the Synthetix Discord to be taught extra.



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Tags: ampExtensionIncentivesLidoOptimismPerpsRewardsSynthetixTrading
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