From Wednesday 26th October until Friday 28th October 2 pm UTC, we will be running a trading and rewards game (Dodgems Revival III). The game will be based on PNL, however, we will also fund reward pools to incentivise active trading.
Everyone receives the same amount (500) of mUSDT to use on the LINK/mUSDT market, on Thursday reward pools will be filled, the amount will be announced on Discord in the #fairgound-discussion channel. The reward pool will be rewards for Maker Fees Paid or Maker Fees Received which will be paid out at the end of each epoch (30 min).
We setup separate assets for rewards in order to make it clearer in terms of what is your portion of the rewards.
Aim for the top spots of the leaderboard below in order to receive the highest reward according to the distribution table below. Trade using either our console, or API.
PNL will be calculated as ((mUSDT - deposits)+MAKer+TAKer)
$mUSDT: The asset you will use for trading on LINK/mUSDT
$MAKer-I: Obtained based on the sum of maker fees received on the LINK/mUSDT market.
$TAKer: Obtained based on the sum of maker fees paid on the LINK/mUSDT market.
By competing in a lifelike market for a share of the VEGA incentives, you’ll learn about Vega and find out first-hand what it’s like to trade on Vega markets.
In addition to the trading game incentive, we would highly appreciate any bugs or suggestions of improvements to the console to be submitted on github discussions.
The project will also benefit from all the data created, metrics collected, and feedback received, which will help develop and improve the protocol. If we’re really lucky and something goes wrong we might even find and fix some bugs!
To compete in this incentive, you need to:
Create a Vega wallet by following these instructions and copying the generated public key. In case you have never taken part in Vega incentives you will need to register for incentives.
Please note, if you are using a local CLI wallet, you are required to run version v0.60.0 or later, as for the Vega Wallet Desktop app v0.2.0 or later is required. You can download the appropriate wallet by following these instructions.
Important to note is that you can and should still keep the wallet you are already using for mainnet since the ones for testnet are not compatible.
There is currently an issue with the CLI wallet regarding capitalisation of wallet names which is currently being investigated by the wallet dev team, please see the issue for more detail.
Market details will be visible through Console and APIs.
All announcements for this market will be made via the Vega Protocol Twitter account @vegaprotocol so make sure you follow to stay up to date.
The following is the reward structure, X $VEGA (top X users).
In case for some reason the incentive has started and run for at least 12 hours and runs into issues that prevent it from continuing, including restarting, within a reasonable amount of time, it is up to the community to decide what to do by incentive governance.
Incentive governance means that the community members are allowed to make proposals through the Ambassadors, on how to settle the incentive. The proposals should be added to a vote which will be had at the end of the original incentive.
The following needs to be true for a governance vote to be valid.
Example of an option for voting
After 25th November 2022, winners will be able to get a token claim link by logging onto the token rewards website with the Twitter account used to register for Fairground Incentives (this is the Twitter handle on the list above). You will be asked to confirm your country of residence - unfortunately, those in restricted countries will not be able to claim tokens.
This is a unique, one time use link, and not specific to any individual so it can be used by anyone to claim tokens. Please treat it with the same security as you would a token. Unfortunately, Vega cannot rectify any mistakes, lost links, or links that have already been used. You know the drill!
All tokens have a linear vesting. All tokens, either locked or vested, can be staked on the Vega network once it is live.
All announcements for this incentivised period will be made via the official Fairground Twitter account @VegaFairground so make sure you follow to stay up to date. This includes changes, updates and early closing of the period.
Check out the Incentive Terms and Conditions for information related to all incentives.