Games
Jolly LP & trading games details
From Friday 23rd December until 27th of December 10 am UTC, we are planning to run a trading game and a liquidity provision incentive in parallel called Jolly Games — we’re in Christmas spirt and didn’t want’ to miss an opportunity for you to earn rewards
Since it is a period of holidays some of our team will be less available so the support during this incentive should be expected to be less than usual, even so, we felt that since people might be a bit bored around this time a year so why not run it anyway.
The Jolly Trading measures your PNL on (ETH/USDT-X, BTC/USDT-X), so trade away and end up at the top of the Jolly Trading leaderboard.
As for the Jolly Liquidity the leaderboard is based on the amount of liquidity fees received, for the ones that has not done this before, see further instructions below.
Aim for the top spots on the leaderboard’s in order to receive the highest reward according to the distribution table below. Of course you can win both games! OH! OH! OH! OH dont’ get rekt!
#1 Jolly Games Registration
- Create a Vega Wallet, you can choose to use Desktop, which might be easier, or the CLI version.
- Register your wallet and Twitter ID for incentives.
- Join Discord and follow the @vegaprotocol Twitter account.
- Add Sepolia Network to in your wallet (e.g. Metamask) and request Sepolia Eth.
- Register for the Jolly Games using the form in order to receive the assets needed to trade.
- Like and retweet the incentive tweet
- Deposit USDT-X to the Vega network using Console
First time participants
All participants
Please note that the following instruction is for testnet only! If you are using a local CLI wallet, you are required to run version v0.65.0 or later, as for the Vega Wallet Desktop app v0.5.0 or later is required. You can download the appropriate wallet by following these instructions.
#2 Jolly Trading
- Start trading on the ETH/USDT-X and/or BTC/USDT-X market and end up with the highest PNL using the Console or API.
How to participate:
Jolly Trading PNL calculation
(USDT-X at the end of the incentive - (USDT-X at the start of the incentive + deposits))
Example:
At the start of the incentive on Friday you have 1000 USDT-X
At the end of the incentive on Monday 10 am UTC you have 2500 USDT-X, then your PNL is 1500 USDT-X.
#3 Jolly Liquidity
- Setup and run your liquidity commitment script on any of the two or both ETH/USDT-X and/or BTC/USDT-X markets via API calls, which documentation can be found on docs.fairground. If you already knows how it works you can of course go directly to our sample API script.
How to participate:
At the end of the incentive the ones with the most Liquidity Fees received will end up at the top of the leaderboard. Read more about the Liquidity Fees here.
Rewards
The following is the reward structure for the incentive games, 1500 $VEGA in total.
Jolly Trading
| Position | User | Rewards |
| 1 | MrIkuku | 100 VEGA |
| 2 | nice_dainty | 75 VEGA |
| 3 | admiral_gladys | 60 VEGA |
| 4 | singwin1 | 45 VEGA |
| 5 | johnmil98377562 | 40 VEGA |
| 6 | OBaranta | 30 VEGA |
| 7 | jimmylimmy11 | 30 VEGA |
| 8 | AcidMonkey4190 | 30 VEGA |
| 9 | ZarTaCH_0x | 30 VEGA |
| 10 | LaroAlb | 30 VEGA |
| 11 | VictoryZou | 20 VEGA |
| 12 | UndergroundLuis | 20 VEGA |
| 13 | sotillojj | 20 VEGA |
| 14 | hanselbennet1 | 20 VEGA |
| 15 | cos157075 | 20 VEGA |
| 16 | BennyBe23384114 | 20 VEGA |
| 17 | nigelsp82866740 | 20 VEGA |
| 18 | CesarMaguia2 | 20 VEGA |
| 19 | AcidMonkey_4259 | 20 VEGA |
| 20 | AngelDelN | 20 VEGA |
| 21 | ChumelWorked | 20 VEGA |
| 22 | imtestdog | 20 VEGA |
| 23 | fly2univ | 20 VEGA |
| 24 | filip_tudamun | 20 VEGA |
Jolly Liquidity
Since no one provided liquidity and kept it provided to receive fee's and appear on the leaderboard, we will run an extra incentive using these funds.
| Position | User | Rewards |
| 1 | 100 VEGA | |
| 2 | 75 VEGA | |
| 3 | 60 VEGA | |
| 4 | 45 VEGA | |
| 5 | 40 VEGA | |
| 6 | 30 VEGA | |
| 7 | 30 VEGA | |
| 8 | 30 VEGA | |
| 9 | 30 VEGA | |
| 10 | 30 VEGA | |
| 11 | 20 VEGA | |
| 12 | 20 VEGA | |
| 13 | 20 VEGA | |
| 14 | 20 VEGA | |
| 15 | 20 VEGA | |
| 16 | 20 VEGA | |
| 17 | 20 VEGA | |
| 18 | 20 VEGA | |
| 19 | 20 VEGA | |
| 20 | 20 VEGA | |
| 21 | 20 VEGA | |
| 22 | 20 VEGA | |
| 23 | 20 VEGA | |
| 24 | 20 VEGA |
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!
Market details
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.
Incentive Governance
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.
- The incentive must have ran for at least 12 hours.
- No specific user can be named in the reward structure, e.g. user AB receives all rewards.
- The amount of total rewards can not exceed the original amount.
- In case it is decided to reward people
- The incentive has reached its end and users were not able to participate in a way that made it possible for users to participate in the intended way.
- Only registered participants in the incentive votes are valid, this includes twitter, discord and vega public key
- At least 2 different alternatives need to be available to vote for, and users need a sufficient amount of time to vote.
Example of an option for voting
- Change the reward structure to raffle 20 $VEGA to 75 users
- Keep the current reward structure
HOW TO CLAIM YOUR TOKENS
After 31st January 2023, 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.
Further information
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.
Rules
- Breaking things is encouraged! Tell us how you broke them and we may give you a tip if it’s found to be a critical bug. Demonstrate exactly how to reproduce it here. Include screenshots/code snippets in as much detail as possible to be eligible for a tip.
- The Vega project reserves the right to not reward participants that are not participating in the community spirit of the incentive programs i.e. botting to collect as many rewards as possible or using an exploit to win an incentive.
- In the event of unforeseen issues and/or a network crash (or essential reset) we will either restart the event OR track and reward those that participated successfully. The course of action will depend on the unforeseen issue. If you miss out, don’t worry, there are many more incentives planned for the coming weeks and months.
- Attempting to create multiple entries by changing twitter handles, having multiple personal accounts, using bot or farmed twitter accounts or by any other means will result in disqualification from this, and any future, incentives.