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!
First time 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.
How to participate:
Jolly Trading PNL calculation
(USDT-X at the end of the incentive - (USDT-X at the start of the incentive + deposits))
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.
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.
The following is the reward structure for the incentive games, 1500 $VEGA in total.
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.
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 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.
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 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.
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.