A big thank you to the Vega community for taking part of the Liquidity Provision Incentive, it is very appreciated!
We are aware that this was a tough one, both in terms of setting it up technically as well as what strategy to run.
In case you want to see the finalized leaderboard that was calculated by using the following formula (final balance - total deposited)/(total deposited) you can click here or scroll down below to see the final results.
The top list of of people committing are:
|Position||Trader||Incentive (Vega tokens)|
Positions 5-10, 125 Vega Tokens each:
Positions 11-20, 100 Vega Tokens each:
Positions 21-50, 75 Vega Tokens each:
Vega reserves the right to change or modify the list above in case of any mistakes
On Wednesday the 6th of April at 3PM UTC (4pm BST/UTC+1) a second Liquidity Provision incentive will launch on Vega Fairground.
The Liquidity Provision functionality on Vega is a way for liquidity providers to bid against each other in order to offer the trader the lowest fee possible while providing liquidity to the market. More information about Liquidity Provision can be found here and find out more about fees here.
As for the incentive, it will be performed using the Liquidity Provision functionality on the SOLUSD market on Fairground. At the end of the testing period, which is scheduled to be at 3pm UTC (4pm BST/UTC+1) on 8th April, all traders' position will be settled and added to the general account and be combined with the fees collected. The accounts with the highest (non-zero) percentage profit (final balance - total deposited)/(total deposited) on their general account after market settlement will receive rewards according to the incentives table below:
|1st place||300 VEGA|
|2nd place||250 VEGA|
|3rd place||200 VEGA|
|4th place||150 VEGA|
|5th-10th place||125 VEGA each|
|11th - 20th||100 VEGA each|
|21st - 50th||75 VEGA each|
To successfully complete this incentive, you need to:
Please note, if you are using a local CLI wallet, you are required to run version v0.13.1 (or later), as for the Vega Wallet Desktop app v0.1.1 is required. You can download the latest wallet by following these instructions.
After 28th April 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.