Time to charge up your accounts! On Wednesday the 27th of April at 2 PM UTC the third round of 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 TSLA/tEUR market on Fairground.
At the end of the testing period, which is scheduled to be at 2 PM UTC on the 29th of April, all traders' positions will be settled, added to the general account and 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:
This third LP incentive is a bit different from the previous ones since it requires you to have Ropsten ETH in order to retrieve the needed asset tEUR. We recommend you to faucet Ropsten ETH as soon as possible.
|1st place||300 VEGA|
|2nd place||250 VEGA|
|3rd place||200 VEGA|
|4th place||150 VEGA|
|5th-10th place||100 VEGA each|
|11th - 20th||60 VEGA each|
|21st - 50th||30 VEGA each|
To successfully complete this incentive, you need to:
Hint: Make sure that your configuration includes the correct marketID and credential. The sample API scripts shared are the bare bones for you to start building on, but you'll need to take them further to succeed :)
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 the 11th of May 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 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.