Put a cap on it!

Until Monday 4th Mar 2 pm UTC, we will be running the Put a cap on it trading games on our Fairground testnet. Put a cap on it once again takes advantage of some of the new functionality on Vega, mainly setting a cap to the maker fees paid which makes the reward you can receive dependent on how much you have paid in fee's. Everyone will be required to use the latest browser wallet and create their own solo team on Fairground.

Within each market, there can be several reward pools for users in teams, so make sure to check the games page on Fairground console, or the Fairground rewards page in order to see the current active rewards, expect them to change during the incentive. The team rankings are determined by these rewards.

As for the rewards, e.g. Maker Fee's paid, they jave a cap for the user so that you can earn a maximum 0.95 of what you paid in taker fees, see the transaction here and for the average position the cap is 0.5 and on relative return 5.5, the calculation is as follows min(calculated_reward_in_quantum, cap_reward_fee_multiple × fees_paid_this_epoch_in_quantum).

In order to qualify for the incentive, you will need to use the browser wallet, use isolated margin and have your own Lone Wolf team.

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.

HOW TO CLAIM YOUR REWARD

By the end/mid of March, winners will be getting their tokens on the vega pubkey they were participating with in the incentive. You can see the tokens by going to the console or the governance website.

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.