From Wednesday 22nd June, exact start time will be announced in Discord, until Friday 24th June 14:00 UTC, a new incentive will run on Fairground.
The incentive will be focused on rewards on multiple markets and assets, rewards are distributed to users that are Providing Liquidity to and or Trading on specific markets in order to incentivise trading volume, which for this incentive is the BTCUSD, UNIDAI Monthly and AAVEDAI market.
For the ones that have been with us for a while you get the opportunity to use many of the skills you have acquired during the past months' incentives, this time, however, LP and Trading leaderboard is not based on the PNL of trading but rather the rewards received by doing so.
The leaderboard will be based on 3 different types of rewards which are combined for the ranking. Please note that the leaderboard is a bit mixed up so you will need to strategize a bit to end up at the right spot. Below can see the three fee categories, and any participant who, for example, places a market order that is filled, will receive a proportion of the reward amount available for that fee.
Important to note is that there are 3 markets that are sharing the same reward pools. You can see the size of each pool and how to receive that reward below.
$MAK: Obtained based on the sum of maker fees received on the BTC/USD, UNI/DAI Monthly and AAVE/DAI market.
$TAK: Obtained based on the sum of maker fees paid on the BTC/USD, UNI/DAI Monthly and AAVE/DAI market.
$LIQ: Obtained based on the sum of liquidity fees received on the BTC/USD, UNI/DAI Monthly and AAVE/DAI market.
During the incentive, when you participate in trades in accordance with the above criteria, you will be able to see that your assets $MAK, $TAK and $LIQ will increase a few times per day. The leaderboard ranking is based on the total amount of acquired $MAK, $TAK and $LIQ ($MAK + $TAK + $LIQ), so even if you are not able to provide liquidity, you are still able to compete.
The reward pool setup for each market is the following:
BTCUSD, UNIDAI Monthly and AAVEDAI market reward pool sizes
I: Register and faucet the required assets
II: Trade on the AAVE, BTCUSD and/or UNIDAI market:
III: Trade on the AAVE, BTCUSD and/or UNIDAI market:
IV: Liquidity provision:
Please have a look at this video to see the detailed instructions:
And more importantly get in touch with us on Discord with all your questions
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 30th July 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 Twitter account @Vegaprotcol 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.