Sponsored Rewards
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Last updated
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To help partners and communities incentivize trading and lending volume for projects while promoting branding, arbitrary tokens can now be used as a reward for a token pair. Our partners can reward either trading, lending, or both. This feature provides full financial tools for the fast-moving crypto markets.
Traders can participate by margin trading any sponsored pair. Rewards are distributed to traders who long or short the sponsored pair. Sponsored rewards are distributed to traders based on borrowing amount and time.
The following formula is used to calculate trading rewards:
Lenders can participate by depositing assets in sponsored lending pools. Rewards are distributed to lenders who deposit assets in the lending pool based on lending amount and time.
The following formula is used to calculate lending rewards:
Please note that the value of the sponsored rewards must be greater than 100 dollars.
Borrowers can participate in sponsored lending pools. Rewards are distributed to borrowers who borrow assets from a valid borrowing market based on a combination of borrowing amount and time.
The following formula is used to calculate borrowing rewards:
At the conclusion of the event, users who participated in the sponsored event can claim their rewards on the Rewards page. Rewards must be claimed in three months; unclaimed rewards will revert back to the treasury.
Can I get my sponsored rewards back if no one participates?
Yes, you can withdraw the sponsored rewards from the rewards page at the end of the event.
Can I retrieve unclaimed rewards if some users don't claim them?
Yes, you can withdraw the sponsored rewards from the rewards page if some users do not claim their rewards within three months.
What tokens are eligible as reward tokens？
A liquid pool combined with this reward token must have more than $300k liquidity on DEX. Our system automatically detects if the liquidity requirements are met.
How to get the address of the liquidity pool from the DEX?
Find the pool details page from the DEX and then look at the URL on your browser where the contract address of the liquidity pool is shown. An example is provided below:
