Liquidity Rewards

Rewarding liquidity on the futures markets to support growth.

WEEKLY REWARDS

FROM THE 1st of JANUARY2021

Growing Liquidity Organically

Presented by Leverj and powered by Gluon

EARN YOUR SHARE
OF REWARDS
UP TO 1M L2 TOKENS
PER WEEK*

Program Details
Weekly Rewards

Program Details

We have changed this program slightly as of 20th March 2021. Rewards are derived from the bottom line fees generated and are calculated on a weekly basis. See the new Rewards Curve in the FAQ

Liquidity Rewards of up to 1M L2 tokens paid out each week*
Rewards are weighted by notional value of matched orders (maker side only)** across all futures markets
Eligibility begins from Jan 1st to reward early adopters
L2 reward payouts will be distributed in 5 consecutive weekly installments

Example: The notional value of Futures trades by Leverj.io users is $40M this week. Trader 1 was on the Maker side of $5M worth of matched orders and on the Taker side of $3.5M worth. Trader 2 was on the Maker side of $5M worth and on the Taker side of $7M worth.

Trader 1 should receive 12.5% of the weekly Liquidity Rewards - 125,000 L2 - distributed in 25,000 L2 payments over 5 consecutive weeks.

Trader 2, despite doing a larger volume overall, equally had $5M on the Maker side so should also receive 12.5%.

Weekly Rewards

Details of the Rewards Distribution will be posted here on GitHub and announced via Telegram & Twitter.

Account

Calculated Weight

Reward in L2

Week 1

0x5690DF030163680F4dA2046798614C3f5C24f64A

0x8ea1EE8b3fC2730fFc8c2A16E27a7148b19EE3f1

0x2d520C06edB20C0a9E5fcFdd983FeEef93881186

0xEc1625f0Be12B31d8edfdd165f7750eE4630a475

0x289D2e750AC6765AB42a9e7FD8dCDD5A3402f74a

0x2d3C547120fC08c4F260246D6A43EEa9AEbc4740

0xe5298d01632A57F9A63A16869A89A69547EB1368

0x94578A2A9b2491c958dcffE25b13Ec7310174474

0x63AF327b76913FAFC7BDB9b0497682b398980717

0x625f560Aae0348f300BA45BEDf574aD5c1d0c3d3

0x6306bb2De549316e232BBfC64184DE6143ce26d0

0x7Daf9cDdE6326338743615F4Ee30B766B8aD4036

Liquidity Rewards Program FAQs

All volume that was filled by Market Makers is subtracted before calculating the weighting.

When the weekly notional volume traded on Leverj Futures exceeds 35M then the reward is 1M L2 for that week. However, if the volume falls below that then the reward amount is calculated on a curve (illustrated below)

Orders that are added to the orderbook and not immediately matched are considered Maker orders as they add liquidity. On the other hand, orders that are immediately matched are removing liquidity and are considered Taker orders. When an Maker order is matched (either partially or fully filled) the matched quantity is counted as the Maker side of the trade.

The matched order Maker quantity filled is multiplied by the matched order price. This is calculated independently for each Maker order matched.

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