Reward Allocations
OLP Reward Allocations to Markets and Market Makers
Last updated
OLP Reward Allocations to Markets and Market Makers
Last updated
Rewards are allocated to eligible markets in two different methods:
Static allocations
Static allocations with a dynamic component
12.5% of INJ rewards will be preallocated to each of the BTC/USDT PERP market, ETH/USDT PERP market, and INJ/USDT PERP market. 1% will be preallocated to each remaining eligible market as a minimum allocation:
Market | Total Allocation |
---|---|
Static allocations may change over time as more markets are added to the eligible list
The remaining rewards will be allocated to the eligible markets (excluding BTC/ETH/INJ Perps) based on the following equation:
refers to the static market reward allocations for non-BTC, ETH, and INJ perp markets.
For more information on each epoch, see the Reward Pool page.
For each eligible market, the product of the ’s and is aggregated across all MMs. Rewards are allocated to each market based on the proportional aggregate products across all applicable markets. The preallocation amount (1%) for the market is also added in.
For markets added to the eligible list midway through an epoch, the 1% preallocation will be prorated. For example, if ARB/USDT is added on the 15th day of the epoch, then the market will receive a 0.5% preallocation (there are 14 days left out of 28. If there are 17 days left, then the market will receive ).
For each market that has dynamic reward allocations, a hard cap will be applied according to the following formula, where is the number of eligible markets excluding BTC, ETH, and INJ perps:
Any reward allocations that exceed the cap will be redistributed amongst the other eligible markets according to the dynamic allocation formula.
Rewards to individual will be allocated based on the following equation:
Rewards for addresses totaling < 1 INJ at the end of each epoch will be disregarded to reduce the overhead of the disbursement process.
# Eligible Markets Excluding BTC/ETH/INJ Perps | Rewards Cap |
---|---|
Each will receive rewards based on the ’s proportional within the market, subject to governance approval.
BTC/USDT Perp
12.5%
ETH/USDT Perp
12.5%
INJ/USDT Perp
12.5%
Other Eligible Markets
1% each + formula based allocation, with reward cap based on formula (see table below)
6
20.83% of Total Available Rewards
7
17.86% of Total Available Rewards
8
15.63% of Total Available Rewards
9
13.89% of Total Available Rewards
10
12.50% of Total Available Rewards
11
11.36% of Total Available Rewards
12
10.42% of Total Available Rewards
...
...