Synthetix Perps Launches Optimism Trading Incentive Plan
On April 18th, it was announced that Synthetix Perps has launched the Optimism trading incentive plan. After a three week improvement period, Synthetix Perps ca
On April 18th, it was announced that Synthetix Perps has launched the Optimism trading incentive plan. After a three week improvement period, Synthetix Perps can receive a weekly trading reward of up to 200000 OPs: 50000 OPs in the first week, 100000 OPs in the second to third weeks, and 200000 OPs in the fourth to twentieth weeks.
Synthetix Perps has launched Optimism Trading Incentive Plan
As of April 18th, Synthetix Perps announced the launch of its Optimism Trading Incentive Plan. This plan offers a trading reward to its users in the form of OP (Optimism Perps), the native token of the platform. After a three week improvement period, Synthetix Perps users can receive a weekly trading reward of up to 200,000 OP – 50,000 OP in the first week, 100,000 OP in the second to third weeks, and 200,000 OP in the fourth to twentieth weeks. Let’s dive deeper into the details of the Synthetix Perps Optimism Trading Incentive Plan.
Understanding Synthetix Perps
Synthetix Perps is a decentralized derivatives exchange that operates on the Ethereum blockchain. The platform enables its users to trade derivatives such as futures, options, and perpetual contracts with each other. It is a part of the larger Synthetix ecosystem, which is a decentralized finance (DeFi) platform that provides users access to a variety of financial products and services. The Synthetix Perps Optimism Trading Incentive Plan is the latest addition to this ecosystem.
What is the Optimism Trading Incentive Plan?
The Synthetix Perps Optimism Trading Incentive Plan is a trading reward program that aims to incentivize users to trade on the platform. This program operates on a weekly basis, and users are rewarded with OP tokens for trading on the platform during the week. The reward structure is as follows:
– Week 1: 50,000 OP
– Weeks 2-3: 100,000 OP
– Weeks 4-20: 200,000 OP
In order to participate in the program, users must have a minimum of 1000 SNX (Synthetix Network Token) staked in the Synthetix Perps contract. Additionally, this staked SNX is locked for the duration of the reward period.
How Does the Optimism Trading Incentive Plan Work?
The Synthetix Perps Optimism Trading Incentive Plan operates according to a predetermined set of rules. These rules are put in place to ensure that the program operates fairly and transparently for all users. The rules are as follows:
– Users must have at least 1000 staked SNX in the Synthetix Perps contract in order to participate in the program.
– The reward period operates on a weekly basis, from Monday to Sunday.
– Users who trade on the platform during the week are eligible to receive a trading reward in the form of OP tokens.
– The amount of OP tokens rewarded is proportional to the user’s trading volume on the platform during the reward period.
– In order to prevent abuse of the program, a maximum reward limit of 30,000 OP tokens per user per week is in place.
Conclusion
The Synthetix Perps Optimism Trading Incentive Plan is a new program that aims to incentivize users to trade on the platform. With a maximum reward of 200,000 OP tokens per week, users have a real incentive to increase their trading volume. The program operates according to a set of transparent rules that ensure fairness for all users. Additionally, the staked SNX requirement ensures that users have a vested interest in the future of the platform. With the launch of this program, Synthetix Perps continues to expand its ecosystem and offer its users innovative solutions for trading derivatives in a decentralized manner.
FAQs
1. What is the minimum amount of SNX required to participate in the Synthetix Perps Optimism Trading Incentive Plan?
Users must have a minimum of 1000 staked SNX in the Synthetix Perps contract in order to participate in the program.
2. What is the maximum reward limit for the Synthetix Perps Optimism Trading Incentive Plan?
The maximum reward limit for the program is 30,000 OP tokens per user per week.
3. How long does the Synthetix Perps Optimism Trading Incentive Plan last?
The program operates on a weekly basis, with a total reward period of 20 weeks.
This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/17141.htm
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Japan to Create Open Meta Universe Infrastructure for Digital Transformation
It is reported that Mitsubishi, Fujitsu and other technology companies said that they would create the \”Japan Meta Universe Economic Zone\”, and jointly create …
-
What is Bitcoin ifo (Frodo Bitcoin)
What is Bitcoin ifo? What is Bitcoin ifo? Bitcoin ifo is a financial tool implemented through blockchain technology. In traditional business models, if a product is used as the payment method, it can be a company or an enterprise. At this point, what you want is another payment method. The characteristic of Bitcoin Io is its ability to support various currencies (fiat or crypto assets), such as the US dollar, euro, and so on However, due to its nature, Bitcoin itself has nothing special. Because its value does not exist in the hands of a government. Therefore, its purpose is to solve global trade and economic problems, so it cannot guarantee the security, efficiency, and traceability of transactions. Meanwhile, due to its lack of decentralization, Bitcoin is difficult to become a payment method frodo BitcoinAccording to official Twitter reports, frodo Bitcoin (fomo) is a decentralized asset management platform that supports transactions and lending across multiple protocols It is reported that…
-
Taiko Project: A Community Driven and Decentralized zkRollup Solution
On April 17th, according to Taiko\’s official tweet, the Alpha-2 test network will be abandoned within 10 hours and Alpha-3 will be launched in Q2. It is reported that the Taiko pro
-
What currency does Ethereum have (is Ethereum valuable)
What currency does Ethereum have Ethereum is a digital currency, different from Bitcoin, Monero and other crypto assets, its total issuance is only 21 million. According to the introduction, Ethereum token, rather than Bitcoin, is the most widely used in the blockchain network. In addition, Ethereum is the second largest decentralized application (DApp) and smart contract platform in the world; It can be used to pay transaction costs and support NFT projects, and also allows developers to create decentralized applications based on the Ethereum platform Is Ethereum valuableEditor’s note: This article is from the vernacular blockchain (ID: hellobtc), the author is 0x29, and Odaily Planet Daily has been authorized to reprint it The price of Ethereum began to rise all the way at the end of last year. By the end of the press release, it had risen to about $10000. Although it has not yet reached the highest point in history, it is still worthy of our attention and…
-
Sam Bankman-Fried in Risk of Losing his Bail
It is reported that Sam Bankman-Fried (SBF) is still on bail, but the New York judge responsible for supervising his criminal fraud case said that if the forme…
-
DeFi Strategic Agreement Ammalgam Completes Pre-Seed Round of Financing
On February 27th, the DeFi strategic agreement Ammalgam announced that it would complete the US $750000 pre-seed round of financing in the third quarter of 202…
-
What is the most cost-effective way to mine graphics cards with a mining machine
According to Coindesk, in the recent AMA, what is the most cost-effective way to mine graphics cards. The sales manager of S17Pro, a mining machine manufacturer, said: What is the most cost-effective way to mine graphics cards at present? At current prices, if calculated at a price of 5000 yuan per piece, this machine would cost approximately 20000 yuan (approximately 30-40 million yuan). In addition, according to Coinmarketcap data, the return per T of Bitcoin Spot market is about $1, and the average return on investment in Ethercoin is as high as 18%; However, due to the current sluggish market, investors should choose mainstream currencies as their first choice According to RTX3080Ti data, it has been three years since the beginning of 2018, and graphics card mining is a trend in the graphics card market. However, due to the high cost of Cryptocurrency mining, some manufacturers began to buy Bitcoin, Ethereum and other virtual currency graphics cards as the main…
-
Why does DeFi drive Ethereum (Ethereum dex)?
Why does DeFi drive Ethereum? In the past month, the popularity of decentralized
-
FTX Trading Faces Largest Bankruptcy Case in History
On March 16th, a Twitter user claiming to be a FTX creditor, @ AFTXcredit, said on Twitter that FTX Trading released a creditor form yesterday, with over 2000 p
-
Founder of Derivatives Agreement Platform Holds Long Position Worth $8.26 Million
On March 15, it was reported that Andrew Kang (0xe8c19db00287e3536075114b2576c70773e039bd), founder of the derivatives agreement GMX platform Giant Whale and Me