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Synthetix Perps Rewards: Optimism Trading & Lido Incentives Extension

September 12, 2023
in DeFi
Reading Time: 2 mins read
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Synthetix Perps Rewards: Optimism Trading & Lido Incentives Extension

Mark your calendars! Synthetix is rebooting its perps buying and selling incentives on Wed Sep thirteenth at 0:00 UTC for each the Optimism Perps Rewards Program and the Lido stETH Perps Rewards packages. Right here’s a short evaluation on what it is advisable to know:

Synthetix Perps Optimism Buying and selling Incentives – Extension:

Extension Information: Further 5 weeks of OP rewards for buying and selling Synthetix Perps – 100k OP per week for 5 weeks.Reward Caps: Rewards can't exceed charges generated. Ex: $50k in buying and selling charges generated rewards a most $50k in OP rewards.Buying and selling Epoch: First epoch begins Sep thirteenth at 0:00 UTC, first charge snapshot and subsequent distribution will probably be on Sep 20/twenty first.Reward Construction: Based mostly on commerce charges paid and an non-obligatory staked SNX (Synthetix) multiplier.Snapshot: A snapshot is taken every Wednesday at 0:00 UTC, rewards are distributed throughout the following day or two.Distribution Particulars: Go to taking part integrators to obtain your pro-rata share of weekly rewards based mostly in your commerce rating.Study extra: Synthetix Perps Optimism Buying and selling Incentives – September Extension Replace

Lido stETH Synthetix Perps Buying and selling Incentives:

Extension Information: Further 5 weeks of OP rewards– 1500 OP per weekReward Caps: Rewards can't exceed charges generated. Ex: $1k in buying and selling charges generated, rewards a MAXIMUM of $1k in OP rewards.Buying and selling Epoch: First epoch begins Sep thirteenth at 0:00 UTC, first charge snapshot and subsequent distribution will probably be on Sep 20/twenty first.Weekly Rewards: 1,500 OP for merchants within the stETH perps marketReward Distribution: Professional-rata based mostly on the dealer rating for the stETH market, go to taking part integrators to say.Study extra: Lido stETH Synthetix Perps Buying and selling Incentives – September Extension Replace

Any questions?

Have any questions? Head over to the Synthetix Discord to study extra.

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Tags: ampExtensionIncentivesLidoOptimismperpsRewardsSynthetixTrading
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