Incentives Program
Futureswap will be incentivizing liquidity and trading with FST - Futureswap's governance token. 1,000,000 FST will be issued in the first month from the Incentives fund to help bootstrap the exchange and reward early adopters. Overtime, this can be reduced as the protocol becomes more efficient, with a healthy ecosystem of traders and liquidity providers.

Daily FST Incentives:

Source
Oct 13th - Nov 1st (FST)
Nov 1st+ (FST)
ETH/FST Uniswap pool
-
1,333
Trading - open interest
2,857
4,320
Trading - volume
-
10,080
LPs - Internal pool (Passive)
7,143
2,160.00
LPs - Uniswap pool (Active)
12,240
12,240

How to earn incentives

Uniswap LPs

Details on the incentivized ETH/FST Uniswap pool will be available on the week of the 25th.

Trading

1. Open interest

Open interest incentives are earned continuously on your leveraged open position, as a ratio to the rest of the open interest at a given moment. Two positions that have the same collateral amount, but different leverages will earn rewards at different rates. A 10x leveraged trade would earn 5 times the amount of rewards than a 2x leveraged, for example.

2. Trade volume.

Trade volume incentives are earned based on the volume of trade activity, compared the rest of traders. More details on how to earn these rewards will be provided on the week of the 25th.

Protocol LPs

Each exchange has an internal liquidity pool and a corresponding Uniswap pool. The internal liquidity pool enables leveraged trading on Uniswap, earns trade fees, and has low risk of impermanent loss. The corresponding Uniswap pool requires active management, but also earns more incentives for the effort.

1. Internal liquidity pool (passive)

Simply provide liquidity to start earning rewards continuously. Rewards are earned based on the ratio of liquidity you're providing compared to the rest of the pool.

2. Active Uniswap liquidity

Each exchange has a corresponding Uniswap liquidity pool (listed below). Incentives are earned for actively managing a positions within bounds of +/-2.5% from the Binance perpetual index price. Earnings are calculated on a one hour interval and then distributed on a 14 day period.
For example, at a $4,000 index price, liquidity that's within the bounds of $3,900 and $4,100 will earn rewards.
For now, there's no way to visualize your pending earnings. A UI for this will be available soon.
Incentives will be retroactively distributed and claimable on Futureswap for each 14 day period.

Claiming Incentives

All earned FST by traders and liquidity providers have a vesting period chosen by the user. The options are anything between 0 days and 1 year. FST vests based on a quadratic curve, meaning that the most economical decision is likely to lock up for the full 1 year, thus reducing the FST supply and incentivizing long-term alignment.
When the vesting period is over, the FST is unlocked, and the can then be transferred to your wallet in the rewards ui.
Last modified 1d ago