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Incentives Program
Futureswap incentivizes liquidity and trading with FST (Futureswap governance token).
Daily FST Incentives:
USDC/ETH Pair
Source
12/15/21 - 01/05/22
01/05/22 - 01/19/22
Trading - Fees
2,000
3,000
Trading - Open Interest
800
800
LPs - Futureswap pool (Passive)
1,200
1,000
LPs - Uniswap pool (Active)
1,500
2000
WBTC/ETH Pair
Source
12/15/21 - 01/05/22
01/05/22 - 01/19/22
Trading - Fees
-
3,000
Trading - Open Interest
-
800
LPs - Futureswap pool (Passive)
-
1,000
LPs - Uniswap pool (Active)
-
4,000
How To Earn Incentives
Trading
1. Trade Fee Rewards
Trade fee incentives are distributed daily based on your volume of trade fees compared to the rest of trade fee volume.
2. Open Interest Rewards
Open interest incentives are distributed 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.
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. Futureswap Liquidity Provider Rewards (passive)
Futureswap (internal) liquidity pool incentives are earned continuously based on the ratio of liquidity you're providing compared to the rest of the pool. You can view available pools on the pools page.
2. Uniswap Liquidity Provider Rewards (active)
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 retroactively 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.
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 13d ago