Introducing Monaco Protocol Points
Overview
We are thrilled to announce that Season 1 of Monaco Protocol Points are now live!
Monaco Protocol Points mark the launch of an earn program designed to quantify and reward contributors to the Monaco ecosystem.
Makers (liquidity providers who put up offers), takers (bettors who take existing liquidity) and dApps that allow individuals to interact with the Monaco Protocol are all eligible to earn Monaco Points!
How to earn Monaco Protocol Points
Monaco Protocol Points are earned based on matched trading volume, and will be issued to respective users and operators for every trade made on the Monaco Protocol.
For each dollar (USDC) of matched volume traded on the Monaco Ecosystem, contributors will earn the following amount of Monaco Protocol Points:
- Makers (liquidity providers): 6 points
- Takers (bettors): 4 points
- dApps: 2 points
While this is the only current way to earn Points, there may be new ways of earning points introduced in the future.
Viewing my Monaco Protocol Points
Monaco Protocol Points have been retroactively awarded to all contributors with previous activity on the protocol dating back to July 1st, 2023.
You can check out your Points balance anytime on https://www.monacoprotocol.xyz/monacoprotocolpoints. The leaderboard will be updated every Friday.
Getting Started
If you are new to the Monaco ecosystem, welcome! You can participate in the Monaco ecosystem in a variety of different ways including:
Interact with the Protocol
Live dApps on Mainnet
Why should I care
Monaco Protocol Points represent your quantitative contributions to the Monaco ecosystem. They may even give you access to future rewards and benefits on the Monaco Protocol*.
Additionally, dApps or operators may choose to distribute their earned Points back to users for their platform activity.
Stay tuned as we plan to unveil more over the coming months!
