The next step… Introducing the “Trade to Earn” program

The more you trade, the more you earn

Traders will be rewarded based on their trading volume. They are the core of the Narwhal Finance ecosystem, and the system works best when there’s a healthy number of active traders. NLP stakers will get decent real yield, NLP PnL will be more stable due to the higher base number. Additionally, funding rates will be more balanced, and the social aspects of the ecosystem will attract more participants.

In essence, the Trade to Earn program benefits the system and fosters a positive cycle. With this in mind, we have chosen to prioritize incentivizing trading instead of following the more traditional approach of rewarding liquidity providers. By doing so, they will indirectly benefit all parties within the ecosystem.

160,000 NAR tokens to be earned weekly

Throughout the first 2 weeks, the rewards for the Daily Prize Pool will be doubled to celebrate the launch of Narwhal Finance, effectively bringing the prize pool from 80,000 NAR to 160,000 NAR weekly. Rewards will be returning to 80,000 NAR once the period ends.

Participating in the trade to earn program is simple and effortless. By actively trading on the Narwhal platform, rewards will accumulate automatically. Shortly after NAR’s TGE, accumulated rewards will be distributed through an airdrop and users will be able to directly claim the rewards via the platform’s front end.

Details of the “Trade to Earn” program

The “Trade to Earn” feature on Narwhal is a straightforward process that is broken down into two components.

In the first part, there is the Daily Prize Pool, which consists of 80,000 NAR tokens allocated each week. All traders on the platform will be sharing this prize pool, proportionally distributed based on their trading volume, with distributions occurring daily.

The second part is the Daily Trading Target. Users who meet the daily trading target will receive a mini gift box for each qualified trading day. Unlike the Daily Prize Pool, this reward is fixed in value and does not depend on trading volume beyond the target.

*Since the NAR token is not yet available, both of these rewards will be accumulated and distributed as a retroactive airdrop after TGE.

How long will the program last?

We believe that the “Trade to Earn” program will help keep the whole ecosystem growing and healthy in the long run. Therefore, it is not a time limited campaign, but rather, a part of the tokenomics, which is planned to last for an extended period.