$ARB Incentive Season: Trade, Stake, Fun
More than 500,000 $ARB up for grabs!
APX Finance is pleased to announce the start of the $ARB Incentive Season. Over the next 11 weeks, Arbitrum traders and LPs on APX Finance, PancakeSwap Perp V2, and APX V2 DEX Engine partners will be rewarded with 525,000 $ARB tokens plus weekly $ARB bonuses!
1. 300,000 $ARB Trading Grind
APX will distribute 300,000 $ARB tokens to perpetual traders on the Arbitrum network. The aim is to drive the highest trading volume on Arbitrum.
- See Leaderboard: https://www.apollox.finance/en/competition
- Claim $ARB rewards here: https://www.apollox.finance/en/trade-rewards
- Tutorial: https://apollox-finance.gitbook.io/apollox-finance/programs/v2-arb-incentive-season-trading
Trading Incentives Period
18 June 2024, 00:00 (UTC) — 2 September 2024, 23:59 (UTC)
Volume Rewards
Each week, there is a trading prize pool of 25,000 ARB. The incentive amount that each trader is entitled to receive is determined by their weekly trading fee contributions and tiers. In addition, there is no vesting period for rewards earned in this program. Traders may claim their ARB rewards at any time. Details are as follows:
Starting time: 18th June 2024, 00:00 (UTC)
Activity (Epoch) period: Every Tuesday 00:00:00 UTC to the next Monday 23:59:59 UTC, lasting 11 weeks
Reward Distribution Time: Rewards are issued every Tuesday around 08:00 (UTC). After the trader’s tier is updated, rewards will be calculated and distributed. Users have to claim their rewards within 7 days after the last epoch’s rewards are issued. If they do not, the platform will revoke the rewards.
Reward amount: For each epoch, there is a trading prize pool of 25,000 ARB. This prize pool is distributed according to traders’ weekly trading fee contribution and tiers.
Activity rules: Trading activity on APX Finance V2 (Arbitrum network), PancakeSwap Perp V2 (Arbitrum Network) and any APX V2 DEX Engine partners will qualify for the prize pool.
Tier Breakdown: Every Tuesday at 08:00:00 UTC, we calculate the trading data from the previous Tuesday 00:00:00 UTC to the current week’s Monday at 23:59:59 UTC, and update the trader’s Tier according to the rules. The Tier rules are as follows:
Note: The tier criteria and weights are subject to change based on overall trading activity on the platform. If the user’s volume is lower than 5K USD, no rewards could be claimed.
Rewards will be distributed equally across all traders who qualify for a certain tier.
Trading Rewards calculation formula: At the end of each trading epoch, the amount of $ARB rewards in that cycle will be calculated to determine the weightage and trading fee contribution for that cycle.
The formula for calculating each epoch’s reward amount is: r = R*W / sum(Wi)
The parameters are as follows:
Terms and Conditions
- Due to the difference in trading fees for each trading pair on V2, the rewards traders receive may vary even though their effective trading volumes are the same.
- The rewards to be distributed for each cycle will be stored in the following contract address: 0xbbE8f9E6dE5245A12C2b9dC7B84c8334b4C8Be1f
- Only participants who meet all the requirements will be eligible for the rewards.
- APX reserves the right to disqualify trades that are deemed to be wash trades, displaying attributes of market manipulation, bulk-account. registrations to farm additional bonuses or any other attempts at fraud.
- APX reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.
- APX reserves the right of final interpretation of this activity.
Lucky Airdrop
For the first 10 weeks, 1 trader will win a lucky airdrop worth 2,000 $ARB each week. In the last week, 1 trader will win 5,000 $ARB tokens!
- Rewards will be distributed in $ARB tokens.
- $ARB will be airdropped to the trader’s wallet within 14 working days after each epoch ends.
2. Trading Bonus Giveaways
As part of APX’s commitment to reward trading activity on Arbitrum, we will distribute additional $ARB tokens to APX V2, PancakeSwap perpetual v2 traders. Each week, traders can claim rewards from a $ARB prize pool.
Weekly $ARB Bonuses: Traders who hit a minimum 1,000 USD trading volume on APX V2, PancakeSwap perpetual v2 (Arbitrum) and complete simple off-chain tasks on Galxe can earn an extra 5 $ARB tokens per week.
- Traders have to successfully obtain the weekly OAT to be eligible.
- OAT holders will be randomly selected to win 5 $ARB each.
- $ARB rewards will be airdropped to traders’ wallets within 14 working days after each epoch ends.
Claim $ARB here: https://app.galxe.com/quest/apolloxfinance/GCu1ctdofq
Check winners list here: https://medium.com/apx-finance/arb-incentive-season-weekly-bonuses-winners-416ba4e52f2d
3. Sweet Staking Yields
To further incentivize Arbitrum liquidity providers on APX, together with PancakeSwap, APX will distribute 225,000 $ARB tokens to LPs who mint ALP (Arb) on APX or PancakeSwap.
ALP Syrup Pools: APX will set up three ALP Syrup Pools on PancakeSwap (Arbitrum). Each pool has a 4-week expiration period and will contain 75,000 ARB tokens as staking incentives. With the Syrup Pools, LPs earn 50% of platform trading fees when they mint ALP (Arb) and earn $ARB tokens when they stake ALP in the Syrup Pool.
- The first Syrup Pool went live on 13 June.
- Syrup Pool APR = Annualized rewards (USD) / User funds staked in Syrup Pool (USD) * 100
- $ARB rewards can be claimed directly through the Syrup Pool page.
Stake ALP here: https://pancakeswap.finance/pools?chain=arb&utm_source=blog&utm_medium=APXFinance&utm_campaign=ARBincentiveSeason&utm_id=ARBincentives
Risk Warning: Crypto futures trading carries a substantial risk. All trading activities are done at your discretion and at your own risk. The information here should not be regarded as financial or investment advice from APX Finance. APX Finance will not be liable for any loss that might arise from your use of APX Finance.
