Trade to Earn: Lista DAO x Lynx Incentive Program
Want to earn lisUSD rewards? We’re excited to announce Lista DAO’s 4 week reward program in collaboration with Lynx, granting a total of 4,000 $lisUSD tokens as incentives to Lynx traders. These rewards aim to amplify the amount of $lisUSD trading fees being generated for liquidity providers while increasing the adoption of $lisUSD as a collateral asset for trading perps!
Starting on May 27, 2024 at 00:00 UTC, and until June 24, 2024 at 00:00 UTC, $lisUSD tokens can be earned by traders actively participating within the Lynx ecosystem, spanning various trade-to-earn categories!
Let’s delve into Lista DAO’s 4 week incentive program and how you can partake in this exciting opportunity to earn $lisUSD!
Reward Structure
A total of 4,000 $lisUSD tokens will be rewarded to traders using $lisUSD as their collateral asset on Lynx. If you trade on Lynx using $lisUSD as collateral, you are guaranteed to earn — simple as that!
The distribution of $lisUSD tokens is based on a system that encourages high-volume trading (fees paid) and positive trade PnL (successful traders).
Here’s a breakdown of how rewards are earned and distributed:
Fee Rebates
Any trade that is opened/closed on Lynx during the incentive program automatically qualifies for a fee rebate. Traders can get refunded up to 80% of the trading fees they pay during the incentive program. By using $lisUSD to offset trading fees, the more you trade, the more $lisUSD you earn!
Note: Fee Rebates are on opening/closing fees and exclude any fees paid to funding or interest rates.
Positive Trading Boost
Traders are rewarded for closing successful trades on Lynx. At the end of each round, the Positive Trading Boost rewards are distributed pro-rata to all traders based on their share of the total accrued positive P&L. For example, if traders collectively earned +10,000 $lisUSD in P&L and you contributed +5,000 of it individually, you will earn 50% of the rewards for that round!
Note: Positive Trading Boost is based on Net P&L: the amount earned or lost after accounting for all fees owed by the trader. Trades closed with negative Net P&L are not counted and do not affect the amount of positive Net P&L earned by that trader.
Reward Weightings
Every Monday at 00:00 UTC, a new round begins: a new prize pool is up for grabs and all stats from the previous round are reset. Participants therefore start each round on an even playing ground! The rewards will be distributed across the rounds as follows:
Round 1: 1,000 $lisUSD (May 27 — June 3)
- Fee Rebates: 600 $lisUSD (60% of round prize pool)
- Positive Trading Boost: 400 $lisUSD (40% of round prize pool)
Round 2: 1,000 $lisUSD (June 3 — June 10)
- Fee Rebates: 600 $lisUSD (60% of round prize pool)
- Positive Trading Boost: 400 $lisUSD (40% of round prize pool)
Round 3: 1,000 $lisUSD (June 10 — June 17)
- Fee Rebates: 400 $lisUSD (40% of round prize pool)
- Positive Trading Boost: 600 $lisUSD (60% of round prize pool)
Round 4: 1,000 $lisUSD (June 17 — June 24)
- Fee Rebates: 400 $lisUSD (40% of round prize pool)
- Positive Trading Boost: 600 $lisUSD (60% of round prize pool)
If the fee rebates accrued by traders exceeds the amount of tokens available that round, the rewards for fee rebates will be distributed pro-rata based on their share of the total trading fees. For example, if a total of 2,000 $lisUSD were paid in trading fees by all traders, someone who individually paid 1,000 $lisUSD in trading fees (50% of the total) would earn 50% of the tokens available for that round.
Claiming Your Rewards
Throughout each round, the estimated amount of rewards earned by any one trader fluctuates based on the performance of all participants. The exact amount of rewards earned by each participant is determined at the end of the round.
Traders can claim their rewards only once the incentive week concludes. However, traders can monitor the estimated rewards they will earn at any given time on the ‘Rewards’ page within the app.
How to Trade with $lisUSD Step-by-Step:
- Deposit $lisUSD on Lynx: Users must deposit $lisUSD into their Lynx accounts before trading or providing liquidity. Lynx is a non-custodial exchange and funds can be withdrawn by the user at any point.
Deposit Here 👉 https://app.lynx.finance/portfolio?chainId=56 - Open a Trade with $lisUSD: After funding their Lynx account with $lisUSD, traders can then enjoy gasless trading on Lynx! Go long or short on a variety of instruments using your $lisUSD as collateral — all without paying any gas costs!
Trade Here 👉 https://app.lynx.finance/leverage?chainId=56
To learn more about trading incentives on Lynx, refer to the dedicated section in the Lynx documentation. And remember — stay engaged on the Lynx Discord and Twitter for the latest updates and announcements!
