PSWAP Rewards Part 3: Polkaswap Market Making Rebates

Polkaswap
Polkaswap
Mar 15 · 4 min read

TL;DR

  • Approximately 400 million PSWAP are reserved for special PSWAP bonuses for market makers on Polkaswap
  • 20,000,000 PSWAP will be given out per month until rewards run out
  • To qualify, market makers must have at least 500 transactions with an average of at least 1 XOR in each transaction (all transactions on Polkaswap involve XOR because XOR is a hub token)
Kiku Soramoto

𒊹𒂵𒆜・Rewards for Market Makers

To bootstrap the SORA and Polkaswap ecosystems at launch, three different strategic bonuses in PSWAP tokens will be available, consisting of approximately 64% of the total PSWAP supply. Previously, strategic bonuses for providing liquidity on Polkaswap and for buying XOR from the token bonding curve were explained. In this article, the third and final bonus is presented: special PSWAP rewards for market makers who trade on the Polkaswap DEX.

Vesting of Rewards

After being earned, rewards are not given instantly to the user. As with the Polkaswap liquidity reward farming program and the special PSWAP rewards for users who purchase XOR from the token bonding curve, PSWAP rewards earned by market making activities are distributed as a fraction of the daily burn. This gives guarantees that a sudden supply of tokens will not immediately flood the market and gives clear forward guidance about the supply of tokens in circulation.

PSWAP Rewards Claiming

Users can claim only vested tokens and the claiming will be possible at any time as long as there are non-zero rewards for an account.

Conclusions

Now you know the final PSWAP reward bonus! To incentivize efficient markets, the Polkaswap DEX has a decentralized reward pool to distribute to market makers. This is, to our knowledge, the first DEX to have such an incentive for market makers. We hope it will help encourage adoption and foster efficient and well-priced markets, all without central authorities!

About SORA NEO Network, Polkaswap, and Fearless Wallet

SORA is a new economic system aimed at creating a supranational, world economic system with built-in tools for decentralized finance (DeFi). The SORA network implements a new kind of parachain architecture on the Polkadot and Kusama network, with the capability to bridge external blockchains (like Ethereum) to the Polkadot ecosystem.

Polkaswap

A DEX for the Interoperable Future

Polkaswap

A non custodial liquidity aggregator cross chain AMM DEX designed uniquely for the Polkadot ecosystem with boundless liquidity through one of a kind Aggregate Liquidity Technology (ALT) with the security and convenience of a DEX. Website: polkaswap.io

Polkaswap

Written by

Polkaswap

https://polkaswap.io is a non-custodial cross chain AMM DEX designed uniquely for the Polkadot and Kusama ecosystems and hosted on the SORA 2.0 network.

Polkaswap

A non custodial liquidity aggregator cross chain AMM DEX designed uniquely for the Polkadot ecosystem with boundless liquidity through one of a kind Aggregate Liquidity Technology (ALT) with the security and convenience of a DEX. Website: polkaswap.io

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