V2 ARB Incentive Season (Trading)
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Last updated
Last updated
APX Finance is pleased to announce the start of the $ARB Incentive Season. Over the next 11 weeks, Arbitrum traders and LPs on , , and APX V2 DEX Engine partners will be rewarded with 525,000 $ARB tokens plus weekly $ARB bonuses!
This page shares about Trading Incentives. Refer here for Weekly Bonuses and ALP Staking Incentives:
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.
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 (Arbitrum network), (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:
Tier
Description
Weight
First
Epoch trading amount >=5K USD
1X
Second
Epoch trading amount >=5M USD
3X
Third
Epoch trading amount >=20M USD
5X
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:
r
Amount of $ARB reward to the user for the current epoch
R
The total rewards of the current epoch, R= 25,000 ARB
f
user’s trading fee contribution amount (USD value)
W
Weight corresponding to the user's Tier level, W=max(f*w,0)
Sum(Wi)
Total weight score of all users. Wi represents the weight of any user, and sum(Wi) represents sum weight scores of all users.
w
acceleration multiplier, calculated based on the total trading volume by the user in the current epoch
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 7 working days after each epoch ends.
Connect your wallet and select Arbitrum network.
Select long/short, your preferred trading pair, leverage, TP/SL and choose your preferred asset as margin.
Supported Contracts: BTC, ETH, ARB, XRP, RDNT, GMX and DOGE
Margin assets: USDC.e, DAI, USDT, ETH
Leverage: Up to 1001x for BTC, Up to 250x for ETH, Up to 20x-75x for the rest
Connect your wallet and select Arbitrum network.
After each epoch’s rewards are distributed, click the "claim" button to get $ARB rewards.
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.
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. APX will not be liable for any loss that might arise from your use of APX.
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