Integral will shortly be launching a CVX-ETH pool on SIZE. Rewards for trading and LP will start from 0000 UTC April 12th, and the trading fee will be 1 bp.
Why it matters: CVX-ETH is SIZE’s first ever altcoin pools--a brand new feature that is exclusive to SIZE.
Zoom out: Starting as a central player in the Curve Wars, CVX has been universally appreciated by DAOs, funds, and whales. To learn more about the token, and what you can do with CVX, please read this deep-dive analysis from our research team.
In celebration of CVX-ETH pool launch, we are rolling out new rewards program for both liquidity providers and traders. The Total Reward = Base Reward x Bonus Multiplier.
Each liquidity pool has a fixed number of ITGR reward emissions per block. LPs are rewarded pro-rata per block based on capital provided.
Base Reward emission will be 300,000 ITGR for CVX-ETH pool, starting from 0000 UTC on April 12, 2022. They are calculated and accredited in real time. LPs will be able to view their latest $ITGR balance on the Integral site next to the wallet address.
Each LP will be given a multiplier based on a snapshot taken at the start of each week at 00:00 UTC Sunday (April 10th).
The LP bonus multiplier is based on the amount and duration of ITGR staked. If an LP is qualified for different multipliers, the maximum multiplier will be used in the bonus multiplier calculation. Rewards contributed by the multiplier will be calculated and accredited at the end of each week.
Please note that rewards for LPs in ETH-USDC does not change. Its Base Reward emission will still be 300,000 ITGR, with multiplier being applicable.
Base Reward emission will be 50,000 ITGR for all SIZE users every weekday, starting from 0000 UTC on April 12, 2022. They are to be distributed pro-rata based on trading volume of the day among all eligible wallets.
Each trader will be given a bonus multiplier based on the ITGR staking snapshot at 00:00 UTC each weekday, and the average trade size (to be updated in real time during the day). If a trader is qualified for different multipliers, the maximum multiplier will be used in the bonus multiplier calculation. Rewards contributed by multiplier will be calculated and accredited at the end of each day.
With the launch of the CVX-ETH pool on Integral SIZE, there is a new utility available for the participants of the Convex wars. Learn more about Integral SIZE here and start trading with SIZE today at: https://integral.link/