We are excited to launch SIZE, a new decentralized exchange specifically designed to execute large orders on chain. SIZE lets traders execute orders at 30-minute TWAP with zero-price impact. Read more about SIZE in our launch post here. As part of the SIZE launch, we will be starting a new rewards program for both liquidity providers and traders. Read on for the details!
SIZE launch program rewards will go to both LPs and traders. LP Farming will start at 00:00 UTC on March 24, 2022. Trade Mining program will start at 00:00 UTC March 27, 2022 and continue on a weekly basis from 00:00 UTC Sunday through 23:59 UTC Saturday. Both reward programs have a base reward component and a multiplier. 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 rewards 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.
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.
Note that for the period between March 24 and March 26, the multiplier will be based on the snapshot at 00:00 UTC March 27, 2022.
To be eligible for trading rewards, a wallet needs to trade at least one order in eligible pairs per day on at least three days each week . Each day starts at 00:00 UTC and ends at 23:59 UTC.
Eligible pairs are selected pairs qualified for Trader Reward. These pairs will be announced a few days before the start of each weekly cycle. ETH-USDC is the eligible pair at launch.
Each week a fixed amount of ITGR is to be distributed pro-rata based on trading volume of the week among all eligible wallets.
Each trader will be given a bonus multiplier based on the ITGR staking snapshot at 00:00 UTC Sunday (at the start of each week), and the average trade size (to be updated in real time during the week). 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 week.
Both LP and Trader Rewards will have a 6-month linear vesting schedule, starting on April 24, 2022.
At launch, reward emissions are as follows.
Subsequent rewards will be announced shortly before the start of each week.
We will gradually launch pools for other altcoins. We would love to hear community inputs on which tokens to you want to trade on SIZE next. To do so, simply join our Discord server and leave your opinions in the #feedback channel under the “Support Desk”.
If you would like to help Integral grow faster, the most important thing you can do is refer to us great builders. Currently we’re looking to hire Smart Contract Engineers. Any assistance on sourcing the best possible candidates for this position would be greatly appreciated.