We are excited to announce that Perennial has been granted 750,000 ARB to distribute as incentives over the next 3 months. Traders & makers will be able to earn rewards in various ways throughout the protocol. We’re able to provide these incentives due to the support of the Arbitrum community on our STIP vote.
Starting on Monday we’ll kick off the 12 week incentive program focused on growing activity within the Arbitrum ecosystem. Below we’ll provide an overview of the incentives program & share details of the first week’s incentives.
On the 13th of October, the Arbitrum community voted to grant Perennial with 750,000 Arbitrum to distribute to its users in an effort to incentivise growth & development of the Arbitrum ecosystem. In our grant post, we outlined various strategies we will implement to help grow the Arbitrum community.
We are excited to get started and contribute back to the ecosystem that supported us.
The incentive program will be divided into 12 seasons over as many weeks. The 750,000 ARB will be distributed over this period, which will equal roughly 62k ARB per week. We’ll be dividing rewards between traders & makers on the protocol.
The exact split between makers & traders, vaults & pro makers, markets will be announced every week on Monday. We will adjust the rewards to ensure we are able to hit the various KPIs we outlined in our proposal. This dynamic approach will let us have the most impact with the rewards and prevent abuse. At the end of the week, users will be able to claim their rewards from the earlier week on the Perennial app.
While the program is designed to discourage abuse, we reserve the right to nullify rewards for users engaging in sybil attacks or other activities not in the spirit of the grant.
The first week will run from noon UTC on the 6th of November til noon UTC on the 13th. Over the week we will allocate 62,500 ARB to various users of the the protocol.