It’s rewards season at Kwenta! Kwenta offers several exciting rewards programs to incentivize traders and highlight our liquidity partners’ and available networks. This blog serves as the definitive guide to these programs, detailing the network, required actions, and potential rewards. It will be kept up to date as programs launch, expire, or change.

Current Live Rewards

• Trading Rewards on Arbitrum with Perennial Finance

• OP Referral Rewards

• VIP Program

• Points Program

For details on each program, scroll to each section in the Ultimate Kwenta Rewards Blog.

Live Rewards

Kwenta currently has two live rewards programs on Arbitrum and Base. We’ll keep this section up-to-date as rewards expire, or as new rewards programs launch.

Trading Rewards on Arbitrum with Perennial Finance

To celebrate the recent launch of Kwenta on Arbitrum, Kwenta and Perennial Finance have launched 12 weeks of ARB rewards for Kwenta traders. Earning ARB is simple: trade any of our Arbitrum markets with Perennial.

Network: Arbitrum

Action Required: Trade any market on Kwenta on Arbitrum.

Potential Rewards: 1.2 million ARB tokens over 12 weeks.

Program Details:

• How to Earn: Traders earn a proportional share of 100k ARB tokens each week based on execution fees. Execution fees do not include funding or gas fees.

• Example: If all traders on Perennial on Arbitrum pay $100,000 USDC in execution fees in a week, and Trader Bill pays $1,000 USDC in fees, Trader Bill would earn 1% of the total weekly reward or 1,000 ARB tokens in the given week.

• Epochs: Begin and end every Monday at 1200 UTC for 12 weeks. Start earning on July 15th, 2024, and claim final rewards on October 7th, 2024.

• Rewards Distribution: Use the new Rewards Dashboard to track and claim rewards. Estimated rewards are updated throughout the week.

OP Referral Rewards

With support from the Optimism DAO, Kwenta traders and community members can earn $OP rewards for following a referral link or referring new traders. For more information, see the Kwenta Referral Dashboard or see the Kwenta Documentation. If you need a referral link, come ask in the Kwenta discord or @ kwenta_io on Twitter and the Kwenta community will be happy to provide one!

Network: Optimism

Action Required: Follow a referral link and mint a Boost NFT or Refer a trader.

Potential Rewards: 200,000 $OP distributed on a first come, first serve basis.

Program Details:

• How to Earn: For each trader who mints a Boost NFT and pays fees, 30% of fees are rebated to the trader, and 30% to the affiliate who referred them.

• Example: Affiliate Tom invited Trader Ily. Trader Ily pays $100 in fees. At the end of the weekly epoch, $30 is earned by Affiliate Tom, and $30 is earned by Trader Ily, in OP tokens. The value of OP tokens will be calculated based on market value at the time of distribution.

• Epochs: Weekly rewards epochs begin and end every Monday at 1200 UTC, and continue until all rewards have been distributed.

• Reward Distribution: OP rewards will be claimable from the Rewards Dashboard at the conclusion of each weekly epoch.

For details on how to create or interact with referral links, please see the section in the documentation.

VIP Program

Network: Optimism (other networks TBD)

Action Required: Maintain a minimum 30-day rolling volume to stay in a VIP tier.

Potential Rewards: Fee rebates up to 110% based on volume tiers.

Program Details:

• Tier 0: >$1,000,000 - 10% rebate

• Tier 1: >$10,000,000 - 40% rebate

• Tier 2: >$100,000,000 - 70% rebate

• Tier 3: >$1,000,000,000 - 110% rebate

Rebate Claiming: Traders can claim rebates in real-time, with volume calculated on a 30-day rolling window.

Note: This program is boosted by a $50k monthly grant from Brevis, adding additional OP rewards to the VIP program.

Points Program

Network: All

Action Required: Earn points by trading on Kwenta, with additional bonuses for retroactive trades, whale traders, and end-of-season participation.

Potential Rewards: TBD (bonus EXP and exclusive seasonal rewards are possible).

Program Details:

• Trading: Earn 20 EXP per $1 in trading fees for trades on or after May 23rd, 2024. Retroactive bonus of 40 EXP per $1 in trading fees for Base v3 trades before May 23rd, 2024.

• Perps Whale Bonus: Conduct $1 million+ in historical volume across any supported perps platforms (including GMX, Gains, MUX, Vertex, and Synthetix v2 Perps on Kwenta) and complete $500 in fees during Season 1 to earn an extra 10,000 EXP.

• End-of-Season Bonus: Receive a bonus EXP boost based on your rank at the end of each season.

Proposal: For more information, visit the Points Program Blog and KIP-128.

Note: The program operates in seasons. Your rank resets each season, and new rewards or actions may be introduced. Keep an eye on updates from Kwenta governance and development.

Stay Updated

This blog will serve as a source of truth for rewards, and will be kept up to date as programs launch, expire, or change. Join the Kwenta community to stay informed and maximize your rewards.

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