Rubicon’s Maker Rewards Program will begin on July 1, 2023 at 12:00 UTC 🔴✨
In total, 80,000 OP will be rewarded to liquidity providers on Rubicon over 3 months.
Every 4 weeks, 26,667 OP will be airdropped to addresses, proportional to their maker volume in the previous epoch. The program will run for an initial 3-month period, with an option to be renewed for two more months if it hits certain benchmarks.
Volume on the following token pairs will be counted for the Maker Program:
WETH/USDC, WETH/DAI, WETH/USDT, OP/USDC, USDC/DAI
RubiconV2_Optimism subgraph will be the source of truth for trading volumes throughout the contest.
Whether you are submitting limit orders through the Rubicon App or placing offers through an automated trading bot, all maker volume will earn rewards! 🥳
The rewards program was initially outlined in Rubicon’s grant proposal on the Optimism Governance forum, with the goal of incentivizing active market makers and liquidity providers, who are essential power users of the protocol. On average, maker addresses place more than 1000 offers, and adjusting for addresses with more than 100 offers, the average jumps to more than 37,000 offers!
A great place to track Volumes is the Leaderboard in the Rubicon App 📈
Visit the docs to learn more about how to start Market Making on Rubicon!
Thanks for reading!
Reach us at contact (at) rubicon (dot) finance
Alea iacta est.
(This post is for educational purposes only. Nothing in it should be construed as financial advice. Do your own research before making investments)