The TLX $OP rewards program is now live! Starting today, every trade on TLX is eligible to earn OP rewards. Before getting started, read this article to learn key details and how to maximize your rewards 🔴✨

Incentives

50,000 OP will be distributed to TLX users over the next 5 weeks. Any user who mints, redeems, or holds TLX leveraged tokens from now until December 16th will earn OP.

The amount of OP an individual user receives is driven by their share of the total trading volume for each epoch. For example, if there is a total of $1m notional trading volume in the first epoch, we can estimate that users would earn 1 OP for every $100 in notional trading volume. A dashboard has been built for users to check their estimated OP rewards for each epoch. Go to tlxstats.com/op_rewards and search your address to check your estimated rewards.

At the end of each epoch, rewards are directly distributed to all eligible users. There is no need to claim!

Details

• All TLX leveraged tokens earn OP at the same rate. Which asset you choose to long or short does not matter. Remember, rewards are based on notional volume not nominal!

• The amount of OP each user receives is derived from their share of total fees for each epoch. This is mostly a function of volume but also considers open interest. To learn more about fees, refer to the docs.

• The first epoch starts on Monday, November 11th at 15:00 UTC. Each epoch is 1 week long and rewards are distributed on the day after each epoch ends (the first distribution will occur on November 19th).

• 10,000 OP will be distributed each epoch. There will be 5 epochs in total with the last one ending on December 16th.

For questions, reach out to the community on Discord.