Trading Fest
Last updated
Last updated
Polynomial is thrilled to announce an 8-week rewards program offering 15,000 $OP tokens per week. This initiative is designed to amplify trades and boost liquidity through attractive incentives for traders and stakers.
Stakers can earn 10,000 OP tokens per week and receive 60% of trading fees, with the current estimated APR around 36-61%. This base reward does not yet include additional bonuses like Polynomial Points, Ethena 5x Stats, and 3x Usual Pills.
After the initial month, the reward structure might be adjusted, though the total pool size will remain consistent. The program is part of Cycle-29 of Superchain grants, with a more comprehensive announcement expected after the first two months.
Rewards are calculated weekly and displayed as estimates in the user interface, with potential variations in final values. Staking rewards will be sent to Sablier and require manual claiming, while trading rewards will be directly airdropped to users' Optimism chain addresses.
Note : Starting from Trading Fest on 28th November '24, both Trading & Staking rewards will be sent to Sablier and will require manual claiming.
In the UI, rewards increase over time until the week ends, distributing 10,000 to the stakers.
For trading, 5,000 OP tokens per week are allocated over the next month, with distribution based on trading volume and factors such as skew balancing.
The OP rewards will be distributed via Sablier. Eligible users can claim their rewards within 30 days after the epoch ends. Any unclaimed rewards will be returned to the treasury and allocated for future rewards.
