Trading and Lending Rewards
Last updated
Last updated
To incentivize market liquidity and trading volume on Levex, we will distribute $LVX rewards to traders and lenders based on participation. Any active address can earn $LVX rewards and will be accumulated to your rewards balance when participating in specific trading and lending pools.
Members who open positions during the epoch will be awarded the corresponding $LVX rewards to cover their trading costs.
Covered costs will include the DEX LP fee, Levex fee, and slippage. Traders can participate by margin trading any valid pair. Trading rewards are distributed to traders who long or short a rewarded pair.
Each trading reward will be calculated by the following formula:
Please note that the minimum duration between the opening and closing of each trade must be greater than 5 minutes in order to receive LVX trading rewards.
Please note that the minimum duration between the opening and closing of each trade must be greater than 5 minutes in order to receive LVX trading rewards.
Epochs last 21 days and are divided into 7 trading phases with their own dilution. The trading rewards dilution mechanism will be every 3 days. At every phase, the dilution ratio will be 1 and as more users trade, the dilution mechanism would be activated. Traders will keep rewards earned per trading phase. The sum of the 7 trading phases will be rewarded to traders. diluted rewards = undiluted reward * (set rewards pool amount / earned total rewards)
For example: Alice executes a trade and earns 1,000 LVX in phase 1 with no dilution. She does the same trade and earns 1,000 LVX, but at the end of the phase, the dilution was 0.5, earning her 500 LVX. She executes the same trade and earns 1,000 LVX in phase 3 with no dilution. In the end, Alice earned 2,500 LVX: 1,000 + 500 + 1,000.
Staking LVX-USDC LP will qualify users for accelerated trading rewards. The greater the LP amount and the longer the pledge time, the more accelerated rewards can be earned. The maximum acceleration ratio is 20% of the original reward. The calculations are shown below:
