Polkamarkets Labs created this reward program as a test-bed for Automated Protocol Rewards.
Prizes are awarded weekly to the wallets with most activity on the Protocol, on both Moonbeam and Moonriver, according to the following criteria:
Top Gross Volume Makers, per chain: the top 3 wallets with the most trading volume (buy/sell positions, add/remove liquidity) weekly, receive
250 $POLK each.Top Net Traders, per chain: the top 3 wallets with the most net trading volume (buy-sell outcome positions) weekly, receive
500 $POLK each.Top Net Liquidity Providers, per chain: the top 3 wallets with the most net liquidity provision volume (add — remove liquidity positions) weekly, receive
500 $POLK each.Top Market Creators, per chain: the top 3 wallets with the most markets created weekly, that have at least 3 more upvotes than downvotes, receive
250 $POLK each.Top Market Upvoters, per chain: Top 10 wallets with the most upvotes on verified markets receive
50 $POLK each.Top Market Downvoters, per chain: Top 10 wallets with the most downvotes on unverified markets receive
50 $POLK each.Top Oracles, per chain: the top 5 wallets that correctly resolved the most markets weekly, receive
100 $POLK each.
Polkamarkets Labs uses an off-chain script to determine the winning addresses every Friday.
Winner announcements
The winners are announced weekly, usually on Friday, through the official channels, so make sure you follow them:
Rewards are distributed within two business days of the winner announcement.
Prize pool funding
The prize pool is funded from the Polkamarkets Labs Marketing Fund, as detailed in the $POLK tokenomics and distribution schedule.
The table below summarises the total rewards budget for this program. The amounts are per chain, so the total reward pool is double the amounts listed.
Activity and Prize attribution are computed independently for activity on Moonbeam and Moonriver (eg. one single wallet could qualify for rewards on both networks based on its activity on each network).
Reward type | Weekly | Monthly | Quarterly |
Top Gross Volume Makers | 750 | 3 000 | 9 000 |
Top Net Traders | 1 500 | 6 000 | 18 000 |
Top Net Liquidity Providers | 1 500 | 6 000 | 18 000 |
Top Market Creators | 750 | 3 000 | 9 000 |
Top Market Upvoters | 500 | 2 000 | 6 000 |
Top Market Downvoters | 500 | 2 000 | 6 000 |
Top Oracles | 500 | 2 000 | 6 000 |
Total | 6 000 | 24 000 | 72 000 |
Feedback
You’re welcome to join the Polkamarkets community in Discord to provide feedback and ideas.
Changelog
October 28, 2022: The rewards scheme was updated following the release of the on-chain market curation feature.