Transaction mining is a rewards program that aims to incentivize trading by giving traders fee rebates in the form of PERP rewards.
Perpetual Protocol transaction mining is live.
Claim your rewards now: https://claim.perp.exchange/
Reward early traders with PERP to attract more traders to the system
Distribute PERP into the hands of users
Prevent wash trading
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Weekly reward cap | 150,000 PERP |
Trading fee rebates | For positions open for more than 30 minutes: Full reward For positions open for less than 30 minutes: 1/3 reward |
Reward calculation | Trading fees * 55% Trading fees * 55% Total reward: 110% Note: When total trading fees exceed the weekly reward cap, rewards will be given on a proportional basis. |
Vesting | 1/2 reward has no vesting 1/2 reward is vested 6 months |
Reward calculation period | Every Monday, 6:00 UTC |
Min reward value | 1 PERP (Rewards less than 1 PERP will not be claimable.) |
Use 100 USDC collateral to open ETH long with 5x leverage; fee is 0.50 USDC. Close the position after 35 minutes (assume PnL = 0); fee is 0.50 USDC. Total fees paid are 1.00 USDC. At the end of the week, you can claim PERP worth 1.10 USDC (half unlocked now, half unlocked after 6 months).
Use 100 USDC collateral to open ETH long with 5x leverage; fee is 0.50 USDC. Close the position after 15 minutes (assume PnL = 0); fee is 0.50 USDC. Total fees paid are 1.00 USDC. At the end of the week, you can claim PERP worth 0.36 USDC (half unlocked now, half unlocked after 6 months).
Perpetual Protocol aggregates all the trading fees paid by traders each week.
Each trader is rewarded a USD-denominated value of PERP based on a percentage of their aggregated trading fees.
The rewarded PERP tokens are capped per week. Once the rewarded PERP > the cap, the rewarded PERP will be proportionally distributed to stakers.
Half of the PERP rewards will be locked on-chain for 6 months.
Perpetual Protocol pays each staker by submitting one or more on-chain transactions.
Perpetual Protocol will publish weekly trading stats.