Transaction Mining
Perpetual Protocol transaction mining has ended. Claims can still be made here.
Do you have ideas for an improved Tx Mining Stage 2? Come to our Discord!
Transaction mining is a rewards program that aims to incentivize trading by giving traders fee rebates in the form of PERP rewards.
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.