Maker Incentives

nftperp's maker incentives are designed to bootstrap deep, healthy, and productive liquidity to the DLOB. Rewards per epoch vary based on the total volume processed by nftperp across all chains along with a gradual dropoff in rewards as the protocol matures. Below you can find a visualization of rewards based on these factors.

As shown in the graphic above, rewards are the greatest in the early months as a percent of the total supply. These rewards can increase by multiples as the protocol reaches a greater total daily volume number, capping at 20,000 ETH.

These incentives are only directed to limit orders that sit on the DLOB and reward based on three main criteria:

• Distance to mark price: An order must be within ±4% of mark price (total 8% spread) in order to earn rewards. Orders that are closer receive exponentially greater rewards

• Uptime: The amount of time an order spends in this range increases the amount of rewards that order receives

• Volume: Getting filled on an order after it has been in range for some time and creating volume provides a significant boost in rewards

These three factors greatly affect the rewards an order will receive. An order is poised to earn the most rewards if it scores highly across all three categories. A leaderboard can be found on the airdrop page with a "Score" variable. There are 100 points in total across all participants on the leaderboard - this number updates hourly and helps to paint a picture of your performance in the current epoch.

Mafia Nuts Stakers and Referred users also receive a 10% boost on their incentives.

Rewards are distributed across pairs based on volume with one notable caveat:

• More volatile pairs receive greater rewards (with volatility updating daily)

If you are interested in optimizing your performance as a maker, open a ticket in Discord. Our developers will be happy to help you set up and/or optimize your bots.