We are excited to announce an 8-week plan of 15K $OP per week
📈 Trade to earn $OP rewards on every trade while you stack trading points.
🟢 Deposit into the Liquidity Layer and earn $OP on top of real yield, partner protocol points and points.
Recently, we crossed 4M+ in TVL for staking, up from 2M before the rewards were announced, representing a 300% month-over-month increase in deposits for staking. Trading volumes have now reached 134M, showing a remarkable 200% month-over-month increase in volume, an 80% month-over-month increase in trades, and a 36% month-over-month increase in the number of traders.
These metrics clearly indicate that the rewards program is driving exceptional growth for the protocol. In response to this success, we've decided to double down on our trading rewards, increasing them from 2.5K OP to 5K OP, while maintaining the staking rewards at 10K OP as the current APR remains high. You can find more detailed data at this link: https://polynomial.streamlit.app/
Program details
Stakers can earn 10,000 OP tokens and receive 60% of trading fees, with the current estimated APR around 36-61%.
This base reward does not yet include additional bonuses like Polynomial Points, Ethena 5x Stats, and 3x Usual Pills.
For trading, 5,000 OP tokens are allocated over the next month, with distribution based on trading volume and factors such as skew balancing.
After the initial month, the reward structure might be adjusted, though the total pool size will remain consistent. The program will be extended with Cycle-29 of Superchain grants of 450K OP, with a more comprehensive announcement expected after the first two months.
https://x.com/PolynomialFi/status/1854873252486955143
Rewards are calculated weekly and displayed as estimates in the user interface, with potential variations in final values. Staking rewards will be sent to Sablier and require manual claiming, while trading rewards will be directly airdropped to users' Optimism chain addresses.
If you have any questions, please join our Discord.
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