Hello everyone.
After witnessing the protocol’s entry into a new phase with spot markets, funded markets from Arbitrum (with the successful migration of perpetual markets), UI improvements, Axelar bridge, among others. I believe that just as the team has maintained sustained rewards for LPs, we the community can replicate the 2 most successful games with a duration of 60 days and continue to attract new traders and future holders. From the first and second games, there was an increase in users and all that entails, including new names on the leaderboard. Now that the barriers to entry are lower and we have spot markets (a more complete protocol) thanks to the latest updates, we can attract new users and reward them for using the network. It is imperative to continue to give dynamism to the community that lost interest, reflected in valuable LP funds in the migration to Arbitrum. I hope for your support and views on this proposal, they will be well received.
Games to be carried out:
Traders will be ranked by relative PNL, and can qualify for rewards in 2 categories:
-
Traders that stake at least 1,000 VEGA tokens will be eligible to share a prize pool of 1,000 VEGA each day
-
Traders that hold an average notional position size of 100 USDT in a given epoch will qualify to share a prize pool of 1,000 VEGA each day
Additional details:
- All rewards will be locked for a period of 30 days, after which they will vest at a rate of 25% of the vesting balance each day
- The maximum amount receivable in a trading competition will be capped by the fees paid by each trader in a given epoch at a ratio of 5000:1 (for example, paying $1 in fees will result in rewards being capped at $5000)
- The games are proposed to run for the next 60 epochs, allocating a total budget of 120,000 VEGA to trading competitions starting this month
I am not a coder, this is a modified copy based on the previous game. It would be very helpful if @banks could review it or someone else from the community to make a request without errors.
Full Proposal JSON:
{
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"rationale": {
"title": "Setup Arbitrum trading games using Community Adoption Fund ",
"description": "VGT-3 Setup Arbitrum trading games using CAF"
},
"terms": {
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