The GRVT Liquidity Provider Reward Program is one of the main post-launch incentive programs for the GRVT community. Quote ask or bid orders to earn Liquidity Provider (LP) Points. Get higher points by quoting tighter within depth limits and watch your rewards grow. Note that this pool requires you to apply as a Liquidity Provider.

The rewards are based on points earned by provide liquidity and executing both buy and sell orders. Earn more Liquidity Provider points by maintaining tight bid-ask spreads within a defined maximum market depth. Tokens are awarded based on your relative Liquidity Provider points.

The Liquidity Reward pool contains 4.5 % of total GRVT tokens, distributed within the first 18 months post-launch, starting with Epoch 1.

Reach out to [email protected] to apply.

Note: Calculations over accrued Liquidity Provider (LP) points will begin at the start of the month 00:00 UTC and last until the end of the month 00:00 UTC. We will take a snapshot on a monthly basis.

Sum of all LP points across all Underlying (e.g., BTC perp, ETH perp, SOL perp, etc.)

Sum of Liquidity Points over a month multiplied by the Market Share Multiplier

Note: A snapshot is taken every minute. We take the sum of the points over the snapshots, calculating from the start of the month (0:00 UTC) to the end of the month (0:00 UTC).

Sum of your Ask Score and Bid Score multiplied by the Underlying Multiplier

Important Note: regarding the AskScore (BidScore), we only consider the quotes (from the best price to the worst) with cumulative sum of USDT notional cut by a “Depth Cutoff” (cutoff values subject to change):

The Price Spread is configurable.

Exception is if there is no bid in the orderbook, then we will use the best ask instead.

Exception is that if there is no ask in the orderbook, then we will use the best bid instead.

The Target Spread can be subjected to change:

USDT notional of the quote. If the cumulative sum of USDT notional of all quotes exceeds the Depth Cutoff, then per the last quote involved, only a partial of the notional will be considered.

For example, if:

Then both of bid 1 and bid 2 will be considered in the above calculation, but for bid 3, only a portion (i.e., Depth Cutoff - Bid 1 Size - Bid 2 Size) will be involved.

Depth Score for bid 1 and bid 2 are their USDT notional respectively.

For bid 3, the Depth Score would be calculated as:

Fast Market Multiplier incentivizes maker quotes during volatile markets, categorized as BID FastMarket or ASK FastMarket.

These conditions are based on a x% cutoff based HIGH LOW range within 2 hours, signaling significant market movements either upwards (ASK FastMarket) or downwards (BID FastMarket), where x depends on the coin’s Category, as follows:

During a BID FastMarket, each BID SpreadScore and DepthScore is multiplied by 100x.

During an ASK FastMarket, each ASK SpreadScore and DepthScore is multiplied by 100x.

Note:

For the Maker Volume Market Share of each market maker, we will: