The 6th Epoch of the Perpetuals v2 Trading Rewards Program is Live

Dear Community,

Don’t wait for the perfect moment to trade, make it perpetual! The 6th Epoch of the Perpetuals v2 Trading Rewards Program (in partnership with ApolloX) is now live, don’t miss this opportunity to earn from an epic reward prize pool.

Rewards Program Overview

The details are as follows:

Activity period: 11th July 2023, 00:00 (UTC) - 25th July 2023, 23:59 (UTC)

Reward amount: Capped at $15,000 USD worth of APX per day, please see the rewards calculation formula below for a detailed breakdown.

Activity rules: Users who trade on Perpetuals V2 can earn from a reward prize pool. Note: those who additionally stake APX in ApolloX DAO to obtain veNFT will enjoy boosting multipliers corresponding to the Power value calculated from the veNFT. For more details on ApolloX DAO and veNFT, visit here

Screenshot 2023-07-07 at 3.10.46 AM.png

Rewards Distribution: Each cycle is 00:00 (UTC) to 23:59 (UTC) daily. Rewards are issued on the next day at around 03:00 (UTC). Users have to claim their rewards within 30 days after the rewards are issued. If they do not, the platform will revoke the rewards.

Claiming Rewards: As the trading reward program is hosted by our friends at ApolloX, please proceed with the following steps to claim your reward:

Step 1: Head to our PancakeSwap Perpetuals Page

Step 2: Click the Trading Reward (V2) tab at the top of the page

Screenshot 2023-06-29 at 10.23.18 AM.png

Step 3: You'll be redirected to ApolloX rewards claim page to check your current reward status. Click "Claim" to claim your rewards during the activity period.

Screenshot 2023-06-29 at 10.26.11 AM.png

Trading Rewards Calculation Formula:

At the end of each trading reward cycle, the user’s effective trading fees and staking amount in that cycle will be calculated to determine the weightage and amount of APX rewards. The formula is as follows:

r = R*W / sum(Wi)

Parameters: Screenshot 2023-07-07 at 3.12.23 AM.png

The calculation formula for R is as follows: R=Min(Dollar value multiplier * Trading Fee, Dollar value Cap)/ Max(APX Last Price,APX Price Floor)

  1. Dollar value multiplier: 0.70 this epoch
  2. Trading Fee: Value of previous day’s V2 fee income converted into USD
  3. Dollar Value Cap: 15,000 based on system configuration
  4. APX Last Price: Based on latest APX token price
  5. APX Price Floor: 0.04 this epoch

Terms and Conditions

  1. After the end of each cycle, program rules may be adjusted according to users’ feedback and market conditions. Rewards will be released non-linearly.
  2. During the activity, the platform will reduce the percentage of V2 trading fee income injected into the ALP pool from 50% to 20%. The remaining 30% will be used to repurchase APX.
  3. Due to the difference in trading fees for each trading pair on V2, the rewards users receive may vary even though their effective trading volumes are the same.
  4. The rewards to be distributed for each cycle will be stored in the following contract address: 0x6bE863e01E17A226c945e3629D0D9Cb6E52Ce90E
  5. ApolloX and PancakeSwap reserve the right of final interpretation for this activity.

Disclaimer: Crypto futures trading carries a substantial risk, all trading activities are done at users’ own discretion and own risk. The information here should not be regarded as financial or investment advice from PancakeSwap or ApolloX. PancakeSwap and ApolloX will not be liable for any loss that might arise from your use of perpetuals.

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