Trading Incentives: Lyra V2's Ignition

TLDR

Lyra Finance V2 introduces a focused trading incentives program:

• Distribute 150,000,000 LYRA to drive user engagement and protocol adoption.
• Rewards based on trading volume and fees, structured over 96 epochs.
• Distribution and claiming will be on Lyra chain.
• 15% of taker rewards will be allocated to growth experiments (e.g. Trading competitions).

Incentives Program Schedule

Rewards are finalized at the end of each 7-day epoch, with the total 150,000,000 LYRA distributed across the 24-month period. The distribution begins with 1,250,000 LYRA for each of the first four epochs, increasing incrementally in subsequent epochs. The peak distribution reaches 2,500,000 LYRA per epoch from the 9th to the 24th epoch, after which it gradually decreases.

Incentives Program Calculation

How Do I Maximize Rewards? It’s simple.

• Trade more options
• Trade more perps
• Generate more fees

Incentives Program Distribution and Claiming

Participants can claim their rewards on the Lyra chain, either through smart contracts or directly via the user interface (UI). Earned LYRA rewards are disbursed at each epoch's conclusion, with a special provision during the "launch season" where all rewards are distributed at the end of the 12th epoch.

Growth Experiments

Growth Experiments in the Lyra Finance V2 ecosystem are allocated 15% of each epoch's taker rewards. These tokens support specific initiatives aimed at increasing platform engagement and attracting new users:

• Trading competitions
• Referral programs
• Retroactive Airdrops

This allocation directly contributes to the execution of these growth-focused activities.

Incentives Rules Criteria and Disclaimer

Eligibility is restricted to individuals residing in jurisdictions where trading on Lyra is permitted under our terms of use. It's important to note that individuals from jurisdictions identified as restricted in our terms of use are not eligible to participate in this program.

The storm provides ⚡ ⛈️ 🌪️