The New Optimism Trading Incentive Plan: A Comprehensive Overview of Synthetix Perps

04/18/2023 00:07 • Tech Trends • 88 views

On April 18th, it was announced that Synthetix Perps has launched the Optimism trading incentive plan. After a three week improvement period, Synthetix Perps can receive a weekly trading reward of up to 200000 OPs: 50000 OPs in the first week, 100000 OPs in the second to third weeks, and 200000 OPs in the fourth to twentieth weeks.

Synthetix Perps has launched Optimism Trading Incentive Plan

Are you interested in trading with Synthetix Perps? If so, you might want to know more about the exciting new Optimism trading incentive plan. In this article, we will provide you with a detailed overview of the plan and explain how it works.

What Is Synthetix Perps?

Before diving into the Optimism trading incentive plan, it is important to understand what Synthetix Perps is. Synthetix Perps is a decentralized derivatives platform that allows users to trade synthetic assets. Synthetic assets are financial assets that replicate the value of other assets or indices, such as stocks, commodities, and cryptocurrencies. Synthetix Perps is built on the Ethereum blockchain and uses smart contracts to facilitate decentralized trading.

What Is the Optimism Trading Incentive Plan?

On April 18th, Synthetix Perps announced the launch of the Optimism trading incentive plan. The plan is designed to encourage users to trade with the platform and provide liquidity to the market.
Under the plan, Synthetix Perps users can receive a weekly trading reward of up to 200,000 OPs (Optimism tokens). The reward is divided into four phases:
– In the first week, users can receive 50,000 OPs
– In the second and third weeks, users can receive 100,000 OPs
– In the fourth to twentieth weeks, users can receive 200,000 OPs
To be eligible for the trading reward, users must meet certain criteria. They must have completed at least one trade on the platform in the previous seven days and have a minimum of 1000 sUSD (Synthetix’s stablecoin) in their wallet.

How Does the Plan Work?

The Optimism trading incentive plan is designed to provide rewards to active traders and incentivize them to provide liquidity to the market. By offering trading rewards, Synthetix Perps hopes to increase trading volume on the platform and attract new users.
To receive the trading reward, users must complete at least one trade on the platform in the previous seven days. The reward is calculated based on the user’s total trading volume during the week, with a maximum reward of 200,000 OPs per week.
The reward is distributed at the end of each week, and users can view their rewards in their wallet. The reward is denominated in OPs, which can be used to pay trading fees on the platform or traded on decentralized exchanges.

Conclusion

The new Optimism trading incentive plan is an exciting development for Synthetix Perps users. The plan offers generous trading rewards and incentivizes users to provide liquidity to the market. By participating in the plan, traders can earn OPs and contribute to the growth of the platform.

FAQs

**Q1. How can I participate in the Optimism trading incentive plan?**
To participate in the plan, you must have a Synthetix Perps account and complete at least one trade on the platform in the previous seven days. You must also have a minimum of 1000 sUSD in your wallet.
**Q2. How are the weekly rewards calculated?**
The weekly rewards are calculated based on your total trading volume during the week. The maximum reward is 200,000 OPs per week.
**Q3. What can I do with the OPs that I earn?**
You can use the OPs to pay trading fees on the Synthetix Perps platform or trade them on decentralized exchanges.

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