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  • Here's how Trading Cycles works:
  • Calculation of trading cycles
  1. Ecosystem

πŸŒ€ Trading Cycle

Trade & Earn

Previous🎁 Retroactive TradingNext🚜 Liquidity Farm

Last updated 2 years ago

Trade on Palmswap, earn free tokens. It’s really that easy.

28.9% of the initial token supply (289,000,000 PALM) will be distributed to users who trade on the Palmswap Protocol based on a combination of fees paid and open interest.

Here's how Trading Cycles works:

Step 1
Step 2
Step 3

Choose a market that you would like to trade.

Open a position and increase your trading score.

Track your Trading Rewards in the backoffice.

When will the first Trading Cycle start?

The first Trading Cycle will launch at the same time as Mainnet v1 in April.

Protocol
Total Cycle
Reward (weekly)
Start
Duration

v1

300

201,600 PALM

with mainnet v1

7 days

v2

279

907,200 PALM

with mainnet v2

7 days

The following will happen at the end of Cycle 1:

1. Cycle rewards will be distributed. Rewards can be viewed on Palmswap at "Portfolio".

2. Transfers from PALM will be restricted for the next 7 days after completion of the cycle.

3. PALM can be withdrawn 7 days afterwards under Trading Cycle in the back office.

Is there a waiting period? When can rewards be transferred?

The earned tokens can be transferred after a cycle is finished with a waiting period of 7 days.

Calculation of trading cycles

The following combination of fees paid and the position size determines the PALM rewards.

f0.7xP0.3=βˆ‘w=sf^{0.7}x P^{0.3} = \sum _{w=s} f0.7xP0.3=w=sβˆ‘β€‹
(TWt)xβˆ‘w=sβ‰ˆReward(\frac{T}{W_t}) x \sum _{w=s} \approx Reward(Wt​T​)xw=sβˆ‘β€‹β‰ˆReward
Title
Definition

Total fees paid by a trader in a particular Cycle.

The position size of a trader across all markets in the respective cycle.

The personal trading score

Total Reward in a particular Cycle

Total trading score in the respective cycle

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βˆ‘w=s\sum _{_w=s} βˆ‘w​=s​
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