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Rewards Summary
Rewards and incentives are offered to Palmswap Exchange holders, stakers and traders through various methods.
The fees generated from the perpetual exchange are split according to:
- 1.60% in USDT-> to PLP staker
- 2.30% in USDT-> to PALM staker
- 3.10% in USDT -> to Buyback and Burn of PALM
These rewards can be claimed at any time.
Additional inflow for the PLP Liquidity Pool
- 1.Traders realized losses/gains
- 2.Borrow fees (hourly)
- 3.Liquidation fees
- 4.Mint and Burn fees for PLP
These rewards cannot be claimed, they go into the liquidity pool (PLP) to increase and reinforce the price of the PLP.
Traders are rewarded with PALM tokens every epoch, an epoch runs for 24 hours and afterwards traders can claim their tokens.
- Epoch 1-30-> 500,000 PALM daily
- Epoch 31-365-> 223,880 PALM daily
Last modified 25d ago