🌀 Trading Cycle

Trade & Earn

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 PALM can be withdrawn 7 days afterwards under Trading Cycle in the back office.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=∑w=sf^{0.7}x P^{0.3} = \sum _{w=s}  f0.7xP0.3=w=s∑​
(TWt)x∑w=s≈Reward(\frac{T}{W_t}) x \sum _{w=s}  \approx  Reward(Wt​T​)xw=s∑​≈Reward
Title
Definition
​fff
​
Total fees paid by a trader in a particular Cycle.
​ppp
​
The position size of a trader across all markets in the respective cycle.
​∑w=s\sum _{_w=s} ∑w​=s​
​
The personal trading score
​ttt
​
Total Reward in a particular Cycle
​wtw_twt​
​
Total trading score in the respective cycle

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.

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

Title	Definition
$f$	Total fees paid by a trader in a particular Cycle.
$p$	The position size of a trader across all markets in the respective cycle.
$\sum _{_w=s}$	The personal trading score
$t$	Total Reward in a particular Cycle
$w_t$	Total trading score in the respective cycle

Ecosystem - Previous

🎁 Retroactive Trading

Next - Ecosystem

🚜 Liquidity Farm

Last modified 4mo ago