Benefits for Conduit Traders!
Synthetix has approved its SIP-2003 regarding Perps V2 Trading Incentives in the past few weeks. Guess how much rewards are on the cards anon?
Here's the TL;DR version of SIP-2003:
Allocate 200,000 OP in weekly Perps v2 trading rewards for 17 weeks after a three week ramping period.
^ This translates to a whopping USD 428,000! *As of today's price
The perps v2 contracts have now been live on Optimism for over a month. While the mechanism requires some improvements, which are already planned, incentivizing activity can help bootstrap an active market that is healthy for the network. This SIP proposes to allocate OP held by the Treasury Council to a rewards program for perps v2. OP rewards will be distributed weekly across integration UI’s via a Merkle drop on Optimism.
With new markets launching and updates to the Perps V2 contract in progress, now is an appropriate time to deploy these funds to drive volume to the protocol and support active perps v2 markets.
What Does It Mean For Traders on Conduit?
Conduit is the front end for Synthetix Perps V2 and guess what peeeeeooople! You guys will be eligible for the OP rewards!
We aim to improve the overall trading experience and drive additional robust volume for Synthetix on Optimism.
Did we already mention YOU GET THE REWARDS JUST BY TRADING ON CONDUIT?!
Note: Trading incentives involve a basic formula to compute trader scores for users on a weekly basis, as well as a means for distributing rewards to users.
Conduit beta testing coming soon for OG + Ambassadors.