Tonic DEX launches new Aurora Liquidity Incentive Program — Win 60,000 AURORA in rewards!
Another Tonic Liquidity program is here, with 60,000 in rewards. How do you win? Simply provide active liquidity on our order book for AURORA/USDC. The incentive program starts on December 12 and will run for 4 months. 500 AURORA will be distributed daily to the top liquidity providers.
Motivation
Tonic DEX is dedicated to facilitating the mass adoption of DeFi by helping create a better experience for all its users. Lowering the barrier to entry for DeFi requires that decentralized exchanges like ours perform just as smoothly (if not better) than centralized exchanges, while being easy to use.
That’s why we’re launching this 4-month long initiative to encourage sustained liquidity and user growth within the NEAR ecosystem. In order to give traders a better experience, we’re going to be incentivizing behavior that provides active liquidity on the order books.
We’ve even provided some tools to help. The Tonic SDK makes it easy for developers to create their own automated market making strategies to trade with.
How to Participate
- To be eligible, you must be a Greedy Goblin NFT holder. These can be purchased on the Paras Marketplace.
- This program rewards maker orders on the order book. To learn more about maker vs taker orders, see this helpful guide from Binance.
- Daily rewards will be split among all participants proportionally to the percentage of their liquidity provided.
- Liquidity provided closer to mid-market (Top of the order book; Tighter spread) offers a superior user experience for our traders, and will therefore be rewarded more.
- Providing a larger portion of the total liquidity provided will earn you more reward allocation.
Reward Distribution
There will be daily distributed rewards.
AURORA rewards distribution:
- Total Liquidity Incentives: 60,000 AURORA
- Daily Distributed Rewards: 500 AURORA
- Liquidity Program Duration: 4+ months
How to Register (Whitelisting your address)
- Fill in your details using this form
- Make sure the address you register and trade with has a Tonic Greedy Goblin
Summary
- The Aurora Liquidity Program starts December 12, 2022
- There will be a rewards pool of 60,000 AURORA
- 500 AURORA will be distributed daily to the top liquidity providers
- Liquidity provided closer to the mid-market price will be rewarded more favorably
- Make sure you continue to add liquidity to the AURORA/USDC pair before the next daily cycle to maximize your rewards!
Terms and Conditions
- If you did not submit a registration form, your address will not be eligible for rewards
- Daily rewards will be distributed every 24 hours (after 00:00 UTC)
- Tonic DEX reserves the right to modify or cancel this Rewards Program at any time, without notice
- Any behavior that is deemed malicious or not operating within the spirit of the program will be grounds for disqualification
About Tonic
Tonic is a fast, permissionless decentralized exchange built on NEAR. Tonic aims to bring the speed and convenience of centralized exchanges to NEAR while being fully decentralized. Our mission is to build an open protocol for trading on NEAR, owned and operated by the community.
Join the Tonic community:
App
https://perps.tonic.foundation/
NFTs
https://paras.id/collection/nft.greedygoblins.near
Twitter
https://twitter.com/tonicdex
Discord
https://discord.gg/tonicdex
