From the 18th of July and in partnership with Project Serum, each week for 8 weeks a 50,000 SRM pool will be used to reward traders that contribute the most volume or attain the highest P&L in Serum markets supported by Mango.
Leaderboards updating regularly are available at https://mangolorians.com/competitions.
Volume-based pool
40,000 SRM, split 50/50 across maker and taker (20,000 SRM each) will be awarded distributively to those Mango accounts contributing 1% or more of either volume type.
P&L based pool
10,000 SRM will be distributed across the top 10 traders by P&L. All of these will get a base 500 SRM reward; first place gets an additional 2,500 SRM, 1,500 go to the second and 500 to the third. A random draw will be cast for the remaining 500 SRM.
Timelines
The first pool will run from 2022-07-18 00:00:00 UTC to 2022-07-25 00:00:00 UTC. After that a new pool will run each week for eight weeks. Preliminary results will be announced every Monday.
FAQ
- How does one sign up to the competiton?
No need to sign up, anyone can participate just by trading.
- When and how will the rewards be paid?
Tentatively every Monday, after a DAO vote.