Trading Rewards
Trade & Earn VRTX & MNT rewards by trading on Vertex (Mantle).
Last updated
Trade & Earn VRTX & MNT rewards by trading on Vertex (Mantle).
Last updated
Vertex on Mantle users can currently earn dual trading rewards in MNT and VRTX.
The parameters and distribution mechanism for both MNT and VRTX reward programs are detailed in the sections below.
VRTX Trading Rewards are now available on Vertex (Mantle) as well as Vertex (Arbitrum).
For a full breakdown of the Vertex Trade & Earn program, please refer to the docs section .
Please note that updated VRTX reward weightings are based on the following overview and calculations below.
Each of the Arbitrum and Mantle instances for Vertex Edge have their own market specs and maker reward weights to support each blockchain’s native economy.
Total Reward Pool: There is a total amount of VRTX tokens allocated for rewards for each epoch (~28 days), which is then split between the EVM chains supported by Edge.
Dynamic Reward Allocation: The distribution of rewards is dynamically adjusted based on the activity and performance metrics of each chain.
Incentivization: This method aims to balance incentives across both chains, encouraging active participation and liquidity provision where it is most needed.
Examples:
More maker activity on Arbitrum via Edge = More VRTX maker rewards on Arbitrum.
More taker activity on Mantle via Edge = More VRTX taker rewards on Mantle.
VRTX Maker Rewards
X VRTX will be given to makers on Arbitrum.
Total / 2 - X VRTX will be given to makers on Mantle.
Maker Rewards Calculations:
X / (Total /2 - X) = sum(q_score, across products on Arbitrum) / sum(q_score, across products on Mantle)
VRTX Taker Rewards
Y VRTX will be given to takers on Arbitrum.
Total / 2 - Y VRTX will be given to takers on Mantle.
Taker Rewards Calculations:
Y / (Total / 2 - Y) = Total Taker Fees on Arbitrum / Total Taker Fees on Mantle
The minimum depth and maximum spreads per market are as follows:
Depth:
$25K for stables.
$15K for core markets (BTC & ETH & SOL).
$5K for alt markets (non-BTC, ETH & SOL).
Spreads:
10 bps for stables.
20 bps for core markets (BTC, ETH & SOL).
40 bps for alt markets (non-BTC, ETH & SOL).
Mantle users of Vertex Edge can immediately begin earning VRTX rewards by trading on the Mantle instance.
However, VRTX trading rewards are only claimable on Vertex (Arbitrum). Mantle users will be able to claim their first VRTX trading rewards the week after the Vertex on Mantle launch.
If you're trading on Vertex (Mantle), to claim your VRTX, simply:
-> Navigate to the [Earn] tab on the top navigation bar of the app.
-> Click on the [Switch to Arbitrum One] button.
-> You'll be prompted to switch networks directly in your wallet.
-> Claim your VRTX directly from the [Earn] page of the Vertex (Arbitrum) app during the next Epoch's claim period.
It's that easy, anon.
