💰Trading Rewards

Trade & Earn SEI & VRTX rewards by trading on Vertex Edge (Sei).

Vertex Edge (Sei) users can currently earn dual trading rewards in both:

1. SEI

2. VRTX

Check out the section below for more details on the parameters and distribution mechanisms for the ongoing rewards program available to Sei users.

SEI Season 3 Trading Rewards: SEI trading rewards continue with SEI Season 3, available for Sei traders to earn over the next 4 weeks!

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SEI Season 1 – Trading Rewards

Introducing SEI Season 1. Trade on Vertex, earn SEI rewards.

Users can immediately begin earning SEI rewards simply by trading on Vertex Edge (Sei).

Season 1 of the SEI trading rewards lasts for 6 weeks, with a total of 5.1 million SEI tokens are available as rewards to users over that period.

• Total SEI Rewards Available = 5.1 million SEI

• SEI Season 1 Start = Wednesday, August 14th 2024

• SEI Season 1 End = Wednesday, September 25th 2024

• SEI Season 1 Duration = 6 weeks

• SEI Rewards Available per Week = 850K SEI

• Eligibility = Taker-only

• 1 Epoch = 1 Week

Earning SEI rewards throughout Season 1 is simple.

Rewards are calculated based on the trading fees paid by participants (takers-only), with a maximum of 75% of the taker fee paid returned as SEI rewards.

For example, if Alice pays $100 in taker fees on Vertex Edge (Sei) in a given 1-week epoch, Alice can earn up to $75 in SEI rewards for that week.

A taker order qualifies as any order that immediately crosses the book and takes liquidity, such as filled market orders.

Limit orders are not mutually exclusive with taker orders either.

For example, a trader might place a limit order that does not immediately match any existing orders, adding liquidity to the market. Later, the same trader might execute a market order or a limit order that matches an existing order, taking liquidity and acting as a taker.

For more details on Vertex’s trading fee model, please refer to the section here.

Trade & Earn on Sei

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SEI Season 2 -- Trading Rewards

Introducing SEI Season 2. Trade on Vertex, earn SEI rewards.

Starting on Wednesday, September 25th 2024, Sei users can immediately begin earning SEI rewards simply by trading on Vertex Edge (Sei). Season 2 is a continuation of Season 1, with another pool of SEI rewards totaling 3 million $SEI tokens up for grabs!

SEI Season 2 details include:

• Total SEI Rewards Available = 3 million SEI

• SEI Season 2 Start = Wednesday, September 25th 2024

• SEI Season 2 End = Wednesday, October 23rd 2024

• SEI Season 2 Duration = 4 weeks

• SEI Rewards Available per Week = 750k SEI

• Eligibility = Taker-only

• 1 Epoch = 1 Week

Earning SEI rewards throughout Season 2 is simple.

Rewards are calculated based on the trading fees paid by participants (takers-only), with a maximum of 75% of the taker fee paid returned as SEI rewards.

For example, if Alice pays $100 in taker fees on Vertex Edge (Sei) in a given 1-week epoch, Alice can earn up to $75 in SEI rewards for that week.

A taker order qualifies as any order that immediately crosses the book and takes liquidity, such as filled market orders.

Limit orders are not mutually exclusive with taker orders either.

For example, a trader might place a limit order that does not immediately match any existing orders, adding liquidity to the market. Later, the same trader might execute a market order or a limit order that matches an existing order, taking liquidity and acting as a taker.

For more details on Vertex’s trading fee model, please refer to the section here.

Trade & Earn on Sei

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SEI Season 3 -- Trading Rewards

Introducing SEI Season 3. Trade on Vertex, earn $SEI rewards.

Starting on Wednesday, October 23rd 2024, Sei users can immediately begin earning SEI rewards simply by trading on Vertex Edge (Sei). Season 3 is a continuation of Season 2, with another pool of SEI rewards totaling 2 million $SEI tokens up for grabs!

SEI Season 3 details include:

• Total SEI Rewards Available = 2 million SEI

• SEI Season 3 Start = Wednesday, October 23rd 2024

• SEI Season 3 End = Wednesday, November 20th 2024

• SEI Season 3 Duration = 4 weeks

• SEI Rewards Available per Week = 500,000 SEI

• Eligibility = Taker-only

• 1 Epoch = 1 Week

Earning SEI rewards throughout Season 3 is simple.

Rewards are calculated based on the trading fees paid by participants (takers-only), with a maximum of 75% of the taker fee paid returned as SEI rewards.

For example, if Alice pays $100 in taker fees on Vertex Edge (Sei) in a given 1-week epoch, Alice can earn up to $75 in SEI rewards for that week.

A taker order qualifies as any order that immediately crosses the book and takes liquidity, such as filled market orders.

Limit orders are not mutually exclusive with taker orders either.

For example, a trader might place a limit order that does not immediately match any existing orders, adding liquidity to the market. Later, the same trader might execute a market order or a limit order that matches an existing order, taking liquidity and acting as a taker.

For more details on Vertex’s trading fee model, please refer to the section here.

Trade & Earn on Sei

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SEI Season 4 -- Trading Rewards

Welcome to SEI Season 4! Trade on Vertex, earn $SEI rewards.

Starting on Wednesday, November 20th, 2024, Sei users can immediately begin earning SEI rewards simply by trading on Vertex Edge (Sei). Season 4 is a continuation of Season 3, with another pool of SEI rewards totaling 2.1 million $SEI tokens up for grabs!

SEI Season 4 details include:

• Total SEI Rewards Available = 2.1 million SEI

• SEI Season 4 Start = Wednesday, November 20th, 2024

• SEI Season 4 End = Wednesday, December 18th, 2024

• SEI Season 4 Duration = 4 weeks

• SEI Rewards Available Per Week = 525,000 SEI

The total amount of $SEI tokens available in Season 4 are split between makers and takers as follows:

Takers

• Total SEI Rewards Available = 1.7 million SEI

• SEI Rewards Available Per Week = 425,000 SEI

• Eligibility = Any taker traders.

• Mechanism = Rewards are capped at 75% of taker fees spent. For example, if you pay $100 in taker fees during a week, you could earn up to $75 in SEI rewards.

A single wallet cannot earn more than 20% of the overall $SEI rewards.

Makers

• Total SEI Rewards Available = 400,000 SEI

• SEI Rewards Available per Week = 100,000 SEI

• Eligibility & Mechanism = Maker rewards will be distributed using the Q-score function here.

Only BTC and ETH markets are eligible for rewards to makers, with available rewards split of 50 / 50 between the two markets.

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Sei Season 5 — Trading Rewards

Introducing SEI Season 5. Trade on Vertex, earn $SEI rewards.

Starting on Wednesday, December 18th 2024, Sei users can immediately begin earning SEI rewards simply by trading on Vertex Edge. Season 5 is a continuation of Season 4, with another pool of SEI rewards totaling 2.1 million $SEI tokens up for grabs!

SEI Season 5 details include:

• Total SEI Rewards Available = 2.1 million SEI

• SEI Season 5 Start = Wednesday, December 18th, 2024

• SEI Season 5 End = Wednesday, January 15th, 2025

• SEI Season 5 Duration = 4 weeks

• SEI Rewards Available Per Week = 525,000 SEI

The total amount of $SEI tokens available in Season 5 are split between makers and takers as follows:

Takers

• Total SEI Rewards Available = 1.4 million SEI

• SEI Rewards Available Per Week = 350,000 SEI

• Eligibility = Any taker traders.

• Mechanism = Rewards are capped at 75% of taker fees spent. For example, if you pay $100 in taker fees during a week, you could earn up to $75 in SEI rewards.

A single wallet cannot earn more than 20% of the overall $SEI rewards.

Makers

• Total SEI Rewards Available = 700,000 SEI

• SEI Rewards Available per Week = 175,000 SEI

• Eligibility & Mechanism = Top 5 Market Makers by volume will get a share of the 175,000 SEI weekly pool according to share of volume -- up to 1 bps maker rebate.

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Sei Season 6 — Trading Rewards

Introducing SEI Season 6. Trade on Vertex, earn $SEI rewards.

Starting on Wednesday, January 15th 2025, Sei users can immediately begin earning SEI rewards simply by trading on Vertex Edge. Season 6 is a continuation of Season 5, with another pool of SEI rewards totaling 2.1 million $SEI tokens up for grabs!

SEI Season 6 details include:

• Total SEI Rewards Available = 2.1 million SEI

• SEI Season 6 Start = Wednesday, January 15th 2025

• SEI Season 6 End = Wednesday, February 12th 2025

• SEI Season 6 Duration = 4 weeks

• SEI Rewards Available Per Week = 525,000 SEI

The total amount of $SEI tokens available in Season 6 are split between makers and takers as follows:

Takers

• Total SEI Rewards Available = 1.4 million SEI

• SEI Rewards Available Per Week = 350,000 SEI

• Eligibility = Any taker traders.

• Mechanism = Rewards are capped at 75% of taker fees spent. For example, if you pay $100 in taker fees during a week, you could earn up to $75 in SEI rewards.

Wallet Cap: No single wallet can claim more than 20% of the total taker rewards.

Makers

• Total SEI Rewards Available = 700,000 SEI

• SEI Rewards Available per Week = 175,000 SEI

• Eligibility & Mechanism:

  • Weekly rewards are distributed proportionally to the trading volume of the top 5 MMs.

  • Rewards are capped at 1 basis point (bps) of maker rebate.

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SEI Season 7 — Trading Rewards

The SEI Season 7 trading rewards program on Vertex Edge (Sei) has been extended to further incentivize market makers with $SEI rewards. This program runs on a weekly cycle, with rewards distributed exclusively to makers on Vertex on Sei Network.

SEI Season 7 Extension Details:

• Start Date: Wednesday, March 26th 2025

• End Date: Wednesday, April 23rd 2025

• Duration: 4 weeks (extended)

• Total SEI Rewards Available: 700,000 SEI

• Weekly SEI Rewards Pool: 175,000 SEI

Eligibility & Mechanism

• Reward Type: Maker-only

• Reward Cap: Rewards are capped at 1 basis point (bps) of maker rebate.

• Distribution: Rewards are calculated and distributed weekly, aligning with the program's cycle.

How It Works

• Maker-Only Focus: Rewards are reserved for maker orders—those adding liquidity to the Vertex Edge (Sei) orderbook.

• Reward Cap: Earn up to 1 basis point (0.01%) of your maker volume as a rebate, paid in $SEI. For example, $10,000 in maker volume could net you $1 in $SEI rewards, scaled to the weekly pool.

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SEI Season 8 — Trading Rewards

Welcome to SEI Season 8! Trade on Vertex Edge (Sei) and earn $SEI rewards.

Starting on Wednesday, April 23rd 2025, Sei users can immediately begin earning $SEI rewards by providing maker liquidity on Vertex Edge (Sei).

Season 8 Details:

• Start Date: April 23rd, 2025

• End Date: May 21st, 2025

• Duration: 4 weeks

• Total SEI Rewards Available: 1,000,000 SEI tokens

• Weekly SEI Rewards Available: 250,000 SEI tokens

Eligibility & Mechanism:

• Maker-Only Rewards: Rewards are exclusively available for maker orders – those adding liquidity to the Vertex Edge (Sei) orderbook.

• Reward Cap: Rewards are capped at 1 basis point (0.01%) of the maker rebate per order. For example, if a trader provides $100,000 in maker volume in a given week, the maximum $SEI reward for that week would be calculated based on the equivalent of a 1 bps rebate on the notional value of the maker volume.

• Distribution: Rewards are calculated weekly based on the total maker volume contributed by eligible participants. The 250,000 SEI tokens per week are distributed proportionally to makers based on their share of the total maker volume during the epoch.

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VRTX Trading Rewards

Sei users can also earn VRTX rewards by trading on Vertex Edge (Sei) as both a maker and taker.

The rewards for VRTX are part of the Ongoing Incentives Phase of the Vertex Trade & Earn program.

Similar to the SEI Season Incentives program, users can earn VRTX by trading on Vertex Edge (Sei) throughout the duration of the VRTX Rewards Program.

VRTX Rewards for Sei users are available to both:

• Takers

• Makers

VRTX Rewards – Takers

The pool of VRTX incentives is split and distributed proportionally to traders based on their taker fees paid. VRTX rewards are then split between 6 chains supported by Vertex Edge, including:

• Arbitrum

• Mantle

• Sei

• Base

• Sonic

• Abstract

• Avalanche

The amount of VRTX allocated to users is determined by a dynamic reward distribution mechanism across all supported Vertex Edge instances. The parameters are as follows:

• Total Reward Pool: There is a total amount of VRTX tokens allocated for rewards for each epoch (~28 days) of the VRTX Trade & Earn program. Rewards are then split between the chains supported by Edge.

• Dynamic Reward Allocation: The distribution of rewards is dynamically adjusted based on the activity and performance metrics of each chain. Examples:

  • More taker activity on Sei = More VRTX taker rewards on Sei.

  • More maker activity on Sei = More VRTX maker rewards on Sei.

• Incentivize Modulation: This method aims to balance incentives across both chains, encouraging active participation and liquidity provision where it is most needed.

For a full breakdown of Vertex Edge’s cross-chain fee sharing and rewards model, please refer to the section here.

Please Note: Sei users with VRTX rewards will need to use the “Chain Switcher” on the Vertex app to claim their VRTX on the Arbitrum version of Vertex Edge.

To claim your VRTX rewards from SEI, simply navigate to the "Chain Switcher" in the top-right of the Vertex app and switch to Arbitrum.

The Vertex Chain-Switcher Feature

Your pending VRTX rewards will be available under the "Rewards Page" of the Vertex (Arbitrum) app.

VRTX Rewards – Makers

Makers that qualify for the Vertex Maker Program can begin immediately earning VRTX rewards as part of the Trade & Earn program on Vertex Edge (Sei) as well.

The Vertex Maker Program is a rebate-based trading fee incentive program for price makers that contribute in excess of 0.25% of maker volume in a given epoch.

Maker Rebates

The Maker Program offers VRTX token incentives allocated to a scoring function that prioritizes:

• Market Support

• Uptime

• Fees

The scoring function is as follows:

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).

***Please Note:

• The Rewards Page on Vertex (Arbitrum) will show Arbitrum-only VRTX rewards but will be the single location for users to claim rewards across all chains supported by Edge.

• The Rewards Page on Sei will display VRTX rewards specific to that chain.