Participants can use CAKE, USDT and APX for trading fees and the rewards distributed will be based on the formula, calculated using their trading fees contributions (incl. APX/CAKE used) and APX locked amounts for each day. The default asset for the trading fees deduction is APX or CAKE.
Note: The unlocked APX in the DEX futures account will be used for trading fees automatically. If users would like to use APX or CAKE for trading fees, they need to transfer the APX or CAKE into DEX futures account.
- Amount of APX = USDT Trading Fees / APXUSDT Index Price;
- The max value of APX that can be used for trading fees is 0.5 USDT. This means even when the APXUSDT Index Price is greater than 0.5 USDT, the amount of APX used will be calculated based on 0.5 USDT.
- The max value of CAKE to use for trading fees is 0.80.
- Trading fee contribution is correlated with APX price. The calculation is as follows:
w=(f1*m + f2 +f3*0.8)*b
r=R*w/sum(w1-wk）
|
w |
Individual score in the day |
|
f1 |
APX Trading fee contributions (in USDT) from a specific user in the day. APX Trading fee contributions include normal trading and grid trading contribution with grid transaction contribution factor as 2.5. Amount of APX used * APXUSDT Index Price (APXUSDT Index price will be calculated as 0.5 when it is higher than 0.5) f2 = APX from Normal Trading + (APX from Grid Trading * 2.5) |
|
m |
Adjustment Coefficient |
|
f2 |
USDT Trading fee contributions (in USDT) from a specific user in the day. USDT Trading fee contributions include normal trading and grid trading with grid transaction contribution factor as 2.5. f2 = USDT from normal Trading + (USDT from Grid Trading * 2.5) |
|
f3 |
CAKE Trading fee contributions (in USDT) from a specific user in the day. CAKE Trading fee contributions include normal trading and grid trading with grid transaction contribution factor as 2.5. f3 = CAKE from normal trading + ( CAKE from Grid Trading * 2.5) |
|
r |
APX Reward for a specific user for the day |
|
b |
Multiples for boosting the reward after locking APX (b=1 by default) |
|
R |
Total rewards to be split between all users in the pool for the day |
|
sum(w1-wk） |
Sum of all users’ scores in the day |
|
k |
Total number of users in the day |
Adjustment Coefficient (m)：
For more information, please see Adjustment Coefficient (m).
Terms & Conditions
- ApolloX reserves the right to adjust the Trading Rewards Program rules based on user feedback and market reactions after each epoch. Thus, the total APX rewards released is non-linear and may differ for future epochs.
- ApolloX reserves the right of final interpretation of this activity.
Risk Warning: Crypto futures trading carries a substantial risk. All trading activities are done at your discretion and at your own risk. The information here should not be regarded as financial or investment advice from ApolloX. ApolloX will not be liable for any loss that might arise from your use of ApolloX.