Synthetix Perps Rewards: Optimism Trading & Lido Incentives Extension

Mark your calendars! Synthetix is rebooting its perps trading incentives on Wed Sep 13th at 0:00 UTC for both the Optimism Perps Rewards Program and the Lido stETH Perps Rewards programs. Here’s a brief review of what you need to know:

Synthetix Perps Optimism Trading Incentives - Extension:

• Extension News: Additional five weeks of OP rewards for trading Synthetix Perps - 100k OP per week for five weeks.
• Reward Caps: Rewards can't exceed fees generated. Ex: $50k in trading fees generated rewards a maximum of $50k in OP rewards.
• Trading Epoch: First epoch starts Sep 13th at 0:00 UTC; first fee snapshot and subsequent distribution will be on Sep 20/21st.
• Reward Structure: Based on trade fees paid and an optional staked SNX (Synthetix) multiplier. Traders receive a pro-rata distribution based on total trade fees paid.
• Example Reward Structure: If OP/USD is $1 and there are $200k fees in a week, each trader will receive 0.5 OP per $1 of fees paid. This is subject to change based on total trading fees.
•  1) $ of fees paid < 100k OP $ value --> 100% fee rebate
•  2) $ of fees paid > 100k OP $ value --> 100k OP distributed pro-rata based on fees paid
• Snapshot: A snapshot is taken each Wednesday at 0:00 UTC, rewards are distributed within the following day or two.
• Distribution Details: Visit participating integrators to receive your pro-rata share of weekly rewards based on your trade score.
• Learn more: Synthetix Perps Optimism Trading Incentives - September Extension Update

Lido stETH Synthetix Perps Trading Incentives:

• Extension News: Additional five weeks of OP rewards– 1500 OP per week
• Reward Caps: Rewards can't exceed fees generated. Ex: $1k in trading fees generated, rewards a MAXIMUM of $1k in OP rewards.
• Trading Epoch: First epoch starts Sep 13th at 0:00 UTC, first fee snapshot and subsequent distribution will be on Sep 20/21st.
• Weekly Rewards: 1,500 OP for traders in the stETH perps markets
• Reward Distribution: Pro-rata based on the trader score for the stETH market, visit participating integrators to claim.
• Example Reward Structure: If OP/USD is $1 and there's $1k of stETH fees in a week, each trader will receive 1 OP per $1 of fees paid. This is subject to change based on stETH trading fees.
•  1) $ of fees paid < 100k OP $ value --> 100% fee rebate
•  2) $ of fees paid > 100k OP $ value --> 100k OP distributed pro-rata based on fees paid
• Learn more: Lido stETH Synthetix Perps Trading Incentives - September Extension Update

Important Note: Only OffChainDelayedOrders processed on participating integrators are eligible for OP rewards. Please confirm your frontend integrator's participation before trading.

Any questions?

Have any questions? Head over to the Synthetix Discord to learn more.