Synthetix Launches Arbitrum Liquidity Incentive Program with 2M ARB Rewards
Synthetix is excited to announce the scaleup of its Abritrum deployment, and details of our Arbitrum LTIP distribution plan. This program, approved by Arbitrum governance, will last 12 weeks until September 3rd and aims to attract liquidity providers, stablecoin liquidity, and Perps trading activity.
Synthetix builds decentralized derivatives and powers a liquidity layer of decentralized protocols. The most notable example is Synthetix Perps, which supports over 80 derivative markets and has facilitated more than $50 billion in trading volume while ensuring a delta-neutral LP experience for capital providers. To date, Synthetix Perps has delivered over $25 million in trading fees to LPs.
Arbitrum Rewards via LTIP
The LTIP grant of 2,000,000 ARB will be distributed as follows:
- 1,000,000 ARB for LP incentives
- 900,000 ARB for trading fee rebates (capped at 75% of trading fees paid on Arbitrum)
- 100,000 ARB for stablecoin liquidity
The distribution schedule is designed to ensure a gradual ramp-up of liquidity and trading activity:
| Week | Date Range | LP Incentives | Stablecoin Liquidity | Trading Fee Rebates |
|---|---|---|---|---|
| 1 | June 18 - June 24 | 10,000 ARB per asset | 5,000 ARB | - |
| 2 | June 25 - June 28 | 80,000 ARB (20k/w each for ARB/USDC/ETH/USDe) | 5,000 ARB | - |
| 3 | June 28 - July 4 | 100,000 ARB | 7,500 ARB | - |
| 4 | July 5 - July 11 | 100,000 ARB | 7,500 ARB | - |
| 5 | July 12 - July 18 | 100,000 ARB | 7,500 ARB | - |
| 6 | July 19 - July 25 | 100,000 ARB | 7,500 ARB | - |
| 7 | July 26 - August 1 | 100,000 ARB | 10,000 ARB | 100,000 ARB |
| 8 | August 2 - August 8 | 100,000 ARB | 10,000 ARB | 200,000 ARB |
| 9 | August 9 - August 15 | 100,000 ARB | 10,000 ARB | 200,000 ARB |
| 10 | August 16 - August 22 | 75,000 ARB | 10,000 ARB | 200,000 ARB |
| 11 | August 23 - August 29 | 50,000 ARB | 10,000 ARB | 200,000 ARB |
| 12 | August 30 - September 3 | 55,000 ARB | 10,000 ARB | - |
Please note that this schedule is subject to change under the supervision of the Synthetix Treasury Council to ensure optimal protocol stability and alignment with market conditions.
How to Participate
Users can earn rewards in the following ways:
- LP Incentives: Provide liquidity on Synthetix Liquidity by depositing supported assets like USDC, ETH, ARB, and Ethena USDe (coming soon).
- Stablecoin Liquidity: Supply liquidity to USDx/USDC pools on Ramses, an Arbitrum DEX.
- Pools for these will be created soon, and further announcements will be made in collaboration with Ramses.
- Trading Perps: Once Perps trading goes live, supported integrators will help distribute trading fee rebate rewards.
- Trading fee rebates will be capped at 75% of the overall fees paid on Arbitrum.
- Synthetix and Pyth will also launch a campaign to further rebate those staking their Pyth tokens.
Any Questions?
To learn more about Synthetix on Arbitrum, head to our Discord & read our docs. Plus, here are a few more helpful links: