Term | Definition |
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PoolWeight | The reward pool weightage of a market |
PoolMultiplier | The amount of pool multiplier of a market |
activeDaysInEpoch | The number of days a market is active for trading in an epoch |
totalEpochDays | Total number of days in the epoch |
TotalWeight | The sum of pool weights of every market |
RewardPool | The amount of rewards allocated to a specific market |
Term | Definition |
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A MIN function of and , ensuring 2-sided liquidity is provided. Every market maker will have a for every minute in the epoch. | |
This component considers all the open orders placed by all the linked wallets. Assume a market maker has multiple open bid orders in the BTCUSDC order book with the market maker having a mid-market price of $30,000. Given that the MinDepth is $5000 and MaxSpread is $200. - 1 BTC at $29,900 - 5 BTC at $29,850 - 10 BTC at $29,500 *A sample is randomly taken once every minute *Every order is viewed individually even if orders have the same order price | |
This component considers all the open orders placed by all the linked wallets. Assume a market maker has multiple open ask orders in the BTCUSDC order book with the market maker having a mid-market price of $30,000. Given that the MinDepth is $5000 and MaxSpread is $200. - 0.01 BTC at $30,100 - 5 BTC at $30,150 - 10 BTC at $30,175 *A sample is randomly taken once every minute *Every order is viewed individually even if orders have the same order price | |
This tracks the uptime of a market maker at a given minute. Count = 1 if the for a given in a minute is greater than 0. This component measures and considers the total overlapped uptime of a market maker across the linked wallets. | |
stakedORDER refers to the average staked balance of a market maker. - The average staked balance is calculated by the sum of the daily staked balance divided by the number of days in an epoch. - For a market maker with multi-wallet linking, the individual linked wallet’s average stake balance will be summed into a single market maker’s average staked balance. - A snapshot is randomly taken daily to determine the market maker’s daily staked balance. Note that staking esORDER is equivalent to staking $ORDER. | |
Maker Volume | The total maker volume the market maker has traded during the epoch. This component considers all total maker volume done by all the linked wallets. |
The sum of all by all eligible market makers of a market during the epoch. | |
The amount of market making rewards earned by the market maker from a market in an epoch. | |
The total market making rewards a market maker earns in an epoch across markets. |