Sonic rGEMs Rewards Program
Overview
RabbitX introduces rGEMs, a community-centric reward mechanism providing direct access to Sonic’s anticipated $120M+ airdrop. With 100,000 rGEMs available, participants earn proportional shares by contributing as liquidity providers or active traders.
What are rGEMs?
rGEMs: Represent your proportional claim to RabbitX’s Sonic GEM allocation, directly convertible to $S tokens upon Sonic’s airdrop.
Token Allocation
Liquidity Providers (LPs): 50% (50,000 rGEMs)
Traders: 50% (50,000 rGEMs)
Ways to Earn
A. Liquidity Pool Incentives (50%)
Liquidity providers earn rGEMs by staking assets in the RabbitX Liquidity Pool Vault (RLP).
Formula:
Distribution Frequency: Weekly
Key Factors: Amount staked, duration staked (longer durations earn higher multipliers)
B. Trading Rewards (50%)
Traders earn rGEMs based on their trading activity, incentivizing both position size and duration.
Formula:
Snapshot Frequency: Every 1 minute
Qualifying Criteria: Positions must be open for more than 1 minute to avoid wash trading
Reward Dynamics: Larger positions and longer durations earn greater rewards
C. Active Trader Multiplier
Daily activity compounds your trading rewards through an escalating multiplier:
Day 1: 1x
Day 2: 1.25x
Day 3: 1.5x
Day 4: 1.75x
Day 5+: 2x
Note: Missing a trading day resets your streak and multiplier. This multiplier applies solely to trading rewards, not liquidity rewards.
Distribution Schedule
Weekly Distribution: Rewards sent directly to participant wallets automatically, no claiming required.
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