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)

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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.

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Distribution Schedule

• Weekly Distribution: Rewards sent directly to participant wallets automatically, no claiming required.