Technical details

Let’s summarise: a user will accrue XP at a global rate

(boostLP48h+boostLPbase)×rLP×deposit+assetipi(basei×rtraderα×max(0,basei×(frit2frit1))(\mathrm{boost}_\mathrm{LP}^{48h}+\mathrm{boost}^{base}_\mathrm{LP})\times r_{LP}\times \mathrm{deposit}+\sum_{\mathrm{asset}_i}p_i\left(\mathrm{base}_i\times r_{\mathrm{trader}}-\alpha \times \max(0,\mathrm{base}_i\times (\mathrm{fr}_i^{t_2}-\mathrm{fr}_i^{t_1})\right)

Additionally, on each trade, they earn

boosttrader×ν×notional\mathrm{boost}_{\mathrm{trader}}\times \nu\times \mathrm{notional}

The current parameters are:

ParameterDescriptionProposed value

rLPr_\mathrm{LP}

accrual rate over a deposit in the passive pool

0.1%/(notional x min) or 1xp for each $1,000 per minute

rtraderr_\mathrm{trader}

accrual rate for traders

0.01%/(notional x min) or 1xp for each $10,000 per minute

pETHp_\mathrm{ETH}

Standardised price of ETH (to be updated routinely)

3,700

pBTCp_\mathrm{BTC}

Standardised price of BTC (to be updated routinely)

70,000

α\alpha

velocity xp multiplier

1000

ν\nu

Notional match up proportion

0.5% of notional traded or 1xp for each $200

and the boosts that can currently be obtained are:

BoostRange of valuesWhat it boostsApplicability

boostLPbase\mathrm{boost}_\mathrm{LP}^{base}

1x - 3x

deposit xp rate

all time per tranche

boostLP48h\mathrm{boost}_\mathrm{LP}^{48h}

1x - 10x

deposit xp rate

48h

boosttrader\mathrm{boost}_\mathrm{trader}

1x - 100x

notional match up

once to the trade

Note that superior permanent boosts were locked by LGE participants as a reward for their special early contribution to the Network.

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