Avantis XP
A novel loyalty program for our community.
Experience Points (XP): Liquidity and Trading
Avantis experience points (XPs) are offchain representations of a user's onchain actions. Avantis XP measures and track onchain activity, loyalty and accrue to a user in real time. These are non-tradeable and non-transferable, and simply represent a user's activity on the Avantis protocol.
There are two types of Avantis experience points - liquidity and trading points. At a high level:
Liquidity XP: Long term LPs stack the most liquidity points (i.e depositing for the long-term, locking, and completing your lock provides bonuses). E.g, one dollar invested as an LP gives 1 point a day.
Referrals: Get 10% of any referred LPs XP.
Trading XP (fixed-fee perpetuals):
Volume: All trades accrues volume XP. Volume XP accrues based on a traders' volumes. Every dollar traded gets at-most 1 XP. Longer duration trades get more XP.
Referrals: Get 10% of a referred traders' volume XP.
Liquidations Bonus: Liquidations are rough, and we want to ensure traders still feel supported after a liquidation. All platform liquidations are eligible for trading XP !
Trading XP (zero-fee perpetuals):
Volume: Unlike fixed-fee perpetuals, zero-fee perpetuals only charge traders a fraction of their profits. Hence, XP is based completely on your $ fees paid. Hence, profitable trades get the most XP, although losing trades also get some XP.
Referrals: Get 10% of a referred traders' volume XP.
Liquidations Bonus: Liquidations are rough, and we want to ensure traders still feel supported after a liquidation. All platform liquidations are eligible for trading XP!
Legal disclaimer: Avantis experience points have no monetary value, and do not represent a claim on the protocol's revenues or any token offering / equity. Please do not engage in accumulating Avantis XP with any expectation of financial utility - they cannot be traded or exchanged.
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