# How the programs Work

Rewards are token rewards distributed in exchange of the fees paid while trading on Mangrove. Creating offers (posting limit orders) does not incur any fees, thus no rewards. The only way is to consume offers that are posted on the Mangrove Book.

{% hint style="warning" %}
A market order on mangrove does not generate fees automatically, thus there could be no rewards distributed for given market orders.
{% endhint %}

Typical fees for a market order that consumes Mangrove Orders are 2 bips (0.02%). Let's take this example:

You sell 1 WETH for 2000 USDC. Fees are going to be 0.4 USDC. Let's say this program redistributes 1 MGV per dollar, you will earn 0.4 MGV tokens.

Each program will contain the following parameters:

| Parameter     | Desccription                                                                       |
| ------------- | ---------------------------------------------------------------------------------- |
| Program range | timestamps for start and end (in UNIX seconds)                                     |
| Token         | The token with which the fees are paid                                             |
| Multiplier    | The multiplier to get the number of rewards from the fee                           |
| Budget        | Maximum rewards distributed (rewards will stop flowing when the budget is reached) |


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