Mangrove
Mangrove
Mangrove
  • START HERE
    • What is Mangrove?
      • Smart offers
      • Bounty
      • Makers, Takers, Keepers
        • Makers
        • Takers
        • Keepers
    • Why Mangrove?
    • Who is the Mangrove dApp for?
    • Audits
    • FAQ
    • Glossary
    • Terms & Conditions
  • Strategies
    • Kandel
      • What is Kandel?
      • How does Kandel Work?
        • Step-by-step visual explanation
        • Parameters
        • Choosing Kandel parameters
        • Published Liquidity
        • More on failing offers
      • Potential risks
  • DAPP GUIDE
    • Swap
    • Trade
      • How to make an order
        • Market Order
        • Limit Order
        • Amplified Order
        • More on order types
      • Approvals
      • Minimum Volume
      • How to Track and Manage Orders
    • Earn
    • Rewards
    • Bridge
    • Wrap
  • MGV INCENTIVES
    • Fee Rewards
      • How the programs Work
      • Current programs
    • Vault LP programs
      • How the Programs Work
      • Current programs
      • Earning rewards
      • Example
      • Previous programs
    • MS2 Program (closed)
      • How Rewards Are Calculated
        • Reward Rate ρ
        • Takers Rewards
        • Adjusted Volume for Makers
        • How to Maximize Your Score
      • MGV Token Allocation per User Type
        • Specific Allocation for Kandel users and vault managers
        • Community Contributors
        • Incentives with a custom strategy
      • Epochs and Updates
    • MS1 Program (closed)
      • Intro
      • Trading Points
      • Boost
      • Referral Points
      • Community Points
      • Parameters
      • Technical Insights
      • MS1 FAQ
      • Disclaimer
  • Governance
    • General Governance
      • Key Stakeholders
        • Token Holders
          • Builders
        • Builders
        • Pods
      • Guardians
      • Governance Process
        • Initial Discussions
        • Proposals
        • Voting
        • Execution
    • Councils
      • Responsibilities
      • Elections
      • Budgets
    • Guides and resources
      • How to vote on a governance proposal
      • How to delegate my voting power
      • How to access the Builders’ directory
      • How to access the Pods’ directory
      • Snapshot configuration & membership
      • Links and adresses
  • QUICK LINKS
    • Whitepaper
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    • X
    • Discord
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    • Deployment adresses
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  1. MGV INCENTIVES
  2. MS1 Program (closed)

Intro

PreviousMS1 Program (closed)NextTrading Points

Last updated 6 months ago

TL;DR

The Mangrove Season 1 Points Program rewards active participants, known as 'Makers' (liquidity providers) and 'Takers' (traders) in the Mangrove ecosystem. Points are allocated for trading activities, liquidity provision, referrals, and community participation. The scheme is structured as follows:

Totalpoints=(TradingPoints+LPPoints)∗Boosts+ReferralPointsTotal points=(Trading Points+LP Points)∗Boosts+Referral PointsTotalpoints=(TradingPoints+LPPoints)∗Boosts+ReferralPoints

Community Points do not contribute to Total Points for Leaderboard Rankings. They will be allocated specifically after the MS1 program concludes

  • Trading Points: Calculated based on trade volume, with different weightings for each market. Includes market, limit and amplified orders,where the limit order is partially filled with market order

  • Liquidity Provision (LP) Points: Derived from uptime, liquidity's proximity to mid-price, and generated volume and also market weighted. Includes limit orders, amplified orders and strategies.

  • Boosts: A tiered level system increasing LP and trading points, determined by consistent activity and volume levels.

  • Referral Points: Gives a 10% bonus in points for both referee and referrer, based on the referee's LP and trading points.

  • Community Points: Gives points to past and future active participants in MangroveDAO-organised campaigns.

Stay updated with these opportunities by following and joining the MangroveDAO Discord community.

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@MangroveDAO on X