> For the complete documentation index, see [llms.txt](https://docs.mangrove.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.mangrove.exchange/mgv-incentives/ms2-program-closed/how-rewards-are-calculated/takers-rewards.md).

# Takers Rewards

Taker rewards are directly proportional to the volume of trades they generate (i.e., the offers they consume). For example, if during a specific period where ρTaker remains constant, a taker generates V (in quote), their reward will be calculated as:

$$
Reward=ρTaker×V
$$