How the Programs Work

Program Structure

• Each vault has its own dedicated reward program

• Programs run for a fixed duration (typically one month)

• Rewards are distributed continuously based on users' LP token balances

• Each program has a predetermined budget (maximum rewards)

• Important: Program parameters (budget and duration) may be adjusted upward only

Reward Distribution

• Rewards flow continuously to LP token holders

• The reward rate is specified per day

• Users earn rewards proportional to their share of the total LP tokens

• Early liquidity providers may benefit from a slight advantage as the share value typically grows over time

Important Note for Early LPs

Early liquidity providers have a natural advantage in these programs. As more users join and the total value in the vault increases, the share value of LP tokens will gradually rise. This means:

• Early LPs will receive slightly higher rewards per dollar of liquidity

• The reward rate per dollar will naturally decrease as more liquidity joins

• This decrease is typically minimal and helps reward early supporters

Reward Claims

Please note that rewards will be claimable once the MGV token becomes transferrable. Until then, rewards will continue to accumulate based on your LP positions.