> 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/vault-lp-programs/previous-programs.md).

# Previous programs

list of the previous Vault LP programs (Mangrove Vault)

<details>

<summary>Arbitrum - December 2024 to January 2025</summary>

Below are the active LP programs launching on December 23rd, 2024, and running for one month until January 23rd, 2025. Each program has a budget of 600,000 MGV tokens.

| Trading Pair | Vault Address | Reward Rate                |
| ------------ | ------------- | -------------------------- |
| ARB-USDC     | 0x1708...8402 | \~0.01 MGV per $ per day   |
| WETH-USDC    | 0x533f...0cC1 | \~0.01 MGV per $ per day   |
| WBTC-USDT    | 0xD972...4B7B | \~0.01 MGV per $ per day   |
| weETH-WETH   | 0x1700...b12a | \~35 MGV per ETH per day\* |
| USDC-USDT    | 0xa99C...C19D | \~0.01 MGV per $ per day   |

\*Note: For the weETH-WETH pair, a static value of 3500 USD per ETH is used for reward calculations. This means the reward rate is effectively around 35 MGV per ETH (not per dollar) per day.

#### Program Design Rationale

The reward rate of approximately 0.01 MGV per dollar per day has been carefully chosen to:

* Provide meaningful incentives for liquidity providers
* Ensure sustainable distribution of rewards throughout the program duration
* Create a balanced reward structure across different trading pairs

</details>