Following the first airdrop of $AEVO at TGE (03/13/24), we are kicking off a major incentive campaign: traders and AEVO/RBN holders will have a chance to get more $AEVO for 4 months, starting right from the airdrop date.
In order to earn $AEVO you can:
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Trade on Aevo
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Stake $AEVO or $RBN
To get full details of our trading and staking incentive program, please check out our gitbook: https://docs.aevo.xyz/trading-and-staking-incentives/earning-usdaevo
How it Works
Every perpetual future or options trade on Aevo has an adjusted boosted volume. Your total boosted volume across trades will be used to calculate your pro-rata share of the $AEVO emissions, rather than actual volume generated on the platform:
Boosted Volume = Trade Order Value * (Base Farm Boost + Lucky Farm Boost)
AEVO Earned = Boosted Volume * Epoch AEVO Emissions / Total Epoch Boosted Volume
Each epoch is one week.
There will be a total of 18 Epochs.
Epoch 1 : 13 March 2024 - 20 March 2024
Epoch 2 : 20 March 2024 - 27 March 2024
Epoch 3 : 27 March 2024 - 03 April 2024
And so on..
Base Farm Boost
On every trade, no matter what, a user will earn a 1x — 4x farm boost which is calculated based on your previous 7-day trading volume (the base boost is capped at 4x past $5M volume.). The more you trade, the quicker your base boost accelerates for future trades.
Conversely, your base farm boost will decay if you stop trading as it’s based on a trailing 7 day window.
Lucky Farm Boost
At any given point one of your trades may hit a lucky farm boost from 10x-100x with the following rarities:
Non-sAEVO holders
10x Farm Boost: ~10% chance
50x Farm Boost: ~2.5% chance
100x Farm Boost: ~1% chance
sAEVO holders
sAEVO holders have a 2x chance of hitting a rare farm boost.
10x Farm Boost: ~20% chance
50x Farm Boost: ~5% chance
100x Farm Boost: ~2% chance
You can pull a higher farming boost the more you trade. More trades → higher chance of getting a 100x farm boost stacked on top of your base boost. On any given trade, there is a ~13.5% (and ~27% for sAEVO holders) chance of hitting a rare farm boost from 10x — 100x.
NOTE: there is a 1 hour cooldown period, meaning that you have to wait at least 1 hour after hitting a rare farm boost before you can pull another one. This is set in place to prevent wash trading.
Examples
**Example 1
**
Let’s assume it is Epoch 1, total AEVO emissions are 1M for the epoch, and last week’s total boosted volume was 100M.
ctrlfreak has $1.5M in notional volume traded in the past 7 days, which translates roughly to a ~2x base boost. ctrlfreak longs 10 ETH perpetuals contracts (order value = 10 * $2500 = $25,000) and gets lucky and hits a 10x farm boost.
ctrlfreak’s boosted volume on the trade is $300,000 ($25,000 * (2x base boost + 10x rare boost)) even though his actual order value is $25,000. This will increase his $AEVO distribution 12x on that particular trade.
His boosted AEVO Earned is now $300,000 * 1M AEVO / 100M = ~3,000 AEVO.
Example 2
Let’s assume it is Epoch 1, total AEVO emissions are 5M for the epoch, and last week’s total boosted volume was 1B.
Alice has $3M in notional volume traded in the past 7 days, which translates roughly to a ~3.5x base boost. Alice shorts 2 BTC options contracts (order value = 2 * $50,000 = $100,000) and gets lucky and hits a 50x farm boost.
Alice’s boosted volume on the trade is $5,350,000 ($100,000 * (3.5x base boost + 50x rarity boost)) even though her actual order value is $100,000. This will increase her $AEVO distribution 53x on that particular trade.
Her boosted AEVO Earned is now $5,350,000 * 5M AEVO / 1B = ~26,750 AEVO.
Emissions Schedule
Trading
Every week, there will be:
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a guaranteed minimum base emission of 1.1M $AEVO
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a max of 6.05M $AEVO emissions
Right before a new epoch, the Growth & Marketing Committee may discretionarily revisit the $AEVO emissions for subsequent epochs.
AEVO/RBN staking
Every week, there will be:
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a guaranteed minimum base emission of 200K $AEVO
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a max of 1.1M $AEVO emissions
Right before a new epoch, the Growth & Marketing Committee may discretionarily revisit the $AEVO emissions for subsequent epochs.
Read here for more details on the emissions schedule: https://docs.aevo.xyz/trading-and-staking-incentives/emissions-schedule
Notes
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Wash trading will be strictly monitored and will not be eligible to earn rewards. Users might still see their rewards in real-time and after each epoch, but this can be deducted after we do retroactive inspections. We reserve the right to penalise wash traders at any moment and without notice.
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Your estimated rewards in the Aevo farming UI might be different from the actual rewards that you get when the epoch is finalised.
This is the formula for AEVO Earned:
AEVO Earned = (Boosted Volume * Epoch AEVO Emissions ) / Total Epoch Boosted Volume
We use the current epoch’s average daily boosted volume, and extrapolate it to a week to calculate this epoch’s total boosted volume.
*1 Epoch is 7 days
Example:
We’re in day 3 of Epoch 2
Epoch 2’s AEVO emissions = 1.1M
Assume we have a total of 900M boosted volume in the past 3 days for Epoch 2
Our estimate for total epoch boosted volume will be: ($900M / 3) * 7 = $2.1B
Jane’s total boosted volume in Epoch 2 = $20M
AEVO Rewards (est) = (20,000,000 x 1,100,000) / 2,100,000,000 = ~10,476 $AEVO -
We also retroactively analyse wash trading accounts, and deduct those boosted volumes. This benefits real traders in the platform as they will get a higher % of the emissions.
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$AEVO rewards will be claimable from April 10, 2024 onward.
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The Growth and Marketing Committee has full power to extend and make changes to the campaign.
FAQ
Does the farm boost increase my actual position size of the trade as well?
No, it does not increase your position size. The farm boost is ONLY used to calculate your boosted volume for $AEVO rewards.
How do I know whether I got the lucky farm boost on a trade?
Immediately after your trade, if you got a lucky farm boost (10x, 50x, or 100x) you will receive a toast/notification. You can also see the farm boost (base + luck) applied to every trade by clicking on details in every trade row https://app.aevo.xyz/portfolio/trade-history
How do I get sAEVO?
You get sAEVO by staking either AEVO or RBN https://app.aevo.xyz/aevo
Does my sAEVO balance change my rare farm boost probability?
No, having more sAEVO does not increase your chances of pulling a rare farm boost. Conversely, having less sAEVO does not decrease your chances of pulling a rare farm boost. Your chances increase 2x as long as you have a sAEVO balance.