Launching Liquidity Rewards

Earn DBX by adding offers

In our previous post, we discussed the issue of low liquidity on dexie. Large transactions can result in significant slippages due to the lack of liquidity.

To address this, we are launching the Liquidity Incentive Program today. This initiative rewards market makers with our DBX token for creating offers close to the market price for key trading pairs, ultimately increasing liquidity and tightening spreads. This improvement will make exchanging larger amounts more seamless, especially when using our auto-combine feature.

This way we are not only incentivizing liquidity but also ensure a fair distribution of our platform and governance token (DBX), leading to a decentralized ownership of dexie in the long term.

dexie calculates rewards by taking snapshots of the order book at an average interval of 5 minutes. Only active offers within the specified spread are eligible for rewards, regardless of whether an offer is later cancelled or completed.

You can query and claim rewards on the Your Added Offers page, via the Batch Claim Tool, or by directly posting to the API.

Rewards have been accumulating for offers since May 10th. If you have added offers recently, be sure to review them for claimable rewards! ✨

For information on incentivized pairs and their reward rates, visit the Liquidity Incentive Program page.

You can also view the Claimed Rewards History for statistics on all claimable rewards and a record of all claimed rewards with their corresponding offers.