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  • Introduction to Kuma
  • Design Components
    • High-performance Exchange
    • Smart Contracts
    • XCHAIN - Arbitrum Orbit L2
  • User Benefits
  • Order Types
    • Market, Limit and Conditional Order
    • Time In Force Selections (GTC, GTX, IOC, FOK)
    • Post-Only Order
    • Reduce-Only Order
  • Markets and Market Details
  • Index Price Oracle and Weights
  • Fees
  • XCHAIN Network Details
  • KUMA Token (Formerly IDEX Token)
  • Rewards
    • Trade Rewards - BGT Emissions
    • Referrals
    • Market Maker Program
  • Session Keys
  • Kuma Connect
  • Liquidation Partner Program (LPP)
  • FAQ
    • Clock Sync
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On this page
  • How to Earn
  • Scoring
  • Kuma Rewards Token
  • Period Status
  • BGT Claiming
  • Rewards Forecasting
  • Kuma BGT Strategy
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  1. Rewards

Trade Rewards - BGT Emissions

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Last updated 15 days ago

The distributes BGT to users for various forms of Kuma related activity. The user’s individual actions determine their share of the total credits.

How to Earn

  • Trading - Trade as a maker or taker

  • Referring - Refer users to the platform

Scoring

BGT emissions are earned based on activity in a specific 24 hour period (every day from 00:00 to 23:59 UTC). During each period, users are scored based on both their trading and referral volume. The users relative score determines their share of the total BGT emissions for the period.

Kuma Rewards Token

BGT emissions on Kuma depend on activity, not deposits. However, the Berachain BGT rewards vault standard uses an onchain deposit token to allocate the BGT rewards.

The Kuma Rewards Token (KRT) is used to solve this issue. The Kuma protocol automatically adjusts the share of KRT in the Kuma rewards vault for each account based on their activity. This ensures that the onchain BGT rewards distribution reflects the share of activity on Kuma.

Period Status

The use of a separate system for measuring activity creates a delay between when activity is measured and when BGT is earned. Periods move through four stages.

  • Active - the ongoing period

  • Pending - in the 24 hour review process

  • Streaming - earning BGT emissions onchain

  • Completed - all BGT emissions have been distributed

BGT Claiming

Rewards Forecasting

The Kuma BGT program is activity based, so traditional APR calculations aren't applicable. We've provided a few different metrics to help users understand the opporunity and how they are performing.

User Specific Metrics:

  • Trade Volume - the user's trade volume for the period

  • Referral Volume - the user's referral volume for the period

  • Projected BGT - forecasted BGT earning based on the user's activity in the current period, the current BGT emissions rate, and the streaming period's total user activity

Period Specific Metrics:

  • BGT per day - current onchain reward rate normalized for a 24 hour period

  • BGT/USD - current BGT price using the iBGT/USD rate (used to compute USD UI values)

  • Trading fee rebate - BGT per day in USD / net total fees paid by qualified wallets in the streaming period

Kuma BGT Strategy

BGT emissions are a key part of the Kuma protocol growth strategy.

  1. Kuma protocol provides USDC bribes to Rewards Vault

  2. USDC sent to validators as a BGT bribe

  3. BGT emissions sent to Rewards Vault

  4. BGT emissions provided to Traders/MMs based on activity on Kuma

  5. Traders & MMs provide liquidity, volume, and fees to the Kuma protocol

  6. Protocol fees are looped back into the rewards vault for additional BGT

  7. Future KUMA token launch will further incentivize BGT emissions and trading activity

Note: Market Makers participating in the Market Maker Rewards program are not eligible for the taker rewards program.

Users claim their BGT directly from the . Emissions can be claimed as soon as they are streamed onchain and as often as the user wants, i.e. users don't have to wait until a streaming period ends to claim.

trade rewards program
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