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Version: testnet (v0.77)

Rewards & vesting

Vega Protocol contains a flexible system allowing for various behaviours on the network to be measured and rewarded, with the rewards able to be configured and funded permissionlessly by any network participant.

Trading rewards​

Market participants can receive rewards for their trading activity, liquidity provision, and for proposing actively traded markets.

Traders can receive bonuses for placing market and/or limit orders that are filled, and keeping positions open.

Liquidity providers can receive rewards on top of the fees they earn for placing orders that are likely to match.

Market proposers can receive rewards for proposing markets that draw in trading volume.

Your reward earnings can grow if you have an activity streak and/or keep earned rewards in your rewards account. A full summary off all reward metrics can be found in a deeper dive into rewards.

Rewards are independent from fees, which are paid to validators, liquidity providers, and price makers on each trade.

How rewards are paid​

Rewards that you earn are paid into a per-asset vesting rewards account. They may be locked for a time, if there's a lock period set. Each epoch, a percentage of the locked rewards begin vesting. Once they're vested, they are moved into a vested rewards account. From there, they can be redeemed by transferring them into your general account and withdrawn.

Once they unlock, a proportion of the rewards move into the vested account each epoch: 🔗current rate: 1%. That percentage can be higher if you have an activity streak going.

Active rewards​

The currently active rewards can be explored within the trading Console ↗

Rewards

As of April 2024, there are the following active rewards for each market on Vega:

  • Liquidity Fees Received available on all markets:
    • Distributed based on proportional amount of liquidity fees received by a trader. To be eligible for these, a party must submit a liquidity commitment and meet the time-on-book requirements. After this, fees are distributed based on the size of their on-book commitment and quality of prices. See liquidity provision for more on how to supply liquidity.
  • Maker Fees Earned available on Bitcoin / Tether USD Perpetual, Ether / Tether USD Perpetual:
    • Distributed based on proportional amount of maker fees received by a trader that epoch (acting as maker on a trade).
  • Maker Fees Paid available on all markets:
    • Distributed based on proportional amount of maker fees paid by a trader that epoch (acting as taker on a trade).

Reward hoarder bonus​

Leaving your reward earnings in your vested account will increase your share of the trading rewards you've accrued. How much extra you get depends on your total rewards balance, whether it's locked, vesting, or vested.

See the current reward hoarder bonus requirements and benefits on the block explorer ↗.