💵Carbon Credits
Welcome to Season 7 of Carbon Credits!
The Carbon Credits program is a rewards system on Demex, designed for traders. Participants can earn a minimum of 25% back in SWTH tokens from the fees they pay while trading on the Carbon chain. These rewards are distributed every 28 days, known as an epoch or a season.
One Carbon Credit is $1 in fees contributed to the protocol. Fees contributed to the protocol is Trading fees paid, minus referral commissions, and minus rebates.
Start trading perpetuals to take part today and check your ranking on the Leaderboard here.
Duration
Each trading epoch spans 28 days.
The first epoch began on February 13, 2024, at 8 AM GMT.
Currently, there is no set end date for this program.
Eligibility and Rewards Calculation
This program applies only to trades made in the Demex Perpetual markets.
At each epoch's start, 800,000 SWTH tokens seed the rewards pool.
The rewards pool will increase to cover 25% of the total trading fees generated on the Carbon chain during that epoch, capped to a maximum of 1,600,000 SWTH.
The SWTH's value is based on its rolling 28-day time-weighted average price, calculated from the last trade price in the SWTH/USDⒼ pair.
A trader's share of the rewards is proportional to the amount of trading fees they contributed to the Carbon chain.
Traders can monitor their credits and standings on the Carbon Credits leaderboard.
Distribution of Rewards
Rewards are transferred to an EVM smart contract one day after each epoch ends.
Traders can claim their rewards using their EVM wallet (e.g., Metamask).
Unclaimed rewards roll over and can be claimed in subsequent epochs.
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