Carbon Credits

Overview

The Carbon Credits program is a rewards system on Demex, designed for traders. Participants can earn a minimum of 35% back in SWTH tokens from the fees they pay while trading on the Carbon chain, with a maximum cap of 1.6M SWTH. 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 = Trading fees paid - referral commissions - rebates

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.

Season 3 of Carbon Credits is currently ongoing! Start trading perpetuals to take part today and check your ranking on the Leaderboard here.

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 35% of the total trading fees generated on the Carbon chain during that epoch, capped at 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 a 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.