Recognition for Protocol Users
Today, we're announcing the launch of the Ostium Points Program, a competitive system tracking user activity and engagement across the platform designed to help incentivize trading, referrals, and liquidity provisioning across our ecosystem. Ostium V2 enables users to long or short stocks, commodities, indices and currencies, with even more assets coming soon.
Starting today, we've allocated 10 million points retroactively to participants who have been active on Ostium before the program launch. Retroactive points emphasize recognizing users on Ostium’s public Mainnet and private Mainnet, testnet, and pre-testnet phases. Visit ostium.app/points to check your points allocation.
Going forward, the program will allocate a minimum of 500,000 points each week based on platform activity. Available points will be communicated at the start of each week. This weekly reset creates an opportunity for participants to track their engagement and climb weekly leaderboards.
How the Program Works
The Ostium Points Program features the following components:
- Real-time score tracking: Scores update immediately when users trade or provide liquidity. These scores are converted into points at the end of every week.
- Weekly conversions to points: Every Sunday at midnight UTC, accumulated scores convert to points based on relative participation levels. Score tracking then resets for the new week.
- Dual scoring system: The program tracks two types of scores: Trading/Referral scores and Liquidity Provision scores. While there are two score categories, they combine into a single points total.
- Competitive leaderboards: Users can monitor their real-time ranking against other participants in both score categories and in the global points leaderboard.
- Referral benefits: The program allocates 1 trading score for every 5 trading scores generated by referred users. Users who sign up with a referral code receive a 5% boost on all trading scores.
- Community contributions: A small portion of weekly points is optionally reserved for substantial open-source contributions to the protocol, such as critical bug reports and technical research.
