Notable shipments this week included a few consistency and quality of live improvements, specifically:
Rewards auto-distribution
Homepage styling revisions
Starting last week Friday (11/24), liquidity rewards are now distributed directly to a user’s address weekly on Friday at midnight ET, which corresponds roughly with the epoch rollover. For 80+ weeks, rewards required “claiming” wherein a user provided a proof to a merkle distributor on chain to receive their rewards. While functional, the merke root was updated at random times, making the claim experience inconsistent. In order to improve the reward experience, liquidity rewards are now directly distributed to maker addresses. These payouts are visible on chain (coming from the same address every week) and are indexed in a user’s history and activity. Users will soon receive notifications of payouts as well. We hope this new system results in an improved rewards experience for users.
We’ve made some tweaks to the styling on the homepage which refine recent homepage shipments to improve general design cohesion and consistency. Let us know what you think by joining our Discord!
Notable shipments this week included a few consistency and quality of live improvements, specifically:
Rewards auto-distribution
Homepage styling revisions
Starting last week Friday (11/24), liquidity rewards are now distributed directly to a user’s address weekly on Friday at midnight ET, which corresponds roughly with the epoch rollover. For 80+ weeks, rewards required “claiming” wherein a user provided a proof to a merkle distributor on chain to receive their rewards. While functional, the merke root was updated at random times, making the claim experience inconsistent. In order to improve the reward experience, liquidity rewards are now directly distributed to maker addresses. These payouts are visible on chain (coming from the same address every week) and are indexed in a user’s history and activity. Users will soon receive notifications of payouts as well. We hope this new system results in an improved rewards experience for users.
We’ve made some tweaks to the styling on the homepage which refine recent homepage shipments to improve general design cohesion and consistency. Let us know what you think by joining our Discord!
Polymarket💸 An In-Depth Overview of Polymarket's Market Making Rewards Program
Tl;dr:Rewards are available for market makers automaticallyRewards are based on a scoring system that considers each maker’s active limit orders every minuteMakers score quadratically more the closer they quote to the spreadLarger orders linearly increase scoresQuoting should be balanced because only the worst scoring side in a market contributes to scoreA maker’s scoring relative to other makers mattersUptime is effectively considered quadraticallyNote: This article reflects the rewards prog...
PolymarketPolyLend
Today, we are excited to open source PolyLend: a peer-to-peer lending protocol allowing users to borrow USDC against conditional token positions, the underlying share type supported by Polymarket. A key feature is that no price oracles are required. PolyLend is heavily inspired by Blend, a lending protocol which supports NFTs as collateral. PolyLend facilitates fixed-interest rate USDC loans collateralized by conditional token positions. These loans are expected to be over-collateralized, i.e...
Polymarket💸 An In-Depth Overview of Polymarket's Market Making Rewards Program
Tl;dr:Rewards are available for market makers automaticallyRewards are based on a scoring system that considers each maker’s active limit orders every minuteMakers score quadratically more the closer they quote to the spreadLarger orders linearly increase scoresQuoting should be balanced because only the worst scoring side in a market contributes to scoreA maker’s scoring relative to other makers mattersUptime is effectively considered quadraticallyNote: This article reflects the rewards prog...
PolymarketPolyLend
Today, we are excited to open source PolyLend: a peer-to-peer lending protocol allowing users to borrow USDC against conditional token positions, the underlying share type supported by Polymarket. A key feature is that no price oracles are required. PolyLend is heavily inspired by Blend, a lending protocol which supports NFTs as collateral. PolyLend facilitates fixed-interest rate USDC loans collateralized by conditional token positions. These loans are expected to be over-collateralized, i.e...
Bet on your beliefs. polymarket.com
Bet on your beliefs. polymarket.com
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