7,200,000 OLE Rewards to Trade More on the BNB Chain
OpenLeverage encourages all members to trade and lend, so we’re launching a new and exciting campaign to enable all members to participate.
OpenLeverage will offer 7,200,000 OLE rewards for members, which will be distributed as 5,040,000 OLE for the Trading Campaign and 2,160,000 OLE for the Lending Campaign.
The campaign will last for 21 days, from May 10, 2022, at 12 PM UTC to May 31, 2022, at 12 PM UTC.
Trade Early For More
Members who open positions with trading volume levels during the campaign will be awarded the corresponding $OLE rewards.
We will calculate the trading volume of a single transaction, not the cumulative volume. If your transaction does not meet the minimum requirement, then you will not receive rewards.
Each address can receive a maximum of 20,000 OLE rewards before dilution through the activity. When users receive 20,000 OLE rewards, the address can still trade but will not earn extra rewards.
The Trade Early for More Campaign will last for 21 days. Every 3 days, the rewards will be reduced by 5%, meaning the earlier you trade, the more rewards you can earn.
Undiluted rewards levels are shown here.
The Trade Early for More Campaign will have a maximum of 5,040,000 OLE rewards. When the number of rewards earned exceeds 5,040,000 OLE rewards, all rewards will be diluted according to the formula below:
diluted rewards = undiluted reward * (5,040,000 / earned total reward)
For example: On Day 1, Alice makes a $1,000 trade and earns 103 OLE. On Day 4, she makes another $1,000 trade and earns 98 OLE. At the end of the Trade Early for More Campaign, the total prize pool generated 10,080,000 OLE. Using the formula above, Alice earned 100.5 OLE after dilution:
100.5 = (103 + 98) * (5,040,000/10,080,000)
Please note that volume count only includes opening positions, but not closing positions. Each address can receive a maximum of 20,000 OLE rewards from this campaign.
Lending Reward on Amount and Time
We have selected 49 top pairs on the BNB Chain with TVL over $1 million, excluding pairs that have been trading for less than a month. These pairs will share 2,160,000 $OLE lending rewards, with different rewards for each pair according to the trading volume of the pairs in the last 7 days.
Lending and Rewards Pairs here
Rewarded pairs will have the “Reward” tag and show the “Reward Ratio.” The formula used to calculate the reward for each user can be found here.
Referral Program and Invitation League
Invite your friends who hold $BNB to get on the Invitation League, where 46.6% of the trading fees will be distributed to the 3 top referrers at the end of each epoch. New Invitation League is updated.
The Referral Program is also live, where you can get up to 25% of your friend’s rewards. For example, if your friends earn 100 OLE tokens, you can earn 25 OLE tokens. Your friends earn and you can get rewarded, too.
Invite your friends to maximize your rewards and start trading here.