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Merge pull request #271 from mangrovedao/fix/remove_com_points
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Change formula for points
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DanielRX authored Apr 23, 2024
2 parents 05c9906 + df49b5f commit 1688ef3
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6 changes: 5 additions & 1 deletion docs/general/points/points.md
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Expand Up @@ -22,9 +22,13 @@ The Mangrove Season 1 Points Program is designed to reward active participants,


$$
Total\ points = (Trading\ Points + LP\ Points) * Boosts + Referral\ Points + Community\ Points
Total\ points = (Trading\ Points + LP\ Points) * Boosts + Referral\ Points
$$

:::note
Community Points do not contribute to Total Points for Leaderboard Rankings. They will be allocated specifically after the MS1 program concludes
:::

* **Trading Points**: Determined by market-specific weightings and calculated based on trade volume. Includes market and limit/amplified orders (in a scenario where LO is partially filled with market order).
* **Liquidity Provision (LP) Points**: Also market-weighted, calculated from uptime, liquidity's proximity to mid-price, and generated volume. Includes limit orders, amplified orders and strategies.
* **Boosts**: A tiered level system increasing LP and trading points, determined by trading volume and volume generated.
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