Rewards are distributed to people utilizing the order book system. In order to receive rewards, you can place buy & sell orders (Lender & Borrower) in the participating pairs. Rewards are claimable for 120 days.
The difference between the price of your order and the market price, as well as the amount of your order, determines the number of rewards you get.
To get the most rewards you need to place your larger buy & sell orders closest to the market price. We will be doing snapshots of the order books once an hour and distribute rewards once a week. NOTE: The once an hour snapshot frequency is not a guarantee, if snapshots are taken at a less frequency, then those less frequent snapshots are weighted heavier.
As you move further away from the market price the rewards diminish.
Rewards Distribution Allocation:
2/3 of the total rewards are split between buy-side (Lenders)
1/3 of the total rewards are split between the sell-side (Borrowers)
The multiplier is used to multiply it by the order size and that will then become the weight for your position