For trader

For trading on NevDEX, users receive a NDX token as a reward.

The more trading commissions a user pays, and the higher his average open interest, the more tokens he will receive.

How does it work for trader?

Once a minute, NevDEX takes a snapshot of the users' open interest. After the end of the epoch, the paid commissions are calculated, and according to the formula below, the R-score is calculated as well. The user receives a fraction of the total rewards for the epoch corresponding to his share of the R-score.

Rewards are calculated using the following formula:

uRscore – user's Rscore

uFees – user's fees

uOI – user's open interest

uNDX – user's reward in NDX

tRscore – total Rscore

Average Open Interest in USDC per epoch is used for calculations:

A snapshot of mP and OI is taken at a random time every minute.