It’s Halvening! Kind of…

To incentivize liquidity and trading activities in a multi-chain setup, we will split the current LVL incentives between BNB Chain and Arbitrum.

The LVL incentive allocation for BNB Chain will be adjusted as follows:

1. Liquidity Incentives

• LVL/BNB: 1000 LVL per day → 500 LVL per day
• Senior Tranche: 500 LVL per day → 250 LVL per day
• Mezzanine Tranche: 1000 LVL per day → 500 LVL per day
• Junior Tranche: 500 LVL per day → 500 LVL per day

2. Trading incentives:

• Referral rewards: Unchanged
• lyLVL rewards: 10,000 LVL per day → 5,000 LVL per day
• Total LVL daily rewards cap: 30,000 LVL per day → 15,000 LVL per day
• Once $100,000 of trading fees have been collected each day, a baseline reward of 5,000 LVL is allocated to the rewards for the day. Additional rewards are allocated at $50,000 trading fee hurdles as revenue is collected throughout the day. Each of the hurdles reached corresponds to an additional $10,000 worth of LVL rewards (reduced from $20,000).

These changes will be effective from 31st May, 2PM UTC