Drift Collateral Rewards
At Drift, we're exploring a new approach to incentives.
Starting with syrupUSDC, we incentivize traders who open perp positions using their deposited collateral. This ensures rewards are tied to both providing liquidity and taking active trading positions. For additional details on the campaign, please see the Maple blogpost (opens in a new tab)
How Rewards Work
Note: We use syrupUSDC to illustrate the incentive structure. The same rules, mechanics, and reward calculations apply to any future promotions unless stated otherwise.
Deposit syrupUSDC as collateral for an active perpetual position to start earning rewards.
- Incentives accrue continuously and are distributed among participants who meet both criteria:
- Have syrupUSDC deposited as collateral.
- Maintain an active perpetual position.
Your share of rewards is based on:
min(deposited syrupUSDC, open perp notional)This means rewards are aligned with both your syrupUSDC balance and your trading activity.
Maximizing Rewards
To earn the most from incentives:
- Keep your open interest (OI) in perpetuals higher than your deposited syrupUSDC balance.
- Maintain active positions during the reward cycle to maximize accrual.
- Monitor your collateral and notional exposure to avoid being capped by the
min()rule above.