Trade mining

Trade mining is a form of liquidity mining that ensures active traders receive DDX so that they can participate in DerivaDAO governance (and receive reduced fees, when paying in DDX). Makers and takers receive proportional shares of a DDX allotment every payment epoch.

As is the case with all parameters on DerivaDEX, trade mining distributions are subject to DerivaDAO governance, but initial parameters likely will be:

• 35,000,000 DDX emitted over a 10-year horizon every trade mining epoch (~8 hours) = ~3196 DDX every trade mining epoch

• 80% of this distribution goes to market takers, proportionally divided to them based on their taker volume vs the global taker volume during the trade mining epoch

• 20% of this distribution goes to market makers, proportionally divided to them based on their maker volume vs the global maker volume during the trade mining epoch

All DDX holders are able to vote and delegate voting power. Holders who have above 1% of the circulating supply (either held outright, or via delegation) may make proposals. These numbers are subject to modification via governance proposal.