Optimism Ecosystem Perpetual Swap Exchange Pika Protocol Announces $OP Distribution Plan

Optimism ecosystem perpetual swap exchange Pika Protocol announced the $OP distribution plan, which awards 150,000 $OP to early (30%) and future (70%) traders; 600,000 tokens as liquidity incentives, 20% to early LPs and 80% to future LPs; and 150,000 $OP as grants, 10% to early contributors and 90% reserved for future rewards. The rewards distributed to Early Traders (45,000 $OP) and Early LPs (120,000 $OP) were snapshotted on July 16, 2022, and traders who paid more than $10 in transaction fees before that date and Pika v2 LPs with net negative PnL (PnL = withdrawal - deposit + reward) of over 20 $USDC are eligible. For each 1 $USDC fee paid, 0.306 $OP is rewarded. The reward is capped for those big traders with over 1,000 $USDC in fees, where all of them are rewarded 306 $OP each. The conversion ratio for the Early LPs rewards is 0.1786 $OP per $USDC.