Perpetual Swap Exchange Pika Protocol Launches Liquidity Incentive Program

Optimism ecosystem perpetual swap exchange Pika Protocol announced that the $OP incentives for Pika liquidity providers starts today. 480,000 $OP will be distributed to $USDC vault depositors over the next 6 months. Previously, 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. Users who are eligible can now claim their $OP reward. The reward will remain claimable until December 2nd, 2022.