Traders can earn Points during the Rewards Program. The Points you can earn as a Trader depend on your open interest and trading volume on Primex.

The higher your trading volume, the more Points you will earn as a Trader throughout the campaign. Reaching higher volume-based tiers could also multiply the rate at which you receive Points.

For example, suppose you get 100 Points for every $1,000 you trade on a day on Primex. This is the basic tier, so it has a rewards multiplier of 1.0. However, trading $2,000 a day will advance you to the next tier, which has a 1.2 multiplier. So, besides receiving 200 Points, you will also collect an additional 40 Points, so 240 Points in total. On the other hand, reaching the $4,000 tier will multiply your Points by 1.44, earning you a total of 576 Points.

In addition to the daily trading volume, Primex also considers your lending activity to calculate volume-based rewards. The more liquidity you provide as a lender, the higher is your trader reward multipliers.

You can also earn Points based on your open interest throughout the program. On Primex, open interest is the amount of liquidity you hold in open Spot 1X and Margin positions during the day. It is a crucial metric for intraday trading, which influences Lenders' APYs (the higher the open interest in a Bucket, the more Lenders will earn).

As Spot 1x positions use no leverage, Primex will only take your own liquidity into account for calculating open interest rewards. However, both your initial deposit and the capital you borrow will be considered for Margin positions.

For instance, suppose you will earn 100 Points for every $1,000 held in open Spot 1X or Margin positions each day. So, if you deposit and keep $2,000 in an open Spot 1X position, you will receive a daily 200 Points until your position gets closed. However, if you borrow $8,000 of capital with a 5x leverage on top of your $2,000 initial deposit, you will earn 1,000 Points on every day you keep your Margin position open.

We have detailed guides on Margin and Spot 1X trading in the dedicated section of this Help Center which you can access via this link.