Reward Gauges are now live on Stryke, providing a new way for liquidity providers (LPs) to earn rewards in the WETH and WBTC markets. This system ensures LPs are rewarded fairly based on their contributions, while keeping the market liquid and active.
Why Reward Gauges Matter
Liquidity is crucial to any decentralized market. Reward Gauges direct incentives to liquidity providers, ensuring the market remains healthy and efficient. By rewarding LPs based on their actual contributions, this system strengthens Stryke’s liquidity and supports its ongoing growth.
How Reward Gauges Work
Reward Gauges allocate rewards to important areas like liquidity pools and staking programs. Holders of xSYK tokens can vote on where these rewards should go, ensuring that distribution is fair and community-driven. This flexible system can adapt to the evolving needs of Stryke, keeping the incentives aligned with the protocol’s priorities.
Everything is transparent: reward allocations and adjustments are recorded on-chain for full visibility, ensuring fairness in how rewards are distributed.
What’s in it for LPs?
With the first gauges focused on the WETH and WBTC markets, LPs can now earn rewards directly tied to their liquidity contributions. As market conditions change, the reward distribution can be adjusted, allowing LPs to consistently maximise their returns.
This system is designed to respond to the needs of both the protocol and its liquidity providers, ensuring rewards go where they’re needed most.
Stay Tuned for More
A UI walkthrough for Reward Gauges will be published soon, providing a step-by-step guide for the community on how to use the new feature.
For more details on how Reward Gauges work, visit our documentation
About Dopex
Dopex is a decentralized options protocol that aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers — all in a passive manner. Dopex uses option pools to allow anyone to earn a yield passively. Offering value to both option sellers and buyers by ensuring fair and optimized option prices across all strike prices and expiries. This is thanks to our own innovative and state-of-the-art option pricing model that replicates volatility smiles.
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