With an outlay of $300 and volume 300k $ limit order, the project generates approximately $3,000–$5,000 in trading fees from that 300k $ volume, yet distributes only 5,000 points (worth around $250 on the OTC market) to the user.
With an outlay of $300 and volume 300k $ limit order, the project generates approximately $3,000–$5,000 in trading fees from that 300k $ volume, yet distributes only 5,000 points (worth around $250 on the OTC market) to the user.
It is truly far too little.
It is truly far too little.
Reward points for successful transactions should be increased.
Reward points for successful transactions should be increased.
Is getting only 5,000 points for a 350,000 volume too low?
Is getting only 5,000 points for a 350,000 volume too low?
Which yields more points: limit orders or market orders?
Which yields more points: limit orders or market orders?
I checked and found someone else. the fee is $600, but they receive 110k points.
I checked and found someone else. the fee is $600, but they receive 110k points.
I created this account just a week ago, it has a volume of 270k and has earned 1k points.
I created this account just a week ago, it has a volume of 270k and has earned 1k points.
I only calculate volume and points, the PNL value is the same regardless of which prediction method you participate in.
I only calculate volume and points, the PNL value is the same regardless of which prediction method you participate in.
With a volume limit of 300k on Polymarket, you'll get a rebate of $700-$1000, while on Predict.Fun, you only get $50 for 1k points.
With a volume limit of 300k on Polymarket, you'll get a rebate of $700-$1000, while on Predict.Fun, you only get $50 for 1k points.
Feeling cheated for 2 weeks, volume 600k + $500 fee = 6k points
Feeling cheated for 2 weeks, volume 600k + $500 fee = 6k points
If you join a different market, you'll get a $2000 rebate, which is completely unreasonable given the current points system.
If you join a different market, you'll get a $2000 rebate, which is completely unreasonable given the current points system.
If we consider the volume, with a predicted weekly volume of 300k, I would receive 100m x 11m points, meaning I would receive 33k points.
If we consider the volume, with a predicted weekly volume of 300k, I would receive 100m x 11m points, meaning I would receive 33k points.
But in reality, I only received 1-2 thousand points.
But in reality, I only received 1-2 thousand points.
Participate to win future airdrops, but receive fewer points than other projects that offer daily USDC rebates.
Participate to win future airdrops, but receive fewer points than other projects that offer daily USDC rebates.
If I participate in betting on another project, the pnl will also be $26,000.
If I participate in betting on another project, the pnl will also be $26,000.
you received PP in line with your activity tbh. maybe need to re-assess your strategy. There's some tips and tricks throughout the server, just need to put in the effort to find them
you received PP in line with your activity tbh. maybe need to re-assess your strategy. There's some tips and tricks throughout the server, just need to put in the effort to find them
Why not rely on volume makers and takers to distribute points? Instead, the project relies on tricks to gain more points.
Why not rely on volume makers and takers to distribute points? Instead, the project relies on tricks to gain more points.
Meanwhile, volume maker and taker are currently indicators that receive little attention.
Meanwhile, volume maker and taker are currently indicators that receive little attention.
Couple of weeks ago (before PP system was changed) having maker volume on active markets gave significantly more points.
Now, as system has been changed, having orders open on markets with high PP per hour is the primary driver for points. It was always a big factor, but has been bumped even more as of recent.
Taker volume has never really had any love, it was always an inferior way for accumulating points, but now as WC competition is tough and volumes are high, its even less rewarding.
I personally find current PP system terrible and significantly worse than previously, as it incentives idle liquidity. Now the "play" for everybody is providing liquidity in a way that you **don't get filled**, just be in as much snapshots as possible, because actual periodic fills nor maker volume does not matter. I can't believe how somebody came up with this, could one imagine for example a MM bootstrapping program where MMs are incentivized to pull orders as soon as they start getting filled, lmao.
So I sort of agree this system is too one sided and crippled, and will lose to Polymarkets rebate+rewards system (because what Predict currently has is just "Rewards", nothing that incentivizes being an actual maker, you seemingly even get punished for it, receiving almost zero PP), but hope this helps as an explanation.
Couple of weeks ago (before PP system was changed) having maker volume on active markets gave significantly more points.
Now, as system has been changed, having orders open on markets with high PP per hour is the primary driver for points. It was always a big factor, but has been bumped even more as of recent.
Taker volume has never really had any love, it was always an inferior way for accumulating points, but now as WC competition is tough and volumes are high, its even less rewarding.
I personally find current PP system terrible and significantly worse than previously, as it incentives idle liquidity. Now the "play" for everybody is providing liquidity in a way that you **don't get filled**, just be in as much snapshots as possible, because actual periodic fills nor maker volume does not matter. I can't believe how somebody came up with this, could one imagine for example a MM bootstrapping program where MMs are incentivized to pull orders as soon as they start getting filled, lmao.
So I sort of agree this system is too one sided and crippled, and will lose to Polymarkets rebate+rewards system (because what Predict currently has is just "Rewards", nothing that incentivizes being an actual maker, you seemingly even get punished for it, receiving almost zero PP), but hope this helps as an explanation.
<@802217872993812572> (hope tagging is allowed) you need to do something to incentivize maker volume, not penalize it. Otherwise you will just end up with latency wars on "who cancels quicker", this will never end in better liquidity/user experience for actual risk takers. You can have equivalent of maker rebate program built in easily given PP campaign running, but what we see now is inverse rebate program lol
<@802217872993812572> (hope tagging is allowed) you need to do something to incentivize maker volume, not penalize it. Otherwise you will just end up with latency wars on "who cancels quicker", this will never end in better liquidity/user experience for actual risk takers. You can have equivalent of maker rebate program built in easily given PP campaign running, but what we see now is inverse rebate program lol