KyberSwap Bi-Weekly Update (19/07/2024)

KyberSwap STIP Bi-Weekly Report

KyberSwap STIP Campaign launched 8th July only: KyberSwap STIP Trading Campaign

Start of KyberSwap STIP Campaign: 8th July 2024

First batch of Distributed Rewards : 22nd July 2024

Planned Distribution of Rewards: 40,500 ARB per week starting 22nd July 2024.

Plan on distributed Rewards:

  • 31,500 ARB distributed per week for Aggregator Trading Campaign with 1 week vesting period
  • 9,000 ARB distributed per week for Limit-Order Campaign with 1 week vesting period

STATS

Aggregator Trading Campaign:

Since the start of the Campaign, we noticed incredible growth of Volume for KyberSwap Aggregator with 2.1B$ Volume in only 1 week!

  • 6635 participants
  • 2.13B$ Volume
  • 120,292 transactions
  • 2.20654531 ETH gas spent

Limit-Order Campaign:

In the first week of Limit-Order Trading we noticed a remarkable increase of volume and liquidity that flew to KyberSwap Limit-Order.

  • 94 participants
  • 4.759M$ Volume

Plan For Next 2 Weeks

We’re implementing fixes on the Aggregator campaign to avoid wash-trading, flash loans and other bad behaviour. Full details in this tweet: KyberSwap STIP Updates

We will continue to monitor the campaign to ensure a smooth experience for all users.

Currently remaining ARB grant: 450,000 ARB (untouched)

KyberSwap STIP Bi-Weekly Report (15/07 to 04/08)

STATS

Aggregator Trading Campaign:

Week 2-3-4 from 15th July to 4th August:

We disincentivized heavy wash trading after Week 01, in order to see more organic volume and distribute rewards fairly among all users.

  • 8784 participants (in average per week)
  • 65,67M$ Volume (in average per week)
  • 54389 transactions (in average per week)

Limit-Order Campaign:

Between Week 02 to Week 04, we noticed a significant increase in Filled Volume, tripling the amount of the first week.

Week 2-3-4 from 15th July to 4th August:

  • 44 participants (in average per week)
  • 13.01M$ Volume (in average per week)

Reward Distribution

The Distributor Contract is topped up every Week with 40,500 ARB on this address:
0x6a4c79289FB5B7a7dDb71F7Eff6A2CBE59bE5E60

So far, KyberSwap distributed 121,500 ARB for Week 01-02-03 users (08-28 July).

Plan For Next 2 Weeks

The General Campaign continues to run as expected.

KyberSwap will continue to monitor the campaign to ensure a smooth experience for all users.

KyberSwap STIP Bi-Weekly Report (05/08 to 25/08)

STATS

Aggregator Trading Campaign:

We added new rules to blacklist JIT Liquidity Attacks, Flashloan attacks and other similar behaviours.

Week 5-6-7 from 5th August to 25th August:

  • 6054 participants (in average per week)
  • 54.49M$ Volume (in average per week)
  • 73762 transactions (in average per week)

Limit-Order Campaign:

We noticed a decline in “Filled Volume” for the KyberSwap Limit-Order since $ARB price dropped 40% between July and August, impacting the attraction of the campaign.

Week 5-6-7 from 5th August to 25th August:

  • 24 participants (in average per week)
  • 6.39M$ Volume (in average per week)

Reward Distribution

The Distributor Contract is topped up every Week with 40,500 ARB on this address:

0x6a4c79289FB5B7a7dDb71F7Eff6A2CBE59bE5E60

So far, KyberSwap distributed 243,000 ARB for Week 01-06 users (08 July -18 August).

Plan For Next 2 Weeks

The General Campaign continues to run as expected.

KyberSwap will continue to monitor the campaign to ensure a smooth experience for all users.

KyberSwap STIP Bi-Weekly Report (26/08 to 15/09)

STATS

Aggregator Trading Campaign:

In the last 3 weeks the campaign ran as expected, no major issues were encountered.

Week 8-9-10 from 26th August to 15th September:

  • 4670 participants (in average per week)
  • 48.61M$ Volume (in average per week)
  • 75522 transactions (in average per week)

Limit-Order Campaign:

Volume is slightly up in the last 3 weeks.

Week 8-9-10 from 26th August to 15th September:

  • 17 participants (in average per week)
  • 7.748M$ Volume (in average per week)

Reward Distribution

The Distributor Contract is topped up every Week with 40,500 ARB on this address:

0x6a4c79289FB5B7a7dDb71F7Eff6A2CBE59bE5E60

So far, KyberSwap distributed 364,500 ARB for Week 01-09 users (08 July -08th September).
Last batch of rewards for Week 10 (40,500 ARB) will be distributed 22nd September.

Plan For Next Week

All rewards for Trading & Limit-Order campaign will be fully distributed on 22nd September.
Rewards for Referral Campaign + Referral Campaign Leftover will be distributed between 23rd and 27th.

Full Report coming next week.

STIP Referral Report

Stats

  • Users that created a referral link: 1021 wallets
  • Confirmed Referrers: 181 wallets
  • Users that have been referred: 885 wallets
  • Confirmed Referees: 268 referees
  • Eligible Referrer & Referees Wallets above 0.001 ARB: 449 wallets

On the 45,000 ARB available for the Referral Campaign, 37,343 $ARB have been distributed to 449 users.

On top of the initial Referral Rewards, we have distributed the remaining 7,657 $ARB (leftover) equally to top participants in the same way we allocated ARB to our 3 campaigns:

  • Top 100 Trading Campaign Wallets by points: 70% (~53.59 $ARB per wallet)
  • Top 20 Limit-Order Campaign Wallets by points: 20% (~76.56 $ARB per wallet)
  • Top 21 Referral Campaign Wallets by points: 10% (~36.46 $ARB per wallet)

The tokens have been airdropped, and no further action is required from users.

Tx hash:

Remaining leftover is: 0.007 $ARB

Kyber STIP Airdrop Referral.csv

KyberSwap has distributed all of its 450,000 ARB rewards to users.

Thank you to all that made possible this STIP Campaign!