Ithaca
  • OVERVIEW
    • Ithaca Overview
  • ARCHITECTURE
    • Pre-Match Processing
      • Frequent Batch Auctions (FBA)
        • Auction Specifications
        • Common Product Specifications
        • Orders
      • Risk Sharing Building Blocks (RSBB)
      • Mixed Integer Linear Programming (MILP) Optimization
      • Portfolio Dominance
      • Matching Process Summary
    • Post-Match Processing
      • Settlement
      • User Funds
      • Collateral Optimization Engine
        • Trade Collateralization
        • Portfolio Collateralization
  • ECOSYSTEM
    • Progressive Decentralization
    • Airdrops
      • Season One
        • Earning Points
        • Trading Points
          • Fills
          • Orders
          • Bespoke Trading Incentives
        • Engagement Points
          • Referrals
        • Badges and Special Points
        • Point Activation - Sybil Resistance
        • Halvings
    • Fees
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  1. ECOSYSTEM
  2. Airdrops
  3. Season One
  4. Trading Points

Fills

Points for filled orders are awarded based on volumes submitted.

Points earned for fills are based on the volume of each fill divided by the base volume times a points multiplier of 1,000.

Fill Points = ( Fill Volume / Base Volume ) * 1,000

Base volume per product:

  • Digital Options: 20 USDC

  • Vanilla Options: 0.2 ETH

  • Forwards: 0.8 ETH

FILL EXAMPLES

  1. Filling 1 ETH of a vanilla call option would earn

10.2 1,000 = 5,000 points

  1. An Iron Condor Strategy with 4 legs of 1 ETH each would earn:

4 10.2 1,000 = 20,000 points

  1. An Up-and-In Barrier Strategy “The Sniper” would earn

Leg 1 - 1 ETH Vanilla call: 10.2 1,000 = 5

Leg 2 - 200 USDC Digital Call: 20020 1,000 = 10,000 points

Total: Leg 1 + Leg 2 = 15,000 points

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Last updated 4 months ago