OP Rewards Released, New Features Teased

🚀 Rewards and Surprises Await

By Rubicon
Oct 10, 2024, 2:01 PM
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Latest Update:

  • Final 3 weeks of OP rewards now available
  • Delay in release acknowledged

Upcoming Developments:

  • New integrations in progress
  • Two exciting features announced: 1.​ RUBI LP 2.​ RUBI Arena

Previous Updates:

  • Last two weeks of rewards claimed in app
  • ODOS integration pending, team back from ETH CC
  • Coin Gecko listing in progress, API iterations ongoing
  • First token project partnership announced

Stay tuned for more details on these developments and how they can benefit Rubicon traders.​

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Read more about Rubicon

Rubicon Releases OP Trading Rewards and Shifts Focus to Decentralization

Rubicon has released most OP trading rewards, with 80% rewarding direct volume and 20% rewarding active market making liquidity. One user captured all 20% as a market maker in the first period, highlighting opportunities for new market makers. Key updates: - Trading experience is now strong and mostly complete - Focus shifting to decentralization - New whitepaper released - Discussions with potential investors ongoing Rubicon encourages users to explore market making opportunities and offers support for those interested. The platform aims to provide sustainable OP farming and future governance token farming. Check out the new whitepaper for details on Rubicon's decentralization plans.

Rubicon Updates Trading Rewards Formula

Rubicon announces changes to its trading rewards system, starting after epoch #29. The new formula, based on dydx's model, requires liquidity on both sides of the order book. Snapshots are taken randomly every minute, with minimum size and depth requirements. To ease the transition, rewards for the next epoch will be split 50/50 between old and new styles. Participants are encouraged to run liquidity bots, with Rubicon planning to release bot resources soon. Other updates include Coingecko integration for L2 networks, improved Trading UX with websocket support, and ongoing work on RFQ integrations with ODOS and Paraswap.

Trading Rewards and Development Updates

Last week's trading rewards are now claimable in the app. A new Markets page with 24-hour data is live. Integration with Coin Gecko is progressing. Open-source bots are in development, including an in-house version and Hummingbot integration. Market efficiency has improved with the Monolith trading engine launched on multiple chains. RFQ integration with ODOS and Paraswap is underway, with ODOS already integrated as a live filler for L1 trades. The team is pursuing a clear path to TGE, considering options between a VC round or direct launch.

Rubicon Provides Update on Rewards and Partnerships

Rubicon has announced that the final two weeks of rewards are now available for traders to claim in the app. The company is awaiting integration with ODOS, whose team has recently returned from ETH CC. Rubicon is also in the process of being listed as a venue on Coin Gecko, making iterative improvements to their API based on feedback. Additionally, Rubicon has revealed plans to announce their first token project partnership later this week. The company expressed optimism about these developments and encouraged continued engagement from their community.

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