Overview
The mySwap CL Leaderboard offers a dynamic and strategic platform for users to enhance their position within the mySwap ecosystem through an innovative points-based system. This system is designed to reward users for their trading activities, specifically focusing on the lifetime fees generated from both active and settled positions. Here's an overview:
Comprehensive Points Calculation: Points are based on the fees accrued in each position. These fees are converted into USD and are influenced by a variety of factors including the liquidity pool's specifics, the initiation time of the position, active participation within the mySwap community, and the security measures of the user's account. It's important to note that the calculation formula is subject to refinement and updates without prior notice.
Strategic Timing and Pool Selection: The system incentivizes early position minting and strategic selection of liquidity pools. Positions created at earlier dates receive a higher points multiplier, rewarding long-term participation. Similarly, engaging with specific pools, especially those with lower transaction fees or designated as special, can significantly enhance points accumulation. This approach encourages a thoughtful and strategic engagement with the platform's offerings.
Best Practices for Maximization: Users are advised to maintain active and concentrated positions to optimize fee generation and, consequently, points accrual. The platform simplifies this process through features like one-click rebalancing, allowing users to adjust their positions effortlessly to stay within the most lucrative ranges.
This leaderboard system is designed for users who are keen on maximizing their engagement and profitability within the mySwap platform. It rewards foresight, strategic planning, and active participation, aligning user incentives with the overall health and dynamism of the liquidity pools.