### Author(s)

Evmos DAO

### Summary

The Evmos DAO requests 495,500 EVMOS to incentivize UniDex perpetual options trading on Evmos. This 120 day program comprises volume based rewards for the first 30 days and PnL based rewards for the following 90 days, distributed as stEVMOS.

### Abstract

UniDex opens up perpetual options across 49 markets to Evmos. The Catalyst Incentives Program aims to kick off trading activity, liquidity, and user engagement through a structured program with volume-based and PnL-based rewards. Over a duration of 120 days, divided into four periods, a total of 495,500 EVMOS, converted to stEVMOS, will be allocated as rewards. The first 30-day period focuses on volume-based rewards, while the subsequent three periods center on PnL-based rewards for top traders.

### Motivation

The Catalyst incentives program enhances trading opportunities within the Evmos ecosystem. For the first time, through the integration of UniDex, available at [leverage.unidex.exchange](https://leverage.unidex.exchange/) and [perps.forge.trade](https://perps.forge.trade/), users within the Evmos ecosystem can engage in perpetual options trading. UniDex introduces access to new markets, tracking crypto, forex, and indexes, marking a significant expansion in our trading capabilities.

A unique value proposition for users is the integration of stEVMOS as the primary collateral for trading. stEVMOS, the liquid staked version of EVMOS, accrues value in relation to EVMOS, offering a collateral option that grows in value. This adds a new utility to stEVMOS, strengthening the overall Evmos ecosystem.

Introducing these incentives aims to catalyze increased trading activity and liquidity on UniDex and increase utility and demand for assets on Evmos. This initiative seeks to attract a broader audience, including traders across the Cosmos ecosystem, promoting community engagement and growth.

Through Catalyst, we are empowering new trading options while reinforcing the value proposition of stEVMOS and enriching the Evmos ecosystem. This program represents a step towards establishing Evmos as a versatile and competitive player in the DeFi space, capable of attracting and retaining a diverse and active user base.

### Duration

5 Periods Total

* Pre-Period: Retroactive LP Rewards

* Period 1: Volume-Based Rewards

* Periods 2-4: PnL-Based Rewards

### Pre-Period: LP Incentive

* Duration: Nov. 30th until the start of the Catalyst program’s Period 1

* Total Reward Pool: 10,000 EVMOS

* Tracking Method: Multiple snapshots of liquidity providers will be taken during this pre-period to accurately reflect the liquidity provided by participants over time.

* Proportional Rewards: stEVMOS Liquidity Providers receive rewards from the pool proportional to their percentage share in the snapshots. Rewards will be capped at 1% of the account’s total liquidity provided.

* Distribution: Distributed after Catalyst begins

### Period 1: Volume-Based Rewards

* Duration: 30 days

* Total Reward Pool: 100,000 EVMOS (converted to stEVMOS)

* Minimum Volume Threshold: $2,500

* Proportional Rewards: Traders receive rewards from the pool proportional to their percentage share of total trading volume across all pairs.

<table>

<tr>

<td>

Period 1 Reward Structure

</td>

<td>

</td>

</tr>

<tr>

<td>Total Reward Pool

</td>

<td> 100,000 EVMOS (converted to stEVMOS)

</td>

</tr>

<tr>

<td>Minimum Volume Threshold

</td>

<td>$2,500

</td>

</tr>

<tr>

<td>Reward Distribution

</td>

<td>Proportional to share of total volume

</td>

</tr>

</table>

### Periods 2-4: PnL-Based Rewards

* Duration: 90 days

* Total Reward: 385,500 EVMOS (Converted to stEVMOS)

* Reward structure: Top 20 PnL traders rewarded after each 30 day period.

* Total Rewards Per 30 day period: 128,500 EVMOS (converted to stEVMOS)

#### Top 20 Traders Overall

<table>

<tr>

<td>Placement

</td>

<td>Reward

</td>

</tr>

<tr>

<td>1st

</td>

<td>25,000 EVMOS

</td>

</tr>

<tr>

<td>2nd

</td>

<td>18,000 EVMOS

</td>

</tr>

<tr>

<td>3rd

</td>

<td>12,000 EVMOS

</td>

</tr>

<tr>

<td>4th

</td>

<td>10,000 EVMOS

</td>

</tr>

<tr>

<td>5th

</td>

<td>7,000 EVMOS

</td>

</tr>

<tr>

<td>6th - 10th

</td>

<td>5,000 EVMOS

</td>

</tr>

<tr>

<td>11th - 15th

</td>

<td>4,000 EVMOS

</td>

</tr>

<tr>

<td>16th - 20th

</td>

<td>2,300 EVMOS

</td>

</tr>

<tr>

<td>

</td>

<td>

</td>

</tr>

<tr>

<td>Monthly Total

</td>

<td>128,500 EVMOS

</td>

</tr>

</table>

### Tracking & Reporting

* [Real-time dashboard](https://comp.unidex.exchange) for traders to monitor their position.

* Regular updates on standings.

### Reward Distribution

* Volume-based rewards distributed after Period 1

* PnL-based rewards distributed for Periods 2-4

### Marketing & Communication

* Promotions, engagement, and transparency around program structure.

### Evaluation & Improvements

* Collect trader feedback

* Assess program's impact on key metrics

### Multi-sig

3/5 - evmos:0xCa49CD4F63fC1277B68242Cf2a4bf6e0968caDeD

* tlopplot | EvmosDAO

* GV | Swiss Staking

* Luis | Interbloc

* Antrix Validators

* CriptoRuim | Tedcrypto