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Learn how community members earn by contributing to AirSwap |
Protocol fees on AirSwap support development, growth, and upkeep of AirSwap protocols and apps. Protocol fees are routed to two destinations: a contributor tips pool and a voter rewards pool. This guide explains the system and how you can earn for helping to operate it.
Each month, a contributions thread is opened on Discord. Communicating your contributions is part of your responsibility as a contributor—help your fellow contributors by clearly stating what you have achieved for the month.
{% hint style="warning" %} If you have not contributed for the month, always opt-out of receiving GIVE for that epoch. Anyone who did not describe their contributions or opt out will be removed from the circle and will have to be re-nominated for future rounds. {% endhint %}
Coordinape epochs are 1-6 of each month to allocate GIVE tokens among fellow contributors based on impact. Individual contributors earn proportionally to GIVE received. In case of a shortfall in protocol fees against the monthly minimum ($30K) then AST is requested from treasury.airswap.eth.
{% hint style="warning" %} The allocation system is fully transparent. Allocate fairly and honestly! {% endhint %}
At the end of each voting period, a number of points is awarded based on the number of staked AST used to vote on proposals. Points enable you to claim a percentage of the rewards pool based on the formula
where R is the rewards you can obtain, P is the number of points used to claim (multiplied by 10^4), B is the token balance in the rewards pool, S and M are community adjustable parameters (currently set to S = 10 and M = 100). The formula results in rewards being distributed on a smooth curve based on the number of points used to claim.
Protocol fees transfer from Swap and SwapERC20 contracts to a Split contract, which distributes balances to the rewards pool and contributor tips Swapper contract, which converts various token balances into a single token.
{% hint style="warning" %} Rewards and tips do not top up until a withdrawal is performed by a community member—so keep an eye on the split balances if you’d like to help out. {% endhint %}
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Earn a 1% reward to perform distributions and withdrawals on the Split contract. Anyone can trigger these anytime by clicking "Distribute & withdraw for all" button.
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Earn a 1% reward to perform conversions on the Swapper contract. Anyone can trigger these anytime by clicking the "Swap" button.
{% hint style="info" %} In both cases, scripts or bots are often developed to perform these actions and earn rewards in an automated way while supporting the trustless operations of AirSwap. {% endhint %}