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Trader Incentive Program

For trading on Spin, users receive a Spin token as a reward.

The more trading commissions a user pays, and the higher his average open interest, the more tokens he will receive.

Once a minute, Spin takes a snapshot of the users' open interest. After the end of the epoch, the paid commissions are calculated, and according to the formula below, the R-score is calculated as well. The user receives a fraction of the total rewards for the epoch corresponding to his share of the R-score.

Rewards are calculated using the following formula:

$uRscore = uFees^{0,7} * uOI^{0,3}$

$uSPIN = uRscore / tRscore$

Average Open Interest in USDC per epoch is used for calculations:

A snapshot of mP and OI is taken at a random time every minute.

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