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The program is designed to reward participants with rebates based on actual trading activity, using a transparent, volume-driven model.

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1. Program Overview

All traders with meaningful taker volume are eligible to receive rebates on trading fees.
Rewards are distributed in APT, USDC, and XP (convertible into EKI at TGE).
  • Participants can earn back up to 90% of taker fees paid.
  • Rebates are calculated monthly based on total fee spend and volume tier.
  • The program will run for an initial 3-month campaign.

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2. Eligibility Requirements

To qualify:
  • No Minimum Monthly Volume: Everyone is rewarded.
  • Minimum Fills: 10 taker-side fills
  • Window: 30-day rolling window, reviewed daily
A “fill” is an individual matched trade resulting in execution.

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3. Fee Rebate Structure

Eligible takers receive monthly rebates based on taker fee spend. Rebates are split across:
  • APT – subject to availability via ecosystem grants
  • USDC – funded from Ekiden’s trading incentive pool
  • EKI – credited as XP toward a future token allocation at TGE

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3.1 Volume-Based Rebate Tiers

30-Day VolumeRebate % of Taker Fees Paid
$0-$10M10%
$10M-$20M20%
$20M-$30M30%
$30M–$100M50%
$100M–$500M70%
$500M+90%
Rebates are calculated post-trade and distributed monthly to approved participants.

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4. XP and EKI Incentives

In addition to rebates, qualified takers earn XP based on their notional trading activity. XP determines a trader’s share of the EKI token allocation at TGE.

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4.1 XP Formula

XP = ($ Notional Volume / 1,000) × Volume Multiplier

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4.2 XP Multipliers

7-Day Taker VolumeXP Multiplier
$25M – $100M1.0x
$100M – $500M1.5x
$500M+2.0x
XP resets weekly and can unlock early access to markets, governance influence, and institutional-level support.

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5. Fee Schedule

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5.1 Taker & Maker Fee Tiers

30-Day VolumeMaker FeeTaker FeeTaker Fee (bps)
$0+0.02%0.05%5.00 bps
$2.5M+0.02%0.05%4.50 bps
$5M+0.01%0.04%4.00 bps
$10M+0.01%0.04%3.50 bps
$20M+0.01%0.03%3.00 bps
$30M+0.01%0.03%2.50 bps
$50M+0.00%0.02%2.00 bps
$75M+0.00%0.02%1.50 bps
$100M+0.00%0.01%1.25 bps
$250M+0.00%0.01%1.00 bps
$500M+0.00%0.01%1.00 bps
$1B+-0.01%0.01%1.00 bps
Rebates are calculated after taker fees are charged. Fees are paid at trade execution; rebates are returned monthly.

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5.2 Rebate Example

Trader A executes $200M in taker volume over 30 days.
  • Taker fee (from schedule): 0.0125%
  • Fees paid: $200M × 0.000125 = $25,000
  • Rebate tier: 70% → $17,500 in rewards
  • Split format:
    • APT (up to 50%)
    • USDC (up to 50%)
    • EKI – XP credited for future EKI allocation
Net effective cost: $7,500, or 0.375 bps

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6. Fair Play & Abuse Policy

To maintain program integrity, Ekiden enforces strict anti-abuse policies. The following behaviors are grounds for disqualification:
  • Self-trading or circular flow between related wallets
  • Artificial volume generation (wash trades, spoofing)
  • Multi-account farming
  • Exploiting snapshot timing or rounding bugs
Ekiden reserves the right to audit, disqualify, or revoke rewards at its discretion.

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7. Reward Distribution

  • Payouts: Monthly
  • Assets: APT, USDC, XP (EKI)
  • Method: On-chain distribution to whitelisted addresses

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8. How to Apply

  1. Contact the Ekiden team at team@ekiden.fi
  2. Submit your firm name, trading wallet(s), estimated volume, and API endpoints
  3. Onboarding includes private support, XP dashboard access, and volume tracking tools

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9. FAQ

Q: Can I refer to other firms?
Referral incentives are available. Contact us for terms. Q: How do I track my XP and rebates?
Qualified firms receive access to a private taker dashboard. For any questions or onboarding, please contact the Ekiden partnerships team:
team@ekiden.fi