Points are distributed weekly based primarily on market and platform activity.
We allocate points based on three principles:
- Limit Orders and Liquidity.
Placing resting Limit Orders on Myriad's order book yields the highest amount of weekly MYR Points.
While all limit orders are counted in the weekly point drop at the higher rate, additional points are rewarded for the following:
- Limit orders that rest close to the order book’s midpoint (price between the lowest ask and the highest bid)
- Generating maker volume on order book markets.
- Trading Volume & Open Interest.
The more you trade, the more you earn. This can be broken down into 2 paths, both yielding identical MYR Points:
- Total volume, how much you have traded across the week on both buys and sells.
- The size of open positions, holding positions is also quantified in the weekly points drop.
- Alpha Markets, every now and then, specific markets are selected for boosted weekly MYR Point rewards based on volume and open positions. Keep an eye on Socials to know which markets are boosted week by week!
- Referred users / Referred Volume
Referring new traders to Myriad will earn you MYR Points based on the the volume they generate. Referrals can stack, so the more people you refer and the more active your referrals are, the more points you collect passively.
Weekly and All-time Points distribution can be checked HERE
Leaderboard
The Leaderboard ranks users based on their activity and performance on Myriad. On the Leaderboard page, you can switch between two views:
- PnL / Volume, shows Profit/Loss and overall volumes.
- Points, shows ranks of users based on SZN 3 Points.