Campaign period: 5 days, December 8, 2021, 13:00 - December 13, 2021, 12:59 (UTC)
[Hold DYP to Enjoy a 500% APY]
During the campaign, users who have 150 DYP or more in their balance can enjoy a 500% APY. The longer you hold, the higher yield you will get. The prize pool totals 3,400 DYP. Each participant can win up to 200 DYP.
[Trade DYP to Win from 3,400 DYP]
During the campaign, users who trade 100 USDT or more in DYP will be eligible to win from 3,400 DYP in proportion to their trading volume. Each participant can win up to 200 DYP.
Rules and Terms:
- Campaign period: 5 days, December 8, 2021, 13:00 - December 13, 2021, 12:59 (UTC)
- The eligible DeFi Yield Protocol (DYP) trading pair of this campaign is DYP/USDT.
- We calculate the cumulative trading volume of DYPin the following way: Trading volume = Sum (executed buys of the DYP trading pair) + Sum (executed sells of the DYP trading pair).
- Deposits or withdrawals will not count towards the trading volume.
- The trading volume will be calculated in USDT.
- [Hold DYP to Enjoy a 500% APY] Users may join the campaign on any given day, and Poloniex will take four snapshots of users' DYP balance randomly on a daily basis. Please make sure you have sufficient DYP balance [Wallet > Asset Balance > DYP] in your wallet during this time. DYP in pending orders, pending deposits, and pending withdrawals will not count towards your balance.
- Reward calculation: DYP reward for a user = Total DYP the user holds *500%* Number of snapshots showing that the user holds DYP/365 days/4 (number of snapshots taken each day).
- For example: User A has a balance of 2,000 DYP after depositing/trading on the second day of the campaign, and holds the same amount until the end of the campaign. Therefore, User A has 6 days of snapshots (6*4=24 snapshots in total), which translates into a prize of 2,000*500%*24/365/4=164 USDT.
- Rewards are calculated based on the APY of the stage and start to accrue when the first snapshot of the account's balance is taken. The total prize pool of this campaign is 3,400 DYP. At the end of the campaign, if we determine that the total prize pool is not enough to offer an APY as specified, we will distribute the prize to users in proportion to their balance and days of participation.
- [Trade DYP to Win from 3,400 DYP] Reward calculation: Reward for a user = 3,400 DYP * The user's cumulative trading volume of DYP / Total trading volume of DYP of all eligible users.
- For example, User A's DYP trading volume is 2,000 USDT during the campaign, while the total trading volume of all eligible users is 50,000 USDT. In this case, User A's reward =3,400 DYP*2,000/50,000=136 DYP.
- Poloniex Plus Silver or higher-level members are not eligible for this campaign.
- Reward distribution: All rewards will be distributed in ten working days after the campaign ends. You can log in to your account and view the rewards in Activity > Wallet.
- Users deemed to have used multiple accounts in an attempt to win multiple prizes will be disqualified from this campaign.
- We are unable to distribute rewards or airdrops to customer accounts that are frozen, closed, or based in a prohibited country. Users in the following countries/regions will not be eligible for this campaign: American Samoa, Cuba, Guam, the Islamic Republic of Iran, the Democratic People's Republic of Korea, the Northern Mariana Islands, Puerto Rico, Seychelles, the Syrian Arab Republic, the United States Minor Outlying Islands, the United States, and the United States Virgin Islands.
- The rules of the promotion shall be subject to Poloniex’s interpretations and decisions, which shall be final. We reserve the right to disqualify any person who is known or suspected to be cheating or violating any rules and regulations set by Poloniex.
December 8, 2021