🔧Program Configuration

• Update Frequency = Randomized 10-second intervals

Global Parameters

Tier	Instruments	Daily Allocation (points)	Tier Share (%)	Base Allocation (%)
1	ETH-USD-PERP BTC-USD-PERP SOL-USD-PERP	800’000 / 7 = 114’285.714285	80%	30%
2	All other perpetuals	200’000 / 7 = 28’571.428571	20%	40%*

• Daily points allocation = 1’000’000 / 7 = 142’857.142857143 (i.e. 1 million points a week)

Maker Program Parameters

Tier	Instruments	Maker Volume Weight	Order Scaling	Max Spread (bps)	Weight on Min (%)	Quote Quality EWMA Factor	Volume Decay
1	ETH-USD-PERP BTC-USD-PERP SOL-USD-PERP	80%	0.3	20	70%	20%	33.27 (corresponding to a half-life of 30minutes)
2	All other perpetuals	70%	0.2	40	70%	20%	22.18 (corresponding to a half-life of 45minutes)

• Note that half-life can be obtained from the decay factor as : $\text{Half-life}=\frac{\log(2)}{\text{Decay}}$

Fee Program Parameters

Tier	Instruments	Fee Decay
1	ETH-USD-PERP BTC-USD-PERP SOL-USD-PERP	33.27 (corresponding to a half-life of 30minutes)
2	All other perpetuals	22.18 (corresponding to a half-life of 45minutes)