Pool Party is here. Earn OP and PERP tokens based on the amount of volume you facilitate! See our blog post for more details.
Rewards are distributed on a weekly basis (on Mondays, at 06:00 UTC), where the amount of OP and PERP tokens earned proportional to the volume facilitated for a certain pool. Your estimated and claimable rewards will be shown here: https://rewards.perp.com/liquidity-mining
Example: If the total liquidity in the ETH-USD pool is $10 million and you facilitate $100,000 worth of volume as a maker, you'll be eligible to claim 1% (= 100,000/10,000,000) of the Pool Party rewards for that pool on the following Monday.
Given that the liquidity mining rewards are 5,000 OP and 5,000 PERP per pool per week, you'd earn 50 OP and 50 PERP for that week.
Less popular pools with a lower TVL will have a higher reward APR compared to pools with a higher TVL. Continuing with the example above, if you had instead allocated $100,000 worth of liquidity to a smaller pool of size $1 million, the Pool Party rewards for that week would be equal to 500 OP and 500 PERP, since you'd be facilitating 10% of the volume in that pool.