‘METER UP’ - TVL INCENTIVE PROGRAM on Meter Network

Program Terms & Eligibility

All DeFI projects deploying on Meter Network are eligible for MTRG incentives based on TVL achieved on the network.

1. All TVL on MTRG pairs with Blue chip Assets (Top 30 assets by market cap) is proposed to get MTRG incentives at 10%
2. All other TVL is proposed to get MTRG incentives at 7.5%

The MTRG incentives are proposed to be reviewed when the total TVL reaches 25 Million or at the end of 1 year post launch of the program (whichever is earlier).

Key Points to Remember

1. Builders can use the rewards to internalize profits or use as liquidity incentives back to users. As all rewards are directly correlated to TVL, we anticipate users to be fairly incentivized by the dApps

2. Only TVL mentioned on Defillama will be used. In case of change in key contracts, it is the responsibility of the project team to update the information on Defillama. Requests to consider TVL not updated on Defillama will not be reviewed. We propose to make no exception to this rule to reduce operational overheads. To ensure builders do not game the program, we propose to reserve the right to waive incentives for non-qualified TVL.

3. MTRG incentives will be over and above incentives provided by the dApps

Eligibility

To be eligible to receive DeFi incentives on Meter Network, protocols must:

1. Register their protocol with DeFi Llama (https://defillama.com/) to track the TVL. Usage will be calculated by the time-weighted total value locked (TVL) of the protocol

2. Be deployed on the Meter Network at the time of the monthly distribution

3. Have a minimum TVL of US$10,000 at the time of distribution

MTRG Incentive Distribution

1. MTRG Rewards are distributed at the end of every month to each protocol’s “Deployer Address” submitted in the ‘Meter Up’ Registration Form.

2. Rewards are calculated by taking the protocol’s time-weighted-average TVL over the period

Summary