As you all might know we are constantly improving the reward system on the CoverRules web-site. As a team we do believe that we accomplished the goal of the first month and attracted liquidity to the books. Our next step is to ensure that existing liquidity rests at a reasonable APR for our lenders and borrowers. In the coming weeks we will be introducing multiple new modifications to the current reward calculation formula but we would want to start from squaring the multiplier. As of right now our formula for the multiplier looks like this:

If this vote passes the formula will be squared like following:

This will result in orders having to be much closer to the market price in order to obtain a good multiplier. We believe this will result in an improved rates on our platform. This will also allow users who provide liquidity close to a market price earn even more rewards.
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