StandX Market Maker Uptime Campaign
TL;DR: Earn Maker Hours by maintaining orders on both sides within 10 bps (30 min/hour minimum). Reach 360+ hours (MM1) or 504+ hours (MM2) monthly for reduced fees + maker rebates!
Earn rewards by providing liquidity on StandX! Users who place maker orders in the orderbook and meet uptime requirements will earn Maker Hours.
- A generous 5M token pool is distributed monthly based on your accumulated Maker Hours.
- Plus, achieve 360+ Maker Hours for MM1 tier (reduced fees + 0.25 bps rebate) or 504+ hours for MM2 tier (even lower fees + 0.50 bps rebate)!
![_max-h-[320px]](/_next/static/media/8cb80568fe9ed335184600c1c66382d1.7a5f7e62.png)
Why Participate?
- Passive Income: Earn tokens simply by placing limit orders
- Low Risk: No trading required — your orders just need to be on the book
- Monthly Rewards: Consistent 5M token distribution every month
- Fair System: Rewards scale with your commitment and uptime
- Exclusive Fee Discounts: Accumulate 360+ hours for MM1 tier or 504+ hours for MM2 tier to unlock reduced taker fees and earn maker rebates
Reward Pool
5,000,000 tokens will be distributed each month, proportional to your Maker Hours.
Campaign Duration
Start: January 5, 2026, 12:00 UTC End: To be announced
How to Qualify
Within each hour, maintain active orders on both ask and bid sides within 10 bps of the spread for at least 30 minutes.
Key Rules:
- Both bid and ask sides must be active to qualify
- Order values are capped per side per account — orders exceeding the cap only count up to the maximum threshold
Trading Pair Caps:
| Trading Pair | Maximum Order Size (per side) |
|---|---|
| BTC-USD | 2 BTC |
| ETH-USD | 60 ETH |
Reward Calculation Tiers
The system uses two uptime thresholds to calculate your rewards:
| Tier | Uptime Requirement | Multiplier |
|---|---|---|
| Boosted | ≥70% (42+ min/hour) | 1.0x |
| Standard | ≥50% (30+ min/hour) | 0.5x |
Higher uptime = better multiplier = more rewards!
Maker Hours Formula
Maker Hours = (X / 2) × MultiplierHow X is calculated:
- The system records all your order sizes (the smaller of ask/bid, capped at 2 BTC) throughout the hour at irregular intervals
- At the end of each hour, all recorded values are sorted in descending order
- X₇₀ = value at the 70th percentile position (top 70%)
- X₅₀ = value at the 50th percentile position (top 50%)
Since values are sorted in descending order, X₅₀ ≥ X₇₀ (the 50th percentile is always ≥ the 70th).
Your final reward = the maximum of both tier calculations:
max( (X₇₀ / 2) × 1.0, (X₅₀ / 2) × 0.5 )This ensures you always get the better outcome — even if you qualify for Standard but not Boosted tier.
Examples
| User | X₇₀ (BTC) | X₅₀ (BTC) | Boosted Tier Calc | Standard Tier Calc | Final Maker Hours | UI Color |
|---|---|---|---|---|---|---|
| Jack | 2 | 2.2 | (2/2) × 1.0 = 1.0 | (2/2) × 0.5 = 1.0 | 1.0 | Dark Green |
| Alice | 1 | 1.8 | (1/2) × 1.0 = 0.5 | min(1.8/2, 1) × 0.5 = 0.45 | 0.5 | Dark Green |
| Bob | 1 | 1.4 | (1/2) × 1.0 = 0.5 | min(1.4/2, 1) × 0.5 = 0.35 | 0.5 | Dark Green |
| Jimmy | 0.1 | 0.5 | (0.1/2) × 1.0 = 0.05 | (0.5/2) × 0.5 = 0.125 | 0.125 | Light Green |
| Tim | 0 | 0 | — | — | 0 | Gray (Inactive) |
Understanding UI Color Indicators
The interface displays your status using color indicators based on your earned Maker Hours:
- Dark Green: Maker Hours > 0.5 (excellent performance)
- Light Green: Maker Hours > 0 but ≤ 0.5 (active participation)
- Gray: Maker Hours = 0 (inactive)
Important: The UI colors reflect your final earned Maker Hours, not your uptime percentage. You can have 70%+ uptime (Boosted tier) but still show Light Green if your order size results in ≤0.5 Maker Hours. Conversely, you can have only 50% uptime (Standard tier) but show Dark Green if your large order size results in >0.5 Maker Hours.
Special Market Maker Fee Rate
Achieve high monthly Maker Hours to unlock exclusive trading fee discounts!
Users who accumulate sufficient Maker Hours within a calendar month will qualify for special Market Maker fee rates in the following month. There are two tiers available:
MM Fee Tiers
| Tier | Monthly Maker Hours Required | Taker Fee (bps) | Maker Fee Rebate (bps) |
|---|---|---|---|
| MM1 | > 360 hours (50%) | 2.25 | -0.25 |
| MM2 | > 504 hours (70%) | 2.00 | -0.50 |
Key Benefits:
- MM1 Tier: Reduced taker fees to 2.25 bps and earn 0.25 bps maker rebate
- MM2 Tier: Even lower taker fees at 2.00 bps and earn 0.50 bps maker rebate
- Maker rebates: You get paid to provide liquidity!
How it works:
- Qualification is evaluated at the end of each month
- Your tier is determined by your total accumulated Maker Hours for that month
- The special fee rate activates for the entire next month
- The benefit renews monthly — maintain your Maker Hours each month to continue enjoying the reduced fees
Pro Tips
- Maximize uptime: Aim for 70%+ uptime to unlock the 1.0x multiplier
- Stay within spread: Keep orders within 10 bps of the mark price
- Balance both sides: Ensure you have both bid and ask orders active
- Size matters: Larger orders (up to 2 BTC cap) earn more Maker Hours
- Target MM tiers: Aim for 360+ hours (MM1) or 504+ hours (MM2) to unlock special fee rates with maker rebates
Important Note on Spread Calculation
The 10 bps spread threshold is calculated based on the aggregated latest mark price. Since the mark price fluctuates over time, please be aware that:
- The mark price updates continuously based on market conditions
- Your order’s distance from the spread is evaluated against the current mark price at each snapshot
- In practice, this means you should maintain some buffer within the 10 bps range to account for price movements
- We recommend placing orders slightly tighter than the threshold to ensure consistent qualification
This design ensures fair and objective measurement of your market-making activity while accommodating real-world price dynamics.