Rebates

The rebates program allows users to be able to receive back a portion of the premium when purchasing options on our platforms.

(Currently set at 25%)

Contract Details

Contract address: (?) Audit result: (?)

How it works

Our system keeps track of all transactions done and once a user's option purchase has been confirmed on chain, we allocate the rebate amounts to the user. We craft a merkle root on a daily basis to designate all user's rebates for the day. All daily merkle roots are stored on chain in our rebates contract for claim verification purposes. A user must claim separately for purchases on different days.

E.g User purchased an option on Sept 1 and Sept 2. User needs to claim twice for the rebates of Sept 1 / 2 respectively.

Merkle root will be added on-chain on a 3-day interval. and will be claimable after an hour.

E.g Rebate starts on September 1st. Merkle roots for September 1 / 2 / 3 will be added into the contract on September 3rd. Until this merkle root is added into the contract, rebates for September 1 / 2 will not be claimable.

How to claim

On the portfolio page, you will be able to find the rebates section, we've made it easy for you guys to claim the rebates for a single day in a single button click!