🏆Obsidian Leaderboard

Introduction to the Obsidian Leaderboard Points System

Welcome to the Obsidian Trading Leaderboard, where your trading activities can earn you points, and your position on the leaderboard determines the rewards you can claim. Whether you are an avid trader or a casual participant, the leaderboard gives you an exciting opportunity to earn more, especially when you hold a ROBIN NFT.

Prize Breakdown

Here’s what you can expect as you climb up the leaderboard:

• The top positions will earn rewards based on their ranking, including tokens and NFTs. The total amount allocated per event will depend on the total collected aggregator fees from the previous period, with 15% of these fees allocated to the shared prize pool. This structure ensures that the prize pool increases with activity, allowing participants to compete for a larger share of the rewards.

Tier	Ranks	Total Split	Description
GOLD	1	30%	Top performer with the highest reward
SILVER	2	20%	Runner-up with a substantial reward
BRONZE	3	15%	Third place with a respectable prize
PURPLE	4-5	15%	Mid-level performers, sharing the reward
TEAL	6-10	20%	Recognizing consistent performance among the remaining ranks

How Points are Calculated

The points you earn are based on the swapped token amount. For example, if you trade LAZY for MERY, we calculate the total token value and assign it to the bought token, MERY. Similarly, if you trade MERY for LAZY, we assign the token value to LAZY. All trades (buy and sell events) earn the same amount of points. To keep things simple and fair, the points system follows this formula:

Points = (TokenValue/ POINTS_RATIO) * (1 + Boost)

• TokenValue: The USD value of you trade.

• POINTS_RATIO: A constant that converts the trade value into points. For example, if the POINTS_RATIO is 10, then every 10 USD equates to 1 point.

• Boost: An additional multiplier applied to your points if you own a ROBIN NFT. The boost percentage depends on the rank of your NFT.

Boost System for ROBIN NFT Holders

Owning an NFT provides you with a boost, adding a percentage to your points based on the rank of your NFT. Here’s how the boost system works:

• Rank 1-5: 50% Boost

• Rank 6-50: 40% Boost

• Rank 51-100: 30% Boost

• Rank 101-500: 20% Boost

• Rank 501-1000: 15% Boost

• Rank 1001-2500: 10% Boost

Example Calculation

Let’s look at an example to see how this works:

Suppose you trade 1,000 USD. The POINTS_RATIO is 10, which means that every 10 USD earns you 1 point.

1. Base Points Calculation:

   • Base Points = 1000 / 10 = 100 points

2. Determine Boost for a Rank 404 NFT:

   • Since rank 404 falls in the range of 101 to 500, the boost is 20%.

3. Calculate Boosted Points:

   • Boosted Points = 100 × (1 + 0.20) = 100 × 1.20 = 120 points

In this case, owning a Rank 404 NFT gives you an additional 20 points, resulting in a total of 120 points for trading 1,000 USD.

Owning a ROBIN NFT can make a substantial difference in your leaderboard position. In competitive weeks, even a few extra points can place you in a higher reward bracket.

By incorporating the ROBIN NFT into your strategy, you not only enhance your earning potential but also become a valued member of the Obsidian community.

So, start trading, boost your points with a ROBIN NFT, and climb the ranks on the Obsidian Leaderboard!