Final Genesis Orb Rank, Governance Updates & Ranked and Honors
Community Newsletter #30: April 2024
April was a whirlwind of excitement, with a multitude of captivating events within the Increment community! In this edition of our community newsletter, we encapsulate the essence of this dynamic month by highlighting the following:
Protocol Data Report
Genesis Orb Final Rank
Governance Updates
Introducing Increment Season 2024: Ranked and Honors
Protocol Data Report
In April, the Increment protocol surged with notable achievements, showcasing its robust growth and activity:
High of $88,960 in TVL
Cumulative trading volume of $392,237
335 in all-time users
Generated over $1253 fees for ETH market LPs
Source: DeFiLlama, Dune Analytics
These achievements underscore Increment's strong foundation for continued success in the evolving landscape of DeFi on zkSync Era.
Genesis Orb Final Rank
Congratulations to everyone who participated! 🎉 The moment you've been waiting for has arrived, the final rank of the Genesis Orb event is now available. You can access the results here: https://docs.google.com/spreadsheets/d/1zJro2ioEbb-eek5LsnHY9a73kP144nmEfsxmpm8RKtc/edit#gid=0
Please take a moment to review your points and rank to ensure accuracy. If you notice any discrepancies or have any inquiries, we encourage you to reach out via our community Discord as soon as possible.
Governance Updates
With the conclusion of the Genesis Orb event, the community can now move forward with finalizing the proposal for INCR Community Distribution II. You can access the original proposal and accompanying spreadsheet here: https://discourse.increment.finance/t/iep-2-community-distribution-phase-ii/986
Additionally, during the month of April, two other significant on-chain governance proposals were put forward and voted on:
1. Halting Further Claims in MerkelDistributor Contract: This proposal aimed to stop any further claims in the Community Distribution I contract. It successfully reached quorum and was executed, marking an important decision in the management of the community distribution process.
2. Transfer of Unclaimed Tokens Back to Community Treasury: The second proposal focused on transferring unclaimed tokens from the aforementioned contracts back to the community treasury. This process is still ongoing.
Increment Season 2024: Ranked and Honors
Ranked and Honors has officially kicked off! 🏅 In a community effort to foster a transparent progression in user impact and growth on the Increment protocol, the Ranked and Honors program is developed to reward participants for their positive contributions, beyond the profits they already receive.
Users will be ranked based on their interactions with the Increment protocol. At the conclusion of each corresponding time frame, the following honors will be rewarded:
Elite Profitmaxi: Top 8 ranked traders based on weekly Realized Percent PnL
Max Bidder: Top 8 ranked traders based on weekly Volume
Yield Milker: Top 8 ranked LPs based on monthly Realized Dollar PnL
Cred Star: Top 5 ranked governance participants based on the number of times they voted multiplied by their voting power each month. Excludes all token vested addresses.
Safu Angel: Top 5 ranked liquidators based on number of liquidations executed each month. In the case of a tie, liquidator with the higher safety module staking multiplier will prevail.
Users will be able to claim digital collectibles on zkSync Era for each honor earned. Holders of the digital collectible will unlock new roles and channels in the Increment community Discord. Each rank and honor awarded will also equate to different points on the 2024 Season Points Leaderboard.
For full details on the Ranked and Honor program, see: https://medium.com/increment-newsletter/increment-season-2024-ranked-and-honors-acfcfe70893f
Increment is a decentralized, algorithmic perpetual swaps protocol building on zkSync Era, featuring automatically concentrated liquidity, dynamic fees and parametrizable pools.
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