StandX has officially upgraded the Maker Uptime Program to SIP-5A: Community Maker Yield.
The June rewards have already been distributed under the old plan; the new version takes over from here.
The approach for market making has been adjusted in a fairly straightforward way:
- Placing orders on both sides of the order book (buy + sell) counts as participation; no token lockup is required
- Settle DUSD real stablecoin yield every day
- Add an extra layer of StandX platform token rewards
- The original Maker Hours and any unclaimed rewards are automatically carried over—no need to register again
What I care about most is the "no lockup required" point. Many perpetual DEX market-making incentives either require staking tokens or binding LP, which severely limits capital efficiency. With SIP-5A, participating by simply placing orders turns the orders themselves into an interest-bearing behavior—creating a two-layer structure of stablecoin yield + token incentives. This is more friendly to market makers who frequently rebalance.
You don’t have to shy away from the risks either: posting on both sides means taking on directional exposure if one side gets consumed. DUSD’s actual annualized return depends on order-book trading volume and the spread strategy, and the value of the platform token portion is also a variable.
If you’re planning to do market making, you can start with a small position for one round, observe the amount of DUSD credited and the trading frequency over a day, and then decide whether to scale up.
#StandX #Perp #MakerRewards
The June rewards have already been distributed under the old plan; the new version takes over from here.
The approach for market making has been adjusted in a fairly straightforward way:
- Placing orders on both sides of the order book (buy + sell) counts as participation; no token lockup is required
- Settle DUSD real stablecoin yield every day
- Add an extra layer of StandX platform token rewards
- The original Maker Hours and any unclaimed rewards are automatically carried over—no need to register again
What I care about most is the "no lockup required" point. Many perpetual DEX market-making incentives either require staking tokens or binding LP, which severely limits capital efficiency. With SIP-5A, participating by simply placing orders turns the orders themselves into an interest-bearing behavior—creating a two-layer structure of stablecoin yield + token incentives. This is more friendly to market makers who frequently rebalance.
You don’t have to shy away from the risks either: posting on both sides means taking on directional exposure if one side gets consumed. DUSD’s actual annualized return depends on order-book trading volume and the spread strategy, and the value of the platform token portion is also a variable.
If you’re planning to do market making, you can start with a small position for one round, observe the amount of DUSD credited and the trading frequency over a day, and then decide whether to scale up.
#StandX #Perp #MakerRewards