Perpetual DEX has been a track I’ve been following all along. Recently, a leading project launched a limit order mining mechanism, specifically subsidizing users who provide liquidity. The model is quite interesting.

How are points calculated? It mainly depends on three factors: First, the order amount is the most important. The larger the order you place, the higher the basic points you earn, which is the most influential factor. The second is the time dimension; the system accumulates your order duration in minutes. In other words, the longer your order remains active, the more points you accumulate—users with greater stability can earn more rewards. The third involves the relationship between the order price and the current BTC price, which directly affects the actual liquidity value of the order.

Overall, this mechanism is very friendly to market makers, encouraging long-term provision of deep liquidity.