Loyalty Program
Welcome to the Odos Loyalty Program, designed to reward our users for their continued engagement with the Odos platform.
How It Works
The Odos Loyalty Program rewards users based on the transaction revenue generated by their activity. Each connected wallet is automatically tracked for eligibility and tier benefits. Rewards are influenced by Member status tiers, specific order types, and overall contribution to the platform.
Activity is measured over epochs, which currently span 30 days. At the end of each epoch, rewards become claimable. Retroactive rewards will be available upon the program's launch. Epoch durations and program details may evolve over time.
Token Rewards Mechanism
The program includes multiple tiers, unlocked by holding a qualifying balance of $ODOS tokens during the qualifying period. Higher tiers provide progressively larger rebates, distributed to DAO members in $ODOS tokens, based on fees generated through interactions with the Odos protocol—promoting both community and protocol growth.
Eligible activities initially include Simple Swaps, Limit Orders, and surplus-generating Advanced Swaps. Rebates apply exclusively to trades involving whitelisted assets, ensuring a safer environment for all participants.
Qualifying Activity
Rewards are viewed as rebates on surplus the protocol captures, meaning they are given back to users for revenue generated by trade activity. This would include all trade activity on Simple Swaps and Limit Orders, as well as revenue generating Advanced Swaps where applicable.
This is not a final list. It is subject to change as we launch new products and fine tune the Loyalty Program going forward. If you have any questions on if your transactions qualify for rewards you can check the Activity tab on the Odos dApp.
Tiered Benefits
The Odos Loyalty Program is designed to evolve over time, with an initial focus on optimizing rewards across tiers to encourage progression and sustained engagement. Importantly, the initial tiers require no $ODOS tokens to qualify, incentivizing users to engage with the platform and become DAO Members.
By simply using the Odos dApp, user activity is automatically tracked for reward eligibility. This enables users to gradually accumulate $ODOS rewards and advance to higher tiers, unlocking greater benefits over time.
| Tier | $ODOS Requirement | Fee Rebate % |
|---|---|---|
| 12 | 1,024,000 | 50% (Legendary Minotaur Badge) |
| 11 | 512,000 | 45% |
| 10 | 256,000 | 40% |
| 9 | 128,000 | 35% (Mythical Minotaur Badge) |
| 8 | 64,000 | 31% |
| 7 | 32,000 | 27% |
| 6 | 16,000 | 23% (Elite Minotaur Badge) |
| 5 | 8,000 | 20% |
| 4 | 4,000 | 17% |
| 3 | 2,000 | 14% |
| 2 | 1,000 | 12% (New Minotaur Badge) |
| 1 | 500 | 10% |
| All Users | 0 | 5% |
Track & Claim Your Rewards
The Rewards section of the Odos dApp serves as your hub for all Loyalty Program details. Here, you can view your tier progress, benefits, and all pending and claimable rewards.
Rewards earned during an epoch are tracked in real-time, and at the end of each epoch, pending $ODOS rewards become claimable. To claim your rewards, simply initiate a claim transaction on the website and pay the required network gas fees.
Qualifying Balance
The Odos Loyalty Program rewards loyal and consistent usage of Odos products. To ensure fairness and minimize tier gaming, your loyalty tier is determined by your Qualifying Balance—a 7-day time-weighted average of your $ODOS token holdings.
This means your Qualifying Balance may differ from the number of $ODOS tokens currently in your wallet. Over time, as you remain an active and loyal user, your current balance and Qualifying Balance will naturally converge.
Balances Explained:
- Qualifying Balance: 7-day time-weighted average of $ODOS token holdings.
- Current Balance: Current $ODOS token holdings in your wallet.
- Pending Rewards: Estimated $ODOS rewards earned during the current epoch.
- Claimable Rewards: $ODOS rewards available for claiming after previous epochs have ended.
Retroactive Rewards
Since the public launch in April 2022, the Odos Protocol has attracted nearly 3 million unique wallets. To recognize and reward early users, the Odos DAO is introducing retroactive $ODOS rewards. This initiative will onboard eligible users directly into specific tiers of the Odos Loyalty Program upon launch, granting them an immediate opportunity to become Members of the Odos DAO and access higher-tier benefits.
In the interest of transparency and fairness to Odos protocol users, Odos DAO leveraged OpenBlock Labs to conduct an extensive analysis of historical user activity between March 11, 2022, and August 28, 2024. OpenBlock Labs's analysis was utilized to identify organic user activity and contributed to significant efforts in removing inorganic activity from consideration of the retroactive rewards. On review of the results of OpenBlock Labs's report, any address that completed organic trading activity of over $100 of qualified volume on the Odos protocol on at least three unique days is eligible for the retroactive rewards. The following key metrics were used to determine allocations among those addresses, with a focus on incremental usage and interaction:
- Total amount of volume, weighted by pair type
- Number of unique days with at least one Odos transaction
- Number of unique weeks with an Odos transaction
- Gas consumption during the same period
- Participation boost from NFT campaigns
- Unique traded pairs per user
- Number of blockchain protocols used
A total of 532,590 addresses were determined eligible for retroactive rewards and immediate Loyalty Program tier upgrades as outlined.
| Loyalty Program | $ODOS Rewards | Number of Wallets | Fee Rebate % |
|---|---|---|---|
| Tier 7 | over 32,000 | 29 | 27% |
| Tier 6 | over 16,000 | 665 | 23% |
| Tier 5 | over 8,000 | 5,739 | 20% |
| Tier 4 | over 4,000 | 34,054 | 17% |
| Tier 3 | over 2,000 | 131,334 | 14% |
| Tier 2 | over 1,000 | 312,010 | 12% |
| Tier 1 | over 500 | 48,759 | 10% |
Retroactive Rewards and Tier Onboarding
Users claiming retroactive $ODOS rewards will be onboarded into the Loyalty Program based on the timing of their claim:
Claiming Before December 31, 2024
Users who claim their $ODOS rewards before the current epoch ends will be immediately placed into their respective Loyalty tier. At this point, their Wallet Balance will equal their Qualifying $ODOS Balance. All trading rewards will reflect their tier, calculated based on the 7-day rolling average of $ODOS token holdings. Changes to the holding balance after claiming will impact their tier and associated rewards.
Claiming After December 31, 2024
Users who claim their $ODOS rewards after the epoch ends will gradually progress to their respective tier over a 7-day rolling period. During this time, their Wallet Balance will incrementally align with the Qualifying $ODOS Balance required for that tier.
This structure ensures fairness while incentivizing early participation in the Loyalty Program.
$ODOS Token
$ODOS is the native token of the Odos protocol and will be used for both governance and Odos Loyalty Program rewards (ERC-20 on BASE). While activity will be tracked across all networks that Odos supports, $ODOS rewards can initially be claimed on BASE blockchain network only. Please see Day 1 Proposal for detailed token information.
Ready to Dive In?
- Start trading on app.odos.xyz.
- Explore our Quick Start Guides to integrate Odos into your platform.
- Learn how to maximize rewards through the Loyalty Program.