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Every Perps account is automatically considered for daily liquidity rewards. There is no application or participant allowlist: the same eligibility threshold and scoring rules apply to every maker. Rewards are calculated for 24-hour periods from 12:00 UTC to 12:00 UTC. Each period is labeled by its end date, and earned rewards are credited in pUSD to the earning Perps account.

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How Rewards Are Allocated

The program distributes $75,000 per day, split evenly across active Perps markets. Each market has one daily pool. Makers with a nonzero score divide that market’s entire pool in proportion to their scores. A maker’s score combines three inputs:
The final reward for an account is its share of all positive raw scores in that market multiplied by the market’s daily pool.

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Eligibility And Maker Score

An account must represent at least 1% of trailing seven-day maker volume to qualify. For accounts in a rewards entity, the entity’s combined maker share is used. During the first seven days of the program, the lookback begins at the program start rather than reaching into earlier trading. Maker share is capped at 25% before it is converted into the maker score:
This gives additional credit for maker participation above the 1% threshold without allowing historical volume to dominate the full calculation. Maker share above 25% receives no additional maker-score credit. Trades between the same account, or between accounts in the same known rewards entity, do not count toward maker share.

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Liquidity Score

The order book is sampled repeatedly throughout each reward period. Only resting liquidity within 20 basis points of the midpoint can score.

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Distance Tiers

The midpoint is the average of the best bid and best ask. Each tier boundary is rounded outward to the next valid price tick, so an order is always evaluated at a valid price for its market. For each account, side, market, and snapshot, resting notional in the same tier is added together. Scored notional is capped at $100,000 per tier before the tier weight is applied. The same $100,000 cap applies to every market and independently to each side and each of the three distance tiers. It is not one shared cap across an account’s entire order book.

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Two-Sided Liquidity

Bid and ask tier scores are added separately, then combined with a harmonic mean:
A snapshot scores only when both sides have nonzero liquidity within 20 bps. The harmonic mean penalizes an imbalanced book and produces a score of zero when either side is absent.

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Uptime

Uptime is the share of completed snapshots in which the account had qualifying liquidity on both sides:
The active liquidity score is the account’s average snapshot score across its qualifying snapshots. Keeping liquidity quality and uptime separate means deep quotes receive credit when they are live, while intermittent quoting is still penalized.

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Summary Of Program Parameters

Polymarket may change program parameters or disqualify activity that is manipulative, abusive, or otherwise violates the Terms of Service.