The initial deposit incentive was originally developed to attract new traders, limited to the top 1500 new accounts with the highest volume, with the aim of minimizing sybil activity and pure reward farming. Furthermore, the absolute value of these rewards is relatively small compared to the total season rewards (3%).
To remain unbiased and adhere to the announced incentive structure the proposed distribution remains unchanged. We view front end and other retail activity as more valuable and have introduced direct rewards for this. Considering the small magnitude of this activity of ~0.6% does not materially dilute worthy traders, we prefer not to make these judgments after the fact, especially unannounced.
In season 5, sybil activity will not be tolerated. We will be implementing additional monitoring and policing systems to detect this behavior, and accounts implicated will be excluded from rewards. In addition, the following measures will be added:
- Reducing the number of new accounts eligible for rewards to 500.
- Introducing a minimum deposit requirement of $100 for eligibility for these rewards.