Rewards
Swap, earn points, share the fees.
Every swap through Perch earns points. Half of all protocol fees are set aside for rewards, and at the end of each week they are paid out in ETH to swappers in proportion to their points.
Every swap pays a 1% protocol fee. Half of it is paid back to swappers in ETH, the other half buys back PERCH.
Connect the wallet you swap with to see its points.
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1 · How it works
Swap
Trade any token through Perch as usual. The 1% protocol fee is taken on chain.
Earn points
Every swap earns points based on its size. The bigger the trade, the more you earn.
Get paid in ETH
Every Sunday the week's rewards are split by points and your share is sent to your wallet.
2 · Points
Every swap you make through PerchRouter earns points based on its size: the bigger the trade, the more points it earns. Points belong to the wallet that signed the swap. They reset at the start of every week, and your lifetime total is kept for the leaderboard.
3 · Leaderboard and payouts
The leaderboard refreshes every night at 03:00 (UTC+3). Rewards run in weekly epochs that close every Sunday at 03:00 (UTC+3). When a week closes, its rewards pool is divided pro rata by points: your payout is your points divided by all points, times the pool. Payouts go out in ETH that Sunday, sent straight to the wallet that earned them.
Because the pool is half of the fees and it is shared by volume, swappers get back about half of what they pay in protocol fees, on average.
4 · Where the fee goes
Perch takes 1% of the output token on every swap. It is used in two halves:
- 50% to rewards, paid back to swappers in ETH every Sunday.
- 50% buys back PERCH and burns it, at regular intervals once PERCH launches.
5 · Fair play
Only swaps that settle through PerchRouter count. Farming points with wash trades does not pay: every swap costs the 1% protocol fee plus the pool's own LP fee and gas, while points can only ever win back part of the protocol fee.
Rewards go live together with PerchRouter. Until then no points are recorded and nothing is paid out.