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Aquarius Guide
  • ๐Ÿ‘‹Welcome to Aquarius
  • Developers
    • Integrating with Aquarius
    • Aquarius Soroban Functions
    • Code Examples
      • Prerequisites & Basics
      • Executing Swaps Through Optimal Path
      • Executing Swaps Through Specific Pool
      • Deposit Liquidity
      • Withdraw Liquidity
      • Get Pools Info
      • Claim LP Rewards
      • Add Fees To Swap
        • Deploying a New Fee Collector
        • Executing Swaps with Provider Fees
        • Claiming & Swapping Accumulated Fees
  • Ecosystem Overview
    • ๐ŸŒWhat is Stellar?
      • What are Lumens (XLM)?
      • What are Anchors?
      • What are Trustlines?
      • How much are network fees on Stellar?
      • What are network reserves?
      • Where to trade Stellar assets?
    • ๐ŸงฎWhat is Soroban?
  • AQUA tokens
    • โ™’What are AQUA tokens?
      • AQUAnomics
      • AQUA Wallets
      • Where can I buy AQUA?
  • ICE
    • ๐ŸงŠICE tokens: locking AQUA and getting benefits
    • ICE boosts - how to maximize LP rewards
  • Aquarius AMMs
    • ๐Ÿ’ฑWhat are Aquarius AMMs?
      • Pools
        • Creating a Pool
        • Deposit & Withdraw Liquidity
      • Swap
      • System limitations
        • Aquarius AMM: Limitations in Support for Fee-on-Transfer, Rebasing, and Deflationary Tokens
        • Aquarius AMM: Token Address Migration Limitations and Mitigation Strategy
  • My Aquarius
    • ๐Ÿ‘คMy Aquarius
      • Main Overview
      • Balances
      • My Liquidity
      • SDEX Rewards
      • Liquidity Votes
      • Governance Votes
      • Airdrop #2
      • ICE Locks
      • Payments History
  • Aquarius AQUA Rewards
    • ๐Ÿ—ณ๏ธAquarius voting
      • Aquarius voting: asset Flag Restrictions
    • ๐Ÿช™SDEX Rewards
    • ๐Ÿค–Aquarius AMM Rewards
  • Bribes
    • ๐ŸŽWhat are bribes?
      • What are the advantages of protocol level bribes?
  • Aquarius Governance
    • ๐Ÿง‘โ€โš–๏ธAquarius Governance: Community-Led Decision Making
  • Airdrops
    • 1๏ธโƒฃThe Initial Airdrop
      • Am I Eligible For the Initial Airdrop?
      • How can I see if I am eligible?
      • What are Claimable Balances?
      • How is the Initial airdrop distributed?
      • Where can I find more information?
    • ๐ŸŒ Airdrop #2
      • How could I have been eligible for Airdrop #2?
      • How can I see if I am eligible?
      • When was the Airdrop #2 snapshot?
      • Were there any CEX's taking part?
      • How big was Airdrop #2?
      • How will the airdrop be distributed and for how long?
      • Could I have increased my potential reward?
      • Where can I find more information?
  • Signers Guild
    • ๐Ÿ“œWhat is the signers guild?
      • What percentage of the AQUA supply will be controlled by the Signers Guild?
      • Who will be in the Signers Guild?
      • How does the Signing process work?
      • What will be expected from a guild member?
      • How can I sign up for this position?
      • What are wallets that Guild members will manage?
      • How can I learn more about this?
  • Guides
    • โ”How to use AQUA Locker tool and get ICE tokens
    • โ”How to vote for markets on Aquarius
    • How to create bribes
    • โ”How to use Aquarius Governance
      • How to make a governance vote
      • How to create a proposal
    • โ”How to earn SDEX rewards
    • โ”How to earn AMM rewards
  • Technical Documents
    • ๐Ÿ“œAudits
    • ๐ŸชฒBug Bounties
    • ๐Ÿ›„Claimable Balances
    • ๐Ÿ—ณ๏ธThe Aquarius Voting Mechanism
    • ๐ŸŽSDEX v2 proposal & algorithm
    • โฉICE Boost Formula
  • Useful Links
    • Aquarius Home
    • Liquidity Voting
    • Liquidity Rewards
    • Aquarius Bribes
    • ICE locker
    • Aquarius Governance
    • Airdrop #2
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On this page
  • ๐Ÿ“’ Creating offers for the Stellar ledger
  • How to get to the trade section and select markets
  • How to view the current order book, decide your buy/sell price and submit an order
  • After order submission
  1. Guides

How to earn SDEX rewards

PreviousHow to create a proposalNextHow to earn AMM rewards

Last updated 3 months ago

SDEX is the shortened name for Stellarโ€™s internal decentralized exchange. SDEX has been at the heart of Stellar since its inception, allowing users to trade tokens within the network, creating a decentralized marketplace at the protocol level.

SDEX rewards incentivize placing offers onto order books of markets chosen by AQUA holders through liquidity voting. Every hour market makers get rewarded AQUA tokens based on how much liquidity they have held on the order books, with filled offers gaining higher rewards than those remaining unfulfilled.

So how do you create offers on Stellar?

๐Ÿ“’ Creating offers for the Stellar ledger

Offer creation happens through Stellar user interfaces (Stellar UIs). Popular UIโ€™s include , as well as web clients: , , and .

In this quick guide, we are using LOBSTR mobile app.

How to get to the trade section and select markets

  1. Head to the LOBSTR app and click the โ‰ก symbol in the top left corner.

  2. Click on Trade.

  3. Select the market you would like to trade on from the list.

How to view the current order book, decide your buy/sell price and submit an order

  1. On the market overview page select the Orderbook tab

  2. View both the buy & sell side of the order book for the selected market to view prices already available for the market.

  3. Once you have seen the order book and know what others are currently offering, press the BUY or SELL button to open the trade screen.

  4. If you want to provide liquidity (and get rewarded) you should select the Limit order option.

  5. Make sure that your limit price (specified in the Price field) is "far" from the market enough that your order doesn't get executed immediately but not too "far" from the market price.

After order submission

  1. After you have specified all the order parameters and submitted the order you will have to wait a bit until the transaction is through.

  2. After the order is placed you'll get back to the Orderbook and see a notification that the order is there

  3. After it's filled you'll receive another notification.

All you need to do now is allow your assets to sit on the order books for other Stellar users to take. You will receive hourly rewards while your assets sit on the order books based on how long your assets have sat their & how close to the market spread they are. If other users fully or partially fill your offers, you will receive an increased hourly SDEX reward for your contribution to liquidity for the market.

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LOBSTR wallet
StellarX
StellarTerm
Stellarport
Lumenswap