SDEX rewards
How market makers earn hourly AQUA rewards for placing offers on the order books of eligible SDEX markets.
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How market makers earn hourly AQUA rewards for placing offers on the order books of eligible SDEX markets.
Stellar DEX (SDEX) rewards are earned by placing buy and sell offers on the order books of markets in the reward zone, using SDEX interfaces such as StellarX and StellarTerm. For AMM pool rewards, see AMM Rewards.
To receive rewards, your wallet must hold a trustline to AQUA — without it, rewards cannot be credited.
Rewards are calculated from four factors:
Trade volume – the total volume of each offer in a market.
Time in order book – how long an offer remains active.
Proximity to spread – how close an offer sits to the market spread.
Offer execution – filled offers count for more than unfilled ones.
Rewards are distributed automatically every hour to eligible participants — see the reward cycle for exact timing. Markets qualify through liquidity voting: at least 0.5% of votes with both assets whitelisted in the Asset Registry. The more liquidity you provide, and the closer your offers sit to the spread, the higher the rewards. Holding ICE boosts your SDEX rewards up to x2.5, the same as for AMM rewards.
Medium deep-dive: Upgrading SDEX Rewards
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