MON Incentive

MON incentive is available on TownSquare markets for lending & borrowing.

Qualified activities

You can qualify for MON token incentive with the following activities on TownSquare:

• Lending of:

  • MON, wMON

  • MON LSTs (shMON, sMON, gMON, aprMON)

  • Stablecoins (USD1, AUSD, USDC, earnAUSD, USDT)

  • RWAs (muBOND, AZND)

  • Bluechip assets (wBTC, wETH)

• Borrowing of:

  • MON, wMON

  • Stablecoins (USD1, AUSD, USDC, earnAUSD, USDT)

  • RWAs (muBOND, AZND)

  • Bluechip assets (wBTC, wETH)

The order of the list indicates the weight of MON incentive for each category, the top ones get more MON tokens than the bottom ones.

*Eligible asset list is subject to change.

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Distribution

• Month 1 distribution:

We are working with the Merkl team for distribution of MON incentives. However, Merkl team is in the process of integration our protocol, hence Month-1 incentives are not distributed in realtime.

All MON incentives will be distributed to users at the end of Month 1 after Merkl team completes integration.

• After Month 1:

After Month 1, MON incentive can be earned on a daily basis via Merkl.