Double rewards means you get rewarded in both cash AND AlphaSwap credits.
Credits are the backbone of the AlphaSwap ecosystem. .
AlphaSwap manages a pool of funds with which to facilitate both the monthly payouts and discretionary bonuses.
This pool is backed by institutional and private investors.
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We use AlphaSwap Credits to determine the payout.
The more credits you accumulate, the more payouts you will generate (subject to a high watermark).
Your initial 1,000 credits forms your starting watermark.
You will only earn cash payouts on the credits that you generate over and above your ‘Watermark
If you lose credits from non-performing ideas, and dip under your initial watermark (ie under 1,000 credits), you will need to earn enough credits to go over 1,000 again in order to be eligible for cash payouts.
The way you earn more credits is through generating or voting on successfully performing ideas.
The reasons we keep a watermark are:
To encourage quality high conviction ideas and disincentivize high risk ideas.
To be able to reward based on true overall performance, not partial performance or unrealized performance
To facilitate a meritocratic ecosystem where everyone has the same level playing field.