Rewards on Polymarket + An update on Raven
190 segments
So in this video I want to talk a little
bit about rewards on poly market because
you can actually make money on poly
market not just by predicting uh markets
but to be helpful to provide liquidity
and actually just get rewards by placing
trades. So meaning that you would
actually get rewards no matter the the
outcome. So, I'm going to explain all
the different rewards that we have on
Poly Market on how you can actually
automate it and then make money. So, the
first one that we already talked about
is the mega rebates program. So, you
probably already know, if not, you can
see some of my past videos. We have now
fees on the 15minute crypto markets on
Poly Market. And that actually means
that some people that are takers they
will pay a fee and then the makers they
are actually going to get uh some
rebates of those fees. Before so from
January 9 to January 11 it was 100%.
But then since then it has been uh
reduced to only 20%. That means that 20%
of all the fees on the 15-minute crypto
market is actually going to be
distributed to the market makers.
Meaning if you have an order resting on
the order book and it's and it's going
to be taken by TGA, you can actually get
part of the fees here. So that's 20% of
the fees. So that's one of the ways. And
another way that we can make money on
Poly Market is by their rewards program.
So you can see here on poly markets you
can go to your account and you can click
the rewards
over here and you can see all the
different rewards that is applicable to
the different markets. So you can see
here that um you can it says here earn
rewards by placing orders within the
spread. Rewards are distributed directly
to wallets every day at midnight. So for
example, you have uh this one here. Will
anybody anyone be jailed over Epstein
disclosures?
You can see it has a max spread of uh
plus minus 3 cents.
So that means if you place an order
within that spread, you can actually get
part of a reward. So there's a $100 of
rewards in total. Keep that in mind. And
there's a minimum shares to buy of 20.
Okay. So and then you can actually keep
an eye on the total rewards. you have
gotten for a specific day. So let's say
if we go into this one here and if you
click the order book and if you hover
over rewards you can see here where you
will be able to get rewards.
So the max spread is plus -3 cents and
minimum share. So you can see how there
is some of the prices now that are
marked in a kind of a purple color. So
that means that for example if you place
orders here, limit orders here and limit
orders here, you will actually be able
to earn rewards. So part of these um
$100. Okay. So um so that's possible.
And of course it's not that uh many it's
not a lot of rewards because you'll also
have people comp competing against these
rewards and you can see that uh here for
the competition. So for example, this
one have mild competition and this one
has mild and then you have this one
there's no competition spread is too
large and um and yeah so there's a lot
of of of this. So you could probably
make some kind of a market making bots
where it places orders on both sides and
uh basically farming these these
rewards. So that's one way of making
money on poly market without actually
doing any predictions. Now, another one
is holding rewards.
What are we doing to keep long-term
pricing accurate? We are paying 4%
annualized holding rewards based on your
total position value in certain poly
markets. We anticipate rolling out a new
reward and oracle resolution system
later this year at which point there
will be a simple one-click migration.
So, basically, they are paying 4%. Think
of it as as a as a 4% savings account
almost. So if you go down on this um
page here, you can see here there's all
these kind of events. So this is events
that are far out into the future. For
example, the presidential election
winner 2028. And let's say we do JD
Vans. You can see here that it has it
has both the rewards we just talked
about. So the liquidity rewards. So if
you place here, but then if you are
holding limit orders on these, you
actually earn a 4% interest. So you can
actually have double the rewards both
getting an interest of the orders you
place but also the from the rewards
program. So, of course, it's probably
not a good deal if you only do it to get
the 4%. You know, it's basically just
having a savings account and in like it
is crypto, right? So, in within crypto,
there's probably better better options
than than uh doing it on Polymark. But
I'm I'm seeing this as an opportunity to
combine
um the rewards program with all of these
events because then it's kind of a
double uh you know, double whmy here,
right? And this is something you
probably want to automate with some kind
of a trading bot. And of course, this
channel is everything about trading bot.
So I think I will take this opportunity
to just keep you updated on the Raven
trading bot.
So for the raving trading bot, I've
added a new features in the strategy
builder here. So you can see here how uh
when we look at the order book signal
type is actually a new kind of signal
type. So instead of just having the
price signals, we have now an order book
where you can define
uh you can define the uh best bid, ask,
price and spread if you want to do
strategies around that. And then we have
the outcome is automatically populated.
So now I've added some u some e- gaming
here and you can see here the different
outcomes because it's not always yes and
no or up and down. this case these are
outcomes.
I've also added a new condition which is
a formula. So now we can take two
different signals in if you want to do
the best ask here
for example and we want to make some
kind of a condition. So you can
calculate with an expression over here
define the variables and then um if that
results to true we can do an action and
then we have a a new one here which is a
life cycle hook. So you can see how we
have different options uh different
triggers for example filled failed
cancel we can add more as well uh this
one here. So we can take uh for example
rejected and if you want to do something
about that. So for example if you place
a trade maybe you want to hedge that
trade right so you can do that through
this life cycle hook. So when it's
filled we buy maybe with the opposite
end at a different price.
And uh yeah that's kind of the updates
that I've been working on here the
weekends. And uh, of course, if you want
to sign up to the weight list for Raven.
The Raven is their no code trading
builder, you can go to
raven.polytraders.io,
and I'm going to make sure to leave a
link down below. You can scroll down and
then you can sign up with your email to
get early access when this is ready to
launch. You can also go to uh
discord.politraders.io
io and sign and get access to our free
Discord community for Poly Traders. And
uh I'm going to make sure to leave a
link down in the description as well. So
until next time, have a good one and see
you.
Ask follow-up questions or revisit key timestamps.
The video explains various ways to earn rewards on Poly Market beyond just predicting outcomes. It details three main programs: Mega Rebates, which offer makers 20% of fees on 15-minute crypto markets; the Rewards program, which incentivizes placing orders within specific market spreads; and Holding Rewards, providing a 4% annualized return on positions in long-term markets. The speaker highlights the opportunity to combine liquidity and holding rewards, suggesting automation with trading bots. The video also introduces new features for the Raven trading bot, including order book signal types, formula conditions, and life cycle hooks, designed to help users automate these reward-earning strategies.
Videos recently processed by our community