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Rewards on Polymarket + An update on Raven

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Rewards on Polymarket + An update on Raven

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190 segments

0:00

So in this video I want to talk a little

0:02

bit about rewards on poly market because

0:05

you can actually make money on poly

0:08

market not just by predicting uh markets

0:11

but to be helpful to provide liquidity

0:15

and actually just get rewards by placing

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trades. So meaning that you would

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actually get rewards no matter the the

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outcome. So, I'm going to explain all

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the different rewards that we have on

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Poly Market on how you can actually

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automate it and then make money. So, the

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first one that we already talked about

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is the mega rebates program. So, you

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probably already know, if not, you can

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see some of my past videos. We have now

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fees on the 15minute crypto markets on

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Poly Market. And that actually means

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that some people that are takers they

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will pay a fee and then the makers they

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are actually going to get uh some

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rebates of those fees. Before so from

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January 9 to January 11 it was 100%.

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But then since then it has been uh

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reduced to only 20%. That means that 20%

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of all the fees on the 15-minute crypto

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market is actually going to be

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distributed to the market makers.

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Meaning if you have an order resting on

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the order book and it's and it's going

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to be taken by TGA, you can actually get

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part of the fees here. So that's 20% of

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the fees. So that's one of the ways. And

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another way that we can make money on

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Poly Market is by their rewards program.

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So you can see here on poly markets you

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can go to your account and you can click

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the rewards

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over here and you can see all the

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different rewards that is applicable to

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the different markets. So you can see

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here that um you can it says here earn

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rewards by placing orders within the

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spread. Rewards are distributed directly

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to wallets every day at midnight. So for

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example, you have uh this one here. Will

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anybody anyone be jailed over Epstein

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disclosures?

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You can see it has a max spread of uh

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plus minus 3 cents.

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So that means if you place an order

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within that spread, you can actually get

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part of a reward. So there's a $100 of

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rewards in total. Keep that in mind. And

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there's a minimum shares to buy of 20.

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Okay. So and then you can actually keep

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an eye on the total rewards. you have

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gotten for a specific day. So let's say

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if we go into this one here and if you

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click the order book and if you hover

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over rewards you can see here where you

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will be able to get rewards.

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So the max spread is plus -3 cents and

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minimum share. So you can see how there

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is some of the prices now that are

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marked in a kind of a purple color. So

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that means that for example if you place

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orders here, limit orders here and limit

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orders here, you will actually be able

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to earn rewards. So part of these um

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$100. Okay. So um so that's possible.

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And of course it's not that uh many it's

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not a lot of rewards because you'll also

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have people comp competing against these

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rewards and you can see that uh here for

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the competition. So for example, this

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one have mild competition and this one

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has mild and then you have this one

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there's no competition spread is too

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large and um and yeah so there's a lot

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of of of this. So you could probably

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make some kind of a market making bots

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where it places orders on both sides and

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uh basically farming these these

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rewards. So that's one way of making

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money on poly market without actually

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doing any predictions. Now, another one

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is holding rewards.

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What are we doing to keep long-term

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pricing accurate? We are paying 4%

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annualized holding rewards based on your

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total position value in certain poly

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markets. We anticipate rolling out a new

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reward and oracle resolution system

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later this year at which point there

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will be a simple one-click migration.

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So, basically, they are paying 4%. Think

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of it as as a as a 4% savings account

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almost. So if you go down on this um

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page here, you can see here there's all

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these kind of events. So this is events

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that are far out into the future. For

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example, the presidential election

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winner 2028. And let's say we do JD

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Vans. You can see here that it has it

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has both the rewards we just talked

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about. So the liquidity rewards. So if

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you place here, but then if you are

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holding limit orders on these, you

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actually earn a 4% interest. So you can

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actually have double the rewards both

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getting an interest of the orders you

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place but also the from the rewards

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program. So, of course, it's probably

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not a good deal if you only do it to get

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the 4%. You know, it's basically just

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having a savings account and in like it

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is crypto, right? So, in within crypto,

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there's probably better better options

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than than uh doing it on Polymark. But

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I'm I'm seeing this as an opportunity to

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combine

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um the rewards program with all of these

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events because then it's kind of a

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double uh you know, double whmy here,

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right? And this is something you

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probably want to automate with some kind

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of a trading bot. And of course, this

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channel is everything about trading bot.

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So I think I will take this opportunity

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to just keep you updated on the Raven

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trading bot.

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So for the raving trading bot, I've

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added a new features in the strategy

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builder here. So you can see here how uh

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when we look at the order book signal

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type is actually a new kind of signal

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type. So instead of just having the

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price signals, we have now an order book

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where you can define

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uh you can define the uh best bid, ask,

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price and spread if you want to do

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strategies around that. And then we have

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the outcome is automatically populated.

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So now I've added some u some e- gaming

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here and you can see here the different

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outcomes because it's not always yes and

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no or up and down. this case these are

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outcomes.

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I've also added a new condition which is

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a formula. So now we can take two

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different signals in if you want to do

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the best ask here

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for example and we want to make some

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kind of a condition. So you can

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calculate with an expression over here

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define the variables and then um if that

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results to true we can do an action and

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then we have a a new one here which is a

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life cycle hook. So you can see how we

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have different options uh different

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triggers for example filled failed

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cancel we can add more as well uh this

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one here. So we can take uh for example

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rejected and if you want to do something

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about that. So for example if you place

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a trade maybe you want to hedge that

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trade right so you can do that through

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this life cycle hook. So when it's

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filled we buy maybe with the opposite

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end at a different price.

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And uh yeah that's kind of the updates

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that I've been working on here the

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weekends. And uh, of course, if you want

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to sign up to the weight list for Raven.

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The Raven is their no code trading

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builder, you can go to

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raven.polytraders.io,

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and I'm going to make sure to leave a

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link down below. You can scroll down and

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then you can sign up with your email to

7:41

get early access when this is ready to

7:44

launch. You can also go to uh

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discord.politraders.io

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io and sign and get access to our free

7:52

Discord community for Poly Traders. And

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uh I'm going to make sure to leave a

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link down in the description as well. So

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until next time, have a good one and see

8:00

you.

Interactive Summary

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.

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