Points

Traders on Kodiak Perps are eligible to earn Points. Points can be viewed on the Leaderboard.

Points are awarded in Seasons and conclude with xKDK incentives. The allocation of xKDK incentives is based on the overall incentive portion in the tokenomics, in proportion to the relative contribution of Perps to the Kodiak protocol.

Methodology (Season 2)

Points are awarded according to the following formula:

points = broker_fee

That is, points are directly proportional to net fees generated by a trader:

broker_fee = maker_volume * (maker_fee_tier - maker_orderly_fee) + 
             taker_volume * (taker_fee_tier - taker_orderly_fee)

Trader with VIP fee tiers will be eligible for points based on the fees generated (and will thus require higher volumes to earn the same amount of points as smaller traders).

xKDK Distribution (Season 2)

For Season 2, 1 xKDK token is claimable per point. Eligible users must accept the Claim Terms and claim within the claim period (Jun 9, 2026 to Aug 8, 2026).

Methodology (Season 1)

Points are awarded according to the following formula:

points = broker_fee + 10% * referred_broker_fee

That is, points are directly proportional to net fees generated by a trader + 10% of the net fees generated by referred users:

broker_fee = maker_volume * (maker_fee_tier - maker_orderly_fee) + 
             taker_volume * (taker_fee_tier - taker_orderly_fee)

Example

• Bob does $5M of taker volume and $5M of maker volume. Bob's fee tier is 0.04% for taker and 0.013% for maker

• Bob refers Alice, who does $1M of taker volume at a 0.04% taker fee tier.

• Let's assume that the orderly fee (fee paid by Kodiak to access the Orderly infrastructure, which varies based on overall Kodiak Perps metrics) is 0 for maker, and 0.01% for taker

• Thus, Bob's points are equal to:

broker_fee = 5M * (0.013% - 0) + 5M * (0.04% - 0.01%) = 650 + 1500 = 2150
referred_broker_fee = 1M * (0.04% - 0.01%) = 300

points = 2150 * 10% * 300 = 2180

xKDK Distribution (Season 1)

For Season 1, 1 xKDK pre-TGE Rewards token was distributed per point. Eligible users must accept the Migration terms and conditions and claim within the claim period (Dec 23, 2025 to Jan 23, 2026).