Polymarket Liquidity Providing (LP) Guide:
I have been doing this for 2 months now and I am at the top 5% of wallets.
To earn rewards you need to CREATE ORDERS, either buy or sell, at markets located within the rewards section.
There are many strategies, but the one I have been using is finding markets that have ALL of the bellow traits:
1) High Probability of either Yes or No to be safe in case our order gets filled (has to be less than 90% to earn rewards!)
2) Markets with LOW VOLUME!
3) Low Competition and Little Rewards ($3-$50, rarely when the market is fresh you can aim for higher rewards, but don't stay long as volume will pick up!)
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On these markets I then open a BUY order as close to the midpoint as I can, MAKING SURE that there is an open order bellow me to which I can sell in case I get filled!
Always sell your positions for a small loss in case you get filled unless you are certain for the outcome of the market and are willing to take the risk!
(setup alerts using https://t.co/c70zaG79H1)
Our goal is not to make money here, our goal is to climb the Rewards leaderboard AND farm volume organically while losing the least amount of money.
That being said, I am personally in profit doing this so I am essentially farming @Polymarket FOR FREE.
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If you are planning on doing this please consider joining with my link -> https://t.co/BkKOI1paep
Feel free to ask me if you have any questions.
@bread_ Damn....The way this is worded once again.....
Are you saying incentives are not currently running / activity is not being tracked?
That's what "We WILL do incentives. Incentives are coming. Things WILL be incentivized" implies.
@PiciTheCat@Doonhamer_@Polymarket "airdrop" in the docs lmao.
As to your original question, this guy has a weekly PnL of -1000$ so you can imagine that to earn these rewards he is taking on quite bit of risk, no matter how much he tries to manage it.
@austiinxbt@0xBaseee@Polymarket@CarOnPolymarket@mustafap0ly sure but then you place a bid and then a bot outbids you by exactly the amount you bid, making sure it has minimal loss since it can instantly sell their position to you all while taking the maximum %