# Trading Rewards Program

***Disclaimer: Zeta Markets has ceased operating as of May 2025 and the token has ceased emissions.***<br>

Zeta’s trading rewards program aims to incentivize trading on the protocol to stimulate platform growth. The rewards are distributed in the form of $ZEX token. They are distributed to the traders based on their total epoch Z-Scores at the end of each epoch.

### Z-Score

Z-Score is the scoring system used to determine trading rewards allocation on Zeta. Users can earn Z-Score by trading on Zeta. Z-Scores are updated in real-time as trades take place.

Starting from Trading Epoch 6, the Z-Score earned from a trade is calculated as follows:

<table><thead><tr><th width="333">Order Type</th><th>$ Volume</th><th>Z-Score</th></tr></thead><tbody><tr><td>Maker</td><td>5</td><td>1</td></tr><tr><td>Taker</td><td>1</td><td>1</td></tr></tbody></table>

*Note: Maker volume for Market Makers eligible for Maker Rewards Program will not be eligible for Z-Score*

### Epoch Schedules

Rewards are distributed to traders based on their total Z-Scores earned in epochs. Each epoch (except the Genesis Epoch) lasts 28 days. Epochs start at 10:00:00 UTC of the starting date, and ends at 09:59:59 UTC on the 28th day.

The $ZEX rewards pool for each epoch will be announced before the epoch begins.

| Epoch   | Starting Date     |
| ------- | ----------------- |
| Genesis | 07 June 2024      |
| 1       | 25 July 2024      |
| 2       | 22 August 2024    |
| 3       | 19 September 2024 |
| 4       | 17 October 2024   |
| 5       | 14 November 2024  |
| 6       | 12 December 2024  |
| 7       | 09 January 2025   |
| 8       | 06 February 2025  |
| 9       | 06 March 2025     |

### Reward Distribution Formula

In each epoch, traders’ rewards will be calculated as follows:

$$
r=R \times \dfrac{zscore}{\sum\_{n}zscore\_n}
$$

where `R` is the total rewards pool allocated for the epoch in $ZEX, and `r` refers to the rewards allocated to a specific trader.

Traders will not be able to see their rewards before an epoch concludes. As rewards are in the form of $ZEX tokens, traders will be able to claim them in full, once it is available for claiming.

Rewards are calculated once the epoch ends. After which, a small window of time (1-2 days) may be required to finalize the rewards, before it becomes available for claiming.