Introducing the TVL Incentive Campaign, powered by Merkl
Last updated on December 10, 2025. Originally posted on November 26, 2025.
The first liquidity rewards campaign on Monday Trade is now live — and it’s all about rewarding early LPs who help build deep liquidity for MON on Monad.
Introducing the TVL Incentive Campaign, a Merkl-powered rewards program that gives MON/USDC liquidity providers boosted returns on top of regular trading fees.
If you have MON and want to earn real yield and additional incentives, this campaign is for you.
What is the TVL Incentive Campaign?
The TVL Incentive Campaign is a dedicated reward program for the MON/USDC Spot AMM pool on Monday Trade.
To bootstrap early liquidity, Monday Trade is distributing MON rewards to LPs who supply liquidity to this pool — on top of the swap fees they already earn.
Rewards are distributed transparently via Merkl, the leading onchain incentive platform.
What you earn as an LP
Liquidity providers in the MON/USDC pool earn:
Trading Fees
Earn a share of all swap fees generated by users trading MON/USDC.
Daily MON Rewards (via Merkl)
A dedicated incentive pool funded by Monday Trade, distributed to LPs based on liquidity share and activity.
Voyage Points
Providing liquidity also earns Voyage Points in our Reward Hub, and early LPs capture the most. Learn more about the Voyage Point Program here.
How rewards work
Merkl distributes rewards based on your share of the MON/USDC pool’s TVL, how long your liquidity remains active, whether your liquidity is in range, and the pool trading volume.
Reward updates
- Rewards update every 3 hours on Merkl
- You can claim rewards every 8 hours
Everything is automatic — simply provide liquidity and track your accrual on Merkl’s dashboard.
How to participate
Adding liquidity takes just a few steps:
- Go to Monday Trade → Spot → MON/USDC
- Deposit MON + USDC into the pool
- Start earning swap fees + Merkl MON rewards
- Track and claim rewards via Merkl throughout the campaign
Your liquidity stays fully onchain and can be removed anytime. Check out the user guide for full details.
Campaign duration
November 26th → December 24th, 2025
Rewards are distributed in two campaign waves, each running independently.
- Wave 1: Nov 26 → Dec 3 - INACTIVE
- Wave 2: Dec 4 → Dec 25 - ACTIVE NOW
Each one has its own reward allocation and distribution curve. Summaries will be posted on X, so keep your eyes on it!
How this fits into Monday Trade’s Reward Hub
The TVL Incentive Campaign works alongside the Voyage Points Season 1, our long-term reward layer for traders + LPs; and Momentum Campaign, a 4-week referral + trading sprint with MON + USDC prizes.
TVL campaigns specifically boost liquidity, serving as the incentive layer for LPs, while the other programs mainly reward trading activity and referrals.
Together, you get multiple ways to earn for participating in the Monday Trade ecosystem.
Provide liquidity now
Add liquidity to available pairs today and start earning fees + boosted MON rewards.
