A new Maker Points mechanism launched by an emerging exchange is expected to reshape the liquidity incentive logic of derivatives DEXs.

The key innovation of this model is—market makers do not need to wait for trades; they can accumulate points simply by placing orders to provide liquidity, breaking the traditional mindset that only trading yields profits.

The logic for generating points is driven by three dimensions. First, consider order value, calculated by multiplying margin by leverage; the larger the position size, the faster the points accumulate. The time an order stays on the ledger also affects the points earned. Additionally, price priority plays a role—orders closer to the market mid-price will receive a weighting bias.

In the short term, this mechanism can significantly increase the depth and trading volume of trading pairs. Market makers are motivated to continuously supply liquidity rather than waiting for volatility to act. For the exchange ecosystem, increased liquidity means reduced slippage and improved user experience, creating a positive feedback loop. This incentive system may become a benchmark that competing products will strive to imitate.