🧑‍🏫How to participate

A step-by-step guide on how to participate in ALEX Surge and earn rewards.

ALEX Surge is a round-based liquidity incentives program that rewards participants, including liquidity providers (LPs) and voters, for contributing to deeper and more robust liquidity pools on ALEX.

The Surge dashboard will display the different rounds of the program, such as Surge #16, Surge #17, etc.

Each Surge round follows these phases:

• Registration: projects can register their liquidity pools before the cut-off date.

• Voting: users vote to decide how $ALEX rewards will be distributed.

• Staking: liquidity providers stake LP tokens to earn additional rewards.

• Surge Rewards Emission: $ALEX rewards are distributed based on the votes and staking amounts.

The cut-off date is the deadline for registering liquidity pools in the current round. After this date, no new pools can enter, and the voting phase begins. You can check the timeline at the top of the Surge page to track the current phase of the program.

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📝 Register a Pool

If you are a project owner or community member, you can register a liquidity pool to participate in the ALEX Surge campaign.

Step 1: Open the Surge App

Go to the ALEX Surge App and click Register for Surge.

Surge registration

Step 2: Complete the Registration

• Fill in the required details and submit your pool before the cut-off date.

• Once the cut-off date passes, new registrations will no longer be accepted.

Surge registration

Step 3: (Optional) Donate Voter Rewards

You can add extra rewards to incentivize users to vote for your pool.

Once donated, voter rewards cannot be revoked or withdrawn.

Donating voter rewards

Once you've decided on an amount of voter rewards, press the Donate Rewards button. A confirmation pop-up will appear. If you understand that your donated rewards cannot be revoked, click Confirm.

Confirming voter rewards donation

Step 4: Promote Your Pool

To improve your ranking in the Social Leaderboard, engage with the ALEX community:

• Use @alexlabbtc and #ALEXSurge in your Twitter/X posts.

• Submit tweets via Discord or Blocksurvey.

Once registered, your pool will appear on the Social Leaderboard, where it will be ranked based on Twitter/X engagement metrics.

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🗳️ Voting for Emissions

During the voting phase, users can vote for their preferred liquidity pools to influence the distribution of $ALEX rewards.

Step 1: Open the Surge Voting Section

After the registration cut-off, go to the Surge App and click Vote for Emissions.

Voting interface

Step 2: Allocate Your Voting Power

Your voting power is based on your $ALEX and $LiALEX holdings.

• Choose how to distribute your votes among the available pools.

• Pools with more votes receive a higher share of the $ALEX rewards.

Step 3: Submit Your Vote

Click Cast Votes to finalize your selection. ⚠️ You can only vote once per round per wallet.

Allocating voting power

ℹ️ Understanding the Voting Panel

• Surge #XX Vote Ends In: This shows how much time is left before the voting phase closes. Once the countdown reaches zero, no more votes can be cast for that round.

• Current Votes: This represents the total number of votes cast in this round so far. Every time a user votes, this number increases.

• Emissions Per Surge: this is the total amount of $ALEX rewards available for distribution in the current Surge round. The more votes a pool receives, the larger the share of these rewards it will get.

• Voting Power Used: this shows how much of your available voting power you have used. Each user gets voting power based on their holdings and staked tokens, and once they vote, their used amount appears here.

Pools that receive more votes will get a higher share of the $ALEX rewards.

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🔹 Staking LP Tokens

After voting, liquidity providers can stake LP tokens to earn additional rewards.

Step 1: Open the Surge Staking Section

Go to the Stake LP To Earn section before the staking phase ends.

Step 2: Select a Pool and Stake LP Tokens

Click + Stake LP on the pool you want to stake in.

Staking LP tokens in Surge pools

Step 3: Stake in Multiple Pools (Optional)

You can stake LP tokens in multiple pools, but each stake is separate.

Step 4: Reward Distribution

• Rewards are distributed proportionally based on your staked LP tokens relative to the total staked amount in that pool.

• The more LP tokens you stake, the greater your share of the $ALEX rewards.

🚨 Important Notes:

• The ALEX Lab Foundation also votes but does not receive voter rewards.

• The voting percentage at the end of the staking phase determines how the $ALEX rewards are distributed.

• You cannot withdraw staked LP tokens until the end of the Surge round.

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💰 Claim Your Rewards

Once the voting and staking phase ends, the reward emission phase begins.

Step 1: Wait for Rewards Distribution

• Once the staking period ends, the reward emission phase lasts approximately 27–28 days.

• During this period, rewards are accumulated and become available for claiming.

• Your rewards depend on the total votes received by your pool and the amount of LP tokens you staked.

Overview of pending rewards before claiming

Step 2: Claim Your Rewards

1. Go to the Surge App and navigate to the Claim Rewards section.

2. Click Harvest all to claim your LP tokens and earned $ALEX rewards.

Claiming rewards and LP tokens

🚨 Important Notes:

• You can only claim rewards after the emission phase is complete.

• If you staked LP tokens, they will be automatically unstaked when you claim your rewards.

• A new Surge round starts after the rewards have been distributed.

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🔥 Social Leaderboard and Additional Incentives

ALEX Surge includes a Social Leaderboard Campaign, where pools can improve their ranking by engaging with the community on Twitter/X.

📌 How to Improve Your Pool's Ranking:

• Post about your project using @alexlabbtc and #ALEXSurge.

• Submit tweets via Discord or Blocksurvey to be counted towards the leaderboard.

• Engagement matters:

  • Likes → 0.5X multiplier

  • Reposts/Quote Reposts → 1.25X multiplier

  • Replies → 1.5X multiplier

Pools with higher engagement receive more votes from the ALEX Lab Foundation, increasing their rewards.

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🚀 Now you’re ready to participate in ALEX Surge and start earning rewards!