Merge pull request #19 from CoinFabrik/feat/surge

Surge section
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* [💡 Key concepts](product-features/staking/key-concepts.md)
* [🧑‍🏫 How to stake](product-features/staking/how-to.md)
* [❓ FAQs](product-features/staking/faqs.md)
* [🚀 Launchpad](features/launchpad/README.md)
* [Join the ALEX Launchpad!](features/launchpad/join-the-alex-launchpad.md)
* [⚡ Surge](product-features/surge/README.md)
* [💡 Key concepts](product-features/surge/key-concepts.md)
* [🧑‍🏫 How to participate](product-features/surge/how-to.md)
* [❓ FAQs](product-features/surge/faqs.md)
## What Can You Do as a Project Owner?

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---
description: Participate in ALEX Surge and earn rewards by providing liquidity!
layout:
title:
visible: true
description:
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tableOfContents:
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pagination:
visible: false
---
# ⚡ ALEX Surge
ALEX Surge is a round-based liquidity incentives program designed to reward participants, including liquidity providers (LPs) and voters who help distribute rewards.
By participating in Surge, LPs can stake their liquidity pool tokens (LP tokens) to earn additional $ALEX rewards, while voters can use their $ALEX or $LiALEX tokens to determine which liquidity pools receive a larger share of these rewards.
{% hint style="warning" %}
**Important:** LP tokens fluctuate in value based on pool activity and market conditions. Liquidity providers should consider factors like **impermanent loss** before staking in Surge.
{% endhint %}
Every Surge round consists of multiple stages, including **registration, voting & staking, and reward emissions**.
To join the current Surge campaign and start earning rewards, visit the [ALEX Surge App](https://app.alexlab.co/surge).
{% hint style="warning" %}
🚨 **Cut-off Dates in ALEX Surge**
Cut-off dates define the deadlines for each phase in a Surge round:
- **Registration Cut-off**: no new pools can join after this date.
- **Voting Cut-off**: votes are locked, finalizing reward distribution.
- **Staking Cut-off**: last opportunity to stake LP tokens.
The current phase is always visible on the Surge interface.
{% endhint %}
## Explore
{% content-ref url="key-concepts.md" %} [key-concepts.md](key-concepts.md) {% endcontent-ref %}
{% content-ref url="how-to.md" %} [how-to.md](how-to.md) {% endcontent-ref %}
{% content-ref url="faqs.md" %} [faqs.md](faqs.md) {% endcontent-ref %}
## Support
For assistance, please reach out to our Community Managers on [Discord](https://discord.com/invite/alexlab) and [Telegram Channel](https://t.me/AlexCommunity).

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---
description: Common questions you may have when participating in ALEX Surge.
---
# ❓ FAQs
<details>
<summary>What is ALEX Surge?</summary>
**ALEX Surge** is a round-based liquidity incentives program designed to reward users who contribute to liquidity on the ALEX's decentralized exchange (DEX). Participants can vote with $ALEX or $LiALEX tokens to determine how $ALEX rewards are distributed among pools. Additionally, liquidity providers can stake their LP tokens to earn extra rewards.
Each Surge round distributes approximately 5,000,000 $ALEX based on the voting results, making it a unique opportunity for liquidity providers to earn additional rewards beyond standard pool fees.
</details>
<details>
<summary>How do I participate in ALEX Surge?</summary>
You can participate in ALEX Surge in several ways:
1. **As a Pool Registrant**: If you are a project owner or community member, you can register a liquidity pool to compete for $ALEX rewards. Once registered, users can vote for your pool, and liquidity providers can stake LP tokens in it. You may also donate voter rewards to attract more votes.
2. **As a Liquidity Provider (LP)**: Provide liquidity to a pool and stake your LP tokens in Surge to earn $ALEX rewards. The more LP tokens you stake, the larger your share of the rewards.
3. **As a Voter**: Use your $ALEX or $LiALEX tokens to vote for your preferred pools. Pools with more votes receive a larger share of the $ALEX rewards. Additionally, some pools offer **Voter Rewards**, which are extra incentives donated by the pool registrants to attract votes. By voting for these pools, you can earn a proportional share of the Voter Rewards allocated to that pool.
4. **By Promoting Your Pool on Social Media**: If you have a registered pool, you can increase its visibility by engaging with the ALEX community on **Twitter/X**. Pools with higher engagement may receive more votes from the ALEX Lab Foundation.
</details>
<details>
<summary>What are LP tokens?</summary>
**LP tokens** are the tokens you receive when you provide liquidity to a trading pool on the ALEX's decentralized exchange (DEX). These tokens represent your share of the pool's assets. In ALEX Surge, staking LP tokens allows liquidity providers to earn a share of the $ALEX rewards allocated to the pool, based on voting results and the total amount staked.
For more information, refer to the [Liquidity Providers](../liquidity-pools/key-concepts#liquidity-providers-lps) section.
</details>
<details>
<summary>How are rewards distributed in ALEX Surge?</summary>
Each Surge round distributes a fixed amount of $ALEX rewards among the participating pools based on the voting results:
1. **Voting Rewards**: The total $ALEX emissions for the round are allocated to pools proportionally to the votes received. Pools with more votes get a larger share of the rewards.
2. **Staking Rewards**: Within each pool, the allocated $ALEX rewards are distributed among liquidity providers based on their staked LP tokens.
3. **Voter Rewards**: Some pools donate additional rewards to attract voters. These rewards are distributed proportionally to those who voted for that pool.
</details>
<details>
<summary>What are Voter Rewards?</summary>
**Voter Rewards** are additional incentives that projects voluntarily donate to attract votes for their liquidity pools. If a voter supports a pool that has donated voter rewards, they will receive a proportional share of those rewards.
{% hint style="warning" %}
**Note:** Once donated, voter rewards **cannot be revoked or withdrawn**.
{% endhint %}
</details>
<details>
<summary>Can I vote for multiple pools?</summary>
Yes, you can distribute your voting power across multiple pools when voting. However, you can only submit your vote once per round per wallet, meaning you cannot modify or add votes later. Make sure to allocate your votes strategically before confirming.
</details>
<details>
<summary>What happens if I don't harvest my rewards?</summary>
Your rewards will accumulate over time, and you are not required to harvest them immediately after the emission phase ends. If you staked LP tokens, any unclaimed rewards will be automatically harvested when you unstake your LP tokens.
</details>
<details>
<summary>What is the Social Leaderboard?</summary>
The Social Leaderboard ranks pools based on their engagement on Twitter/X. Pools with higher engagement have a better chance of receiving votes from the ALEX Lab Foundation, which holds significant voting power.
</details>
<details>
<summary>How does the ALEX Lab Foundation vote in Surge?</summary>
The **ALEX Lab Foundation** votes with **5,000,000 voting power** to help distribute rewards to pools. The foundation's votes are influenced by the **Social Leaderboard rankings**, favoring pools with higher community engagement.
{% hint style="info" %}
**Important:** The foundations votes **do not receive any voter rewards**.
{% endhint %}
</details>
<details>
<summary>How long does the reward emission phase last?</summary>
The **reward emission phase** typically lasts **2728 days**. During this period, rewards are distributed to the pools based on the voting results. After the emission phase ends, participants can **harvest their rewards** and **withdraw their staked LP tokens**.
</details>
<details>
<summary>Can I register my pool multiple times?</summary>
Yes, pools can be **registered multiple times** before the cut-off date. Each registration allows you to **add more voter rewards** to attract additional votes.
{% hint style="warning" %}
**Note:** Once you donate voter rewards, they **cannot be revoked**.
{% endhint %}
</details>
<details>
<summary>What happens if I withdraw my LP tokens before the reward emission phase ends?</summary>
You **cannot withdraw** your staked LP tokens until the reward emission phase is complete. Once the phase ends, you can **unstake** your LP tokens and **claim any earned rewards**.
</details>
<details>
<summary>⚠️ Is there any risk involved in staking LP tokens in Surge?</summary>
Yes, staking LP tokens in Surge involves the same risks as providing liquidity in any **AMM-based DEX**, including the risk of **Impermanent Loss**. This occurs when the value of the assets in the liquidity pool fluctuates significantly, potentially reducing the total value of your LP tokens.
For more details, check the [Impermanent Loss subsection](../liquidity-pools/key-concepts.md#impermanent-loss).
</details>
<details>
<summary>Can I participate in multiple Surge rounds?</summary>
Yes, after each Surge round concludes, the process **repeats monthly**. You can participate in as many rounds as you like by registering pools, voting, and staking LP tokens in each new round.
</details>

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---
description: A step-by-step guide on how to participate in ALEX Surge and earn rewards.
---
# 🧑‍🏫 How to Participate in ALEX Surge
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.
---
## 📝 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](https://app.alexlab.co/surge) and click `Register for Surge`.
<figure><img src="../../.gitbook/assets/surge/surge-register.png" alt=""><figcaption>Surge registration</figcaption></figure>
### 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.
<figure><img src="../../.gitbook/assets/surge/surge-register-2.png" alt=""><figcaption>Surge registration</figcaption></figure>
### Step 3: (Optional) Donate Voter Rewards
You can add extra rewards to incentivize users to vote for your pool.
{% hint style="warning" %}
**Once donated, voter rewards cannot be revoked or withdrawn.**
{% endhint %}
<figure><img src="../../.gitbook/assets/surge/voter-rewards.png" alt=""><figcaption>Donating voter rewards</figcaption></figure>
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`.
<figure><img src="../../.gitbook/assets/surge/voter-rewards-2.png" alt=""><figcaption>Confirming voter rewards donation</figcaption></figure>
### 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**.
---
## 🗳️ 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](https://app.alexlab.co/surge) and click `Vote for Emissions`.
<figure><img src="../../.gitbook/assets/surge/surge-vote.png" alt=""><figcaption>Voting interface</figcaption></figure>
### 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**.
<figure><img src="../../.gitbook/assets/surge/surge-vote-2.png" alt=""><figcaption>Allocating voting power</figcaption></figure>
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**.
---
## 🔹 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.
<figure><img src="../../.gitbook/assets/surge/surge-stake.png" alt=""><figcaption>Staking LP tokens in Surge pools</figcaption></figure>
### 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 $ALEX rewards.
{% hint style="info" %}
🚨 **Important Notes:**
- The **ALEX Lab Foundation** also votes but **does not receive voter rewards**.
- The voting **percentage** at the end of the staking phase determines how the **$ALEX rewards** are distributed.
- You cannot withdraw staked LP tokens until the end of the Surge round.
{% endhint %}
---
## 💰 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 2728 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.
<figure><img src="../../.gitbook/assets/surge/pre-rewards.png" alt=""><figcaption>Overview of pending rewards before claiming</figcaption></figure>
### Step 2: Claim Your Rewards
1. Go to the [Surge App](https://app.alexlab.co/surge) and navigate to the Claim Rewards section.
2. Click **Harvest all** to claim your LP tokens and earned $ALEX rewards.
<figure><img src="../../.gitbook/assets/surge/rewards.png" alt=""><figcaption>Claiming rewards and LP tokens</figcaption></figure>
{% hint style="info" %}
🚨 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.
{% endhint %}
---
## 🔥 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.
---
🚀 **Now youre ready to participate in ALEX Surge and start earning rewards!**

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---
description: Understand the essential concepts behind ALEX Surge, including LP tokens, voting mechanisms, and reward structures.
---
# 💡 Key Concepts
## Surge Rounds & Phases ⏳
ALEX Surge operates in recurring rounds, with each round following a structured cycle that determines when pools can register, when users can vote, and when rewards are distributed. Each phase has a specific purpose, ensuring fair participation and smooth reward allocation.
## LP Tokens 💧
LP (Liquidity Provider) tokens represent your ownership share in a liquidity pool. When you deposit assets into a pool on ALEX Lab, you receive LP tokens in return, which track your contribution relative to the total pool size.
In ALEX Surge, LP tokens play a crucial role in staking and rewards distribution. Liquidity providers can stake their LP tokens during a Surge round to earn a portion of the $ALEX rewards allocated to their chosen pool. The more LP tokens staked, the higher the potential rewards.
Since LP tokens fluctuate in value based on pool activity and market conditions, liquidity providers should consider factors like impermanent loss before staking.
## Staking in Surge 🔹
Staking in ALEX Surge allows liquidity providers to commit their LP tokens to a specific pool in exchange for $ALEX rewards. By staking, participants help strengthen liquidity pools while earning rewards based on the total amount staked in each round.
**LP tokens can only be staked during the staking phase of each Surge round and remain locked until the end of the reward emission phase.** At that point, stakers can harvest their rewards and unstake their LP tokens. Rewards are distributed proportionally, meaning pools with more staked LP tokens and higher votes receive a larger share of $ALEX.
Staking is optional but offers an additional incentive for liquidity providers looking to maximize their returns in ALEX Surge.
## Voting Power ⚖️
Voting power in ALEX Surge determines how much influence a participant has when distributing $ALEX rewards across liquidity pools. It is calculated based on a users $ALEX and $LiALEX holdings at the start of each Surge round.
Each user can allocate their voting power to one or multiple pools. The more votes a pool receives, the higher the share of rewards it earns. Once a vote is cast, the used voting power cannot be changed for that round.
Additionally, the ALEX Lab Foundation contributes 5,000,000 voting power in every round, influencing the reward distribution based on Social Leaderboard rankings.
## Voting Mechanisms in ALEX Surge 🗳️
Voting in ALEX Surge determines how $ALEX rewards are allocated among liquidity pools. Participants cast votes using their voting power, which is calculated at the start of each round based on their $ALEX and $LiALEX holdings. Once submitted, votes cannot be changed for that Surge cycle.
Pools with higher vote totals receive a larger share of the $ALEX emissions, influencing the distribution of rewards across the ecosystem.
### Voter Rewards 🎁
Voter rewards are additional incentives provided by liquidity pools to attract votes. Projects or pool creators can donate extra rewards, which are distributed among users who vote for their pool during a Surge round.
Once voter rewards are allocated, they cannot be withdrawn or modified. Users who support pools offering these incentives receive their share of the donated rewards after the emission phase ends.
## The Social Leaderboard 📈
The Social Leaderboard is a ranking system in ALEX Surge that rewards community engagement. Pools that actively promote their participation on Twitter/X can improve their ranking and increase their chances of receiving votes from the ALEX Lab Foundation.
Leaderboard rankings are based on social media engagement, including likes, reposts, and replies. **To be considered in each Surge round, projects must submit their social activity through Discord or Blocksurvey before the voting phase ends.**
## Reward Distribution 💰
In ALEX Surge, rewards are distributed based on the number of votes a liquidity pool receives and the amount of LP tokens staked. The total $ALEX rewards allocated to a Surge round are divided among pools according to their voting share.
Liquidity providers who stake LP tokens in pools that receive votes earn rewards proportional to their stake. Additionally, some pools may offer voter rewards as extra incentives for participants who vote for them.
## Cut-off Dates 🚨
For details on cut-off dates and deadlines, refer to the [Cut-off Dates section in the Surge README](../surge/README.md).
## Risks and Considerations ⚠️
Participating in ALEX Surge involves risks similar to providing liquidity in any AMM-based DEX. Impermanent loss can occur if token prices fluctuate, affecting the value of staked LP tokens. Additionally, once voter rewards are donated, they cannot be withdrawn. Understanding these risks helps participants make informed decisions before voting or staking.