How gSera works

Takers — swap to earn

Who · anyone, any time they swap on Sera. You're a taker on every swap you make — even if you also provide liquidity in the Vault.

Every swap earns a base of 100 gSera per $1 of trade size, multiplied by a compound multiplier built from four independent factors:

gSera = size_usd × 100 × compound
compound = heat × volume × streak × power (capped at 10×)

The four factors, each its own tab:

Heat Index — the pair you trade

Set by the currency pair. Exotic, thin-liquidity pairs pay the most; anything involving USD pays the base.

Tier	Pair type	Multiplier
S	Two emerging-market currencies (e.g. TRY/BRL)	4.0×
A	Major-non-USD ↔ emerging market, or two active Asian currencies	2.5×
B	Two major non-USD currencies (e.g. EUR/GBP)	1.5×
C	Any pair involving USD	1.0×

Same-currency swaps (e.g. USDC↔USDT) earn 0 gSera — they still appear in your activity feed for transparency.

Volume Tier — your season volume

A loyalty kicker that peaks in the mid range, rewarding consistent mid-size flow.

Season volume	Multiplier
$0 – $100k	1.0×
$100k – $10M	1.6×
$10M – $50M	1.4×
$50M – $100M	1.2×
$100M+	1.0×

Streak — consecutive active weeks

Trade at least once in a UTC week to keep your streak. Miss a week and it resets to 1.

Week	Multiplier
Weeks 1–2	1.0×
Weeks 3–4	1.10×
Week 5	1.15×
Week 6	1.20×
Week 7	1.25×
Week 8+	1.30×

Power Hour — trade during a live session

A flat 1.2× when a regional trading session is open for either currency in the pair (the "OR" rule). Eight sessions rotate through the UTC day:

Session (UTC)	Currencies
Sydney 22:00–06:00	AUD, NZD
Tokyo 23:00–08:00	JPY
Singapore 00:00–09:00	SGD, MYR, IDR
Dubai 04:00–13:00	AED
Africa 06:00–15:00	ZAR, NGN
London 07:00–16:00	EUR, GBP, CHF, TRY
New York 12:00–21:00	USD, CAD
LatAM 12:00–21:00	BRL, ARS, CLP, COP, PEN, MXN

Caps

Compound cap 10× — the product of the four multipliers is capped at 10×, however high the factors stack.
Per-pair daily cap $1,000,000 — only the first $1M of volume per pair per UTC day earns gSera; the excess earns 0 that day. Resets at 00:00 UTC.

Referrals & Early Bird

Referrals — share your link; you and your referee each earn a one-time 88 gSera grant on their first swap (any size — only same-currency stablecoin swaps, which earn no gSera, don't count). One claim per wallet; self-referral isn't allowed.
Early Bird — pre-registered wallets receive a 10,000 gSera starter, unlocked by trading $8,888+ cumulative volume during Season 1.

Makers — provide liquidity to earn

Who · anyone who deposits liquidity into the Sera Vault. You earn as a maker only when someone else's volume fills your resting liquidity.

gSera accrues on filled volume, never on deposits — deposits can be wash-cycled, so crediting them would be gameable. Filling a real order is the thing we reward.

Maker vs taker is per activity, not per wallet

The same wallet can be both. When you swap, you're a taker on that swap. When someone else's volume fills the liquidity you deposited, you're a maker on that fill. A wallet can't fill its own order, so depositing doesn't make you a maker on your own swaps — until your resting liquidity is actually filled, it's just waiting liquidity, and any swapping you do in the meantime is pure taker activity.

Concretely: a genuine maker fill is the leg that captured the spread (received more value than it gave, at peg prices). That leg earns maker gSera. Every other leg — including a depositor's own swaps — is a taker swap and earns taker gSera. The two are counted separately, so a wallet that does both earns both, with no double-count.

What makers see

The Makers tab and the per-maker drill-down report, from on-chain data:

Capital base — gross deposited into the Vault.
Filled volume — total notional filled providing liquidity.
Capital efficiency — filled volume ÷ capital base, i.e. how many times the capital turned over.
Realized profit — spread captured (USD received − USD given at registry peg prices).
Return on capital — realized profit ÷ capital base.
APY — return on capital annualized over the maker's active window.

Takers vs makers, at a glance

	Takers	Makers
Earn on	Volume swapped	Volume filled
Rate	100 / $1 × compound	100 / $1 (1× flat)
Multipliers	Heat·Volume·Streak·Power (cap 10×)	None
Daily cap	$1M per pair	None (promo)
Window	Season 1 (from 1 Jun 2026)	7 May – 22 Aug 2026
Headline metric	Savings vs Wise	Profit · APY · capital efficiency