Snapshot date: Oct 10 2026

Strategies recap

Strategy Name Volume or TVL Addresses Rewards Efficiency ($ of TVL attributed by towards of incentives) Campaign
Fluid $4M 91 $10k https://app.merkl.xyz/opportunities/8734098007164661471

Flows

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Retention

→ We look at the retention of the top 10% liquidity provider to the campaign (bringing 98%+ of the liquidity)

| Percentage of liquidity on Fluid since the end of the campaign vs. overall liquidity provided

4 weeks after campaign end Ratio of top campain participants still in this range
>0% i.e. still on the chain
+10%
+30%
+50%
+70%

Interpretation: → XX% of the top users kept at least XX% of their money in Katana even 6 weeks after the campaign ended.