> For the complete documentation index, see [llms.txt](https://docs.thevolumeterminal.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.thevolumeterminal.com/campaigns/rewards-and-leaderboards.md).
# Rewards & Leaderboards
Leaderboards are the competitive core of Volume Terminal. They offer real-time transparency, displaying where you stand relative to other traders and how much of the reward pool you are currently tracking to receive.
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### Understanding the Leaderboard
The leaderboard ranking is updated dynamically based on your cumulative **Eligible Volume** within the current epoch or campaign.
#### Real-Time Calculations
* **Volume Sync**: The leaderboard updates periodically (typically every 5 to 15 minutes) as our backend fetches trade data from linked exchanges.
* **Estimated Reward**: Displays your projected payout based on the active campaign logic (Ranked vs. Proportional) at the moment of calculation. Note that this estimate is dynamic and will shift as other traders generate volume or enter the pool.
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### Reward Payouts & Claims
* **Non-Custodial Settlement**: When an epoch or campaign ends, all rewards are finalized. Payouts are pushed directly to your connected Web3 wallet address.
* **Network Fees**: Reward distributions are processed on-chain and sent to your wallet you connect to the Volume Terminal with. You will not need to claim the reward, therefore you do not pay any gas fees.
* **Verification**: All payouts contain a transaction hash (`payoutTxHash`), allowing you to audit your reward distributions on public block explorers.
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