A bigger rewards pool can still mean a smaller payout for you. The latest @OndoPerps announcement puts weekly USDC rewards at $220K, split between liquidity, volume and featured trading activity. My first reaction: the split matters more than the headline total. That $220K isn't one pool every trader competes for on identical terms. Your activity determines which allocation is relevant, while competition within it matters to what you ultimately receive. I like that the structure recognizes different contributions. But dividing the total budget by my own trading volume would tell me very little. The number I'd care about is the reward actually received against the cost of qualifying for it. A larger campaign budget alone cannot answer that.