We are thrilled to announce the launch of our Perp Trading Competition, a new initiative designed to kickstart the Perps trading ecosystem on Mode and bring the excitement of perpetual trading to our community. Users will be rewarded a share of 5 million points (around 10% of daily point distribution) every day based on their transaction volumes across key pairs on LogX, Print3r, BMX, ModeMax, and soon on Lynx.
This competition is part of our ongoing Activity Points campaign, offering users even more ways to earn Mode points by actively participating in the ecosystem.
The Perp Trading Competition
The Perp Trading Competition is designed to kickstart the perpetual trading ecosystem on Mode, marking the beginning of what we’re calling "Perp Season."
We’re offering 5 million Mode points, which will be distributed daily based on user trading volume across the participating perp protocols.
The competition will run from August 15th until the end of Mode Points Season 2, giving users ample time to participate and earn rewards.
Participating Trading Positions
Here are the trading postions you can use to earn points in the competition:
LogX: BTC and ETH
Contract Address: 0x76faCa30bDE1c5B0Bc403CB12333fDbddc6f3144
Print3r: BTC, ETH, and MODE
Contract Address: 0x49C804efF6018627100F85d50890D093590fa4fB 0xFb1e29a00258FDef28d73196462fA50263380068
BMX: wBTC, ETH, weETH, MODE
Contract Address: 0x6d6ec3bd7c94ab35e7a0a6fda864ee35eb9fae0
ModeMax: WBTC, ETH, MODE
Contract Address: 0xf7abd2b64b1492f6f329d732cad30665c11785fb
Lynx: (coming soon)
How Does It Work?
Participating in the Perp Trading Competition is simple. Here’s how you can earn points:
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Participation: Engage in taking positions on supported pairs/assets (long or short) on the supported dApps. The more you trade, the more points you can earn.
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Volume Calculation: Each day, we’ll aggregate the total trading volume from these pairs.
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Point Distribution: Your share of the daily trading volume will determine the number of points you earn.
When Can Users Start Earning Activity Points?
The competition is live now! Start trading today to earn your share of the 5 million Mode points distributed daily. Daily calculations will be confirmed at 11:00 AM UTC, and users can view their updated Activity Points on their dashboard by approximately 11:05 AM UTC.
About Mode
Mode is the Modular DeFi Layer 2, a crucial part of the OP Superchain. Backed by a $6 million grant from Optimism, our mission is to build a more open, efficient, and inclusive financial future. We are committed to enabling users to harness the full potential of decentralized finance, creating new economic opportunities for growth.
Stay tuned for more updates as we continue to enhance our platform and deliver value to our community. Visit our dashboard for more details on how to participate and to check your eligibility.
Conclusion
The Perp Trading Competition is your chance to dive into the Mode ecosystem, earn rewards, and help grow our Perp ecosystem. Whether you're a seasoned trader or new to the space, this competition offers an exciting opportunity to maximize your earnings while actively contributing to the Mode network.
Join us, start trading, and let's make Perp Season a success!