Points

On February 26th, we distributed the first round of early participation points. The launch timeline for Season 1 will be announced separately. Follow us on X and Discord for updates.

Users can earn points across three categories:

• Trading – Organic taker and maker trading activity earns trading rewards.

• Providing Liquidity – Rewards for maintaining deep, tight, and consistent liquidity across relevant markets allows makers to earn up to 2.5 liquidity points per 6 trading points:

  • Deep: Minimum eligible order depth is $2,000 for BTC & ETH and $400 for other markets.

  • Tight: Orders must be within a 20 bps mid-market spread for BTC & ETH and within 40 bps for other markets.

  • Consistent: Continuous presence in the order book is highly valued;

  • Relevant markets: Points allocation per market is dynamically adjusted based on trading volume.

• Referring – Earn up to 1.5 point for every 6 points earned by your referred users.

The team reserves the right to update the allocation criteria and logic, including the addition of new factors, which can be revised on a weekly basis.