We’re thrilled to announce the Synthetix Perps V3 Trading Competition, starting subsequent week, October 2nd, on Base Testnet! For this occasion, we’ve partnered with two frontend integrators, Kwenta and Polynomial, to deliver a testnet buying and selling expertise to our ecosystem.
We’re thrilled to announce the Synthetix Perps V3 Trading Competition, starting subsequent week, October 2nd, on Base Testnet! For this occasion, we’ve partnered with two frontend integrators, Kwenta and Polynomial, to deliver a testnet buying and selling expertise to our ecosystem.
As a part of the competitors’s launch, Synthetix is providing a beneficiant prize pool of $15,000 value of SNX, 15 Kwenta tokens, and unique NFTs due to the SNX grants council.
Synthetix Perps V3 Testnet Trading Competition Particulars:
The competitors will start on October 2nd. The winners can be chosen based mostly on their buying and selling efficiency, with the very best returns taking the biggest rewards:
- 1st place: $5,000 SNX + 5 Kwenta tokens
- 2nd place: $2,500 SNX + 4 Kwenta tokens.
- third place: $1,000 SNX + 3 Kwenta tokens.
- 4th place: $500 SNX + 2 Kwenta tokens.
- fifth place: $500 SNX + 1 Kwenta tokens.
- Sixth-Tenth place: $500 SNX.
There can be different rewards handed out to pick out commerce actions that can be introduced after the competitors.
How you can Take part within the Trading Competition:
- Navigate to the Synthetix Perps V3 buying and selling integrators on both Kwenta or Polynomial.
- Join your pockets to Base Goerli testnet (https://chainlist.org/chain/84531).
- Place trades between October 2nd and October fifteenth.
- Winners may have their prizes distributed on the finish of the competitors interval.
Bug Bounty Prizes:
Synthetix can be paying bug bounties based mostly on the degrees set on Immunefi, however discounted by 90%.
Sensible Contract
- Vital – $1,000-$10,000
- Excessive – $5,000
- Medium – $1,000
Webapp
- Vital – $300-$3,000
- Excessive – $1,000
Be taught extra concerning the Synthetix Bug Bounty Program on Immunefi: https://immunefi.com/bounty/synthetix/
Competition Scoring
The first leaderboard can be calculated by merchants’ PnL.
Competition Guidelines
No transferring balances between wallets or buying and selling accounts. Any transfers of collateral will disqualify your tackle from the rewards pool.
Merchants can commerce at any time between the beginning date of October 2 and the competitors finish date of October fifteenth. Official begin and finish occasions can be introduced and up to date nearer to October 2nd.
To stop sybiling, we’ve got eliminated addresses from the unique signup varieties with duplicate emails, discord handles, or community IDs at signup.
Synthetix Perps V3 Mainnet Launch
The Mainnet launch of Synthetix Perps V3 is projected for the next months, providing the total suite of Synthetix V3 options. Keep related with our neighborhood on the Synthetix Discord, in addition to via Twitter.
