Spins
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The spins are your ticket to unlocking more Demex Points through the Wheel of Fortune. You can always check your Spins balance by visiting the . In Season 2, spins can be earned in multiple ways:
Earn 1 spin instantly for every $12,500 traded on perpetual markets.
Receive 1 spin for every $12,500 in open interest maintained per week.
Receive 1 spin for every $1,000 deposited and held in perpetual pools pro-rata* each week.
You can check all the available Perpetual LPs and they real time APYs on .
Earn 1 spin for every $100,000 lent per week.
Earn 1 spin for every $10,000 borrowed per week.
You can check all the lendable and borrowable assets and their APYs on .
Here are some examples:
Example 1: Perp Trading Bob trades $25,000 worth of perpetuals. Bob will be awarded 2 spins instantly.
Example 2: Perp Pool Deposits Alice deposits $2,000in the Perp Pool. Assuming her deposit remains unchanged for 1 week, Alice can expect to receive 2 spins at the end of the 1-week period.
To calculate the number of spins you can accumulate through Perp Pool deposits, use the following formula:
Example 3: Nitron Lending Tom lends $200,000 in Nitron. Assuming his lending position remains unchanged for 1 week, Tom can anticipate getting 2 spins at the end of the week.
Example 4: Nitron Borrowing Rachel borrows $20,000 from Nitron. Assuming her borrowing position remains unchanged for 1 week, Rachel can expect to receive 2 spins at the end of the week.