Spins

What are Spins and How Can I Earn Them?

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 Points Hub. In Season 2, spins can be earned in multiple ways:

Perpetual Trading

Active Perp Trading	Open Interest
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.

Providing Liquidity to Perpetuals LPs

Perp Pool Deposits	Perpetuals LPs Liquidity Usage
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 this page.

Nitron

Lending	Borrowing
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 Nitron.

Your trading volume, deposits, and Nitron activities are tracked through 5-minute snapshots. This ensures that your spins are continuously updated in real-time, with new data refreshed every 5 minutes.

Example

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:

$$SpinsPerWeek = \frac{Deposited\hspace{0.1cm} USD} {1000}$$

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.