# 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](https://app.dem.exchange/rewards/demex-points/main/overview).\
\
In Season 2, spins can be earned in multiple ways:

### Perpetual Trading

<table><thead><tr><th width="374">Active Perp Trading</th><th>Open Interest</th></tr></thead><tbody><tr><td>Earn 1 spin instantly for every $12,500 traded on perpetual markets.</td><td>Receive 1 spin for every $12,500 in open interest maintained per week.</td></tr></tbody></table>

### **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](https://app.dem.exchange/pools/perp).

### **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](https://app.dem.exchange/nitron).

{% hint style="info" %}
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.
{% endhint %}

## 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.


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