🏎️Mantle Trading League
20 November, 2024, 08:00AM UTC - 20 December, 2024, 08:00AM UTC
We're thrilled to announce our first major partnership campaign with Mantle Network!
The Mantle Trading League, co-sponsored by the Mantle Grant Programme, marks an exciting milestone as Demex expands its cross-chain capabilities to the Mantle ecosystem.
Compete for a prize pool of $10,000 USDC while experiencing seamless, CEX-like trading with all the benefits of decentralization.
How To Play
Step 1: Register
Visit the Mantle Trading League page and click the "Register" button to participate in this event.
Step 2: Trade and Earn Points!
Once registered, start trading perpetuals to earn points! As this is the Mantle Trading League, you'll earn more points by trading on the MNT-PERP market.
For every 1 USD of trading volume (factoring in leverage), you will earn:
Other Perpetual Markets
1
Step 3: Climb the Leaderboard!
Monitor your progress on the leaderboard. The top 20 participants will win USDC from the $10,000 prize pool!
Prize Pool Structure
A growing prize pool tied to the volume milestones will motivate participants to push higher trading volumes. Here's the prize pool structure based on milestones:
<200M
$3,000
200M - 300M
$5,000
300M - 400M
$7,000
400M - 500M
$8,500
>500M
$10,000
Maximum Prize Paid Out
10,000 $USDC
Note: The prize pool grows with total trading volume on Demex during the competition period. The final prize pool will be determined by the highest volume milestone achieved during the event.
The prize pool will be distributed based on final rankings:
Prize Distribution
1
1
30%
30%
2
1
20%
20%
3
1
12%
12%
4
1
8%
8%
5
1
7%
7%
6
1
6%
6%
7
1
5%
5%
8
1
4%
4%
9
1
2%
2%
10
1
1%
1%
11-15
5
3.33%
0.66%
16-20
5
1.67%
0.33%
Additional Ways to Maximize Returns
1. Nitron Borrowing Strategy
Borrow USD on Nitron using your assets as collateral
Use the borrowed USD to increase your trading position size
Take advantage of special borrowing incentives during the competition
2. Perpetual LP Strategy
Provide liquidity to perp pools for passive earnings
Create a delta-neutral position by trading and providing liquidity
Offset potential trading losses with LP rewards
Earn from the pool's profits when other traders lose
FAQs
How do I begin trading on Demex (Carbon Network)?
Demex uses USDⒼ as margin for perpetual trading. USDⒼ is backed by a basket of USDC from multiple networks (Osmosis, Ethereum, Noble, Arbitrum, etc) to allow for zero-slippage deposits.
Follow these steps to deposit USDC onto Demex and start your trading journey:
Hold any supported USDC stablecoins within the USDⒼ basket. Check its constituents here.
Navigate to Demex's deposit page, connect your preferred wallet and deposit the USDC.
The USDC will be auto-converted at a 1:1 ratio to USDⒼ, and you can also withdraw USDⒼ to any of the supported stablecoins at any time.
Congratulations! You are now ready to trade on the MNT-PERP or other markets, and be a market maker by providing liquidity to the Modular Perp Pool which MNT-PERP belongs in.
When are trades counted?
Only trades executed after successful registration during the event period are counted
Both opening and closing of positions must occur within the event duration
What about random prizes?
Additional random prizes may be distributed to participants who meet minimum trading volume requirements, separate from the leaderboard prizes. This means even if you are not part of the top 20, you should still keep trading to win random prizes!
Terms and Conditions
Demex reserves all rights to final interpretation of event rules
Event runs from November 20, 2024, 08:00AM UTC to December 20, 2024, 08:00AM UTC
Users from restricted regions are ineligible
Only registered trades during the event period count toward points
Prizes will be distributed in USDⒼ within 90 days of event's end
Terms may be modified to ensure fair participation
Ready to start trading? Register Now and join the Mantle Trading League!
Last updated
