# Loss Protection Dec 9 - 20 The Loss Protection Programme will help partially offset losses for traders when trading on perpetual markets on Demex, resulting in smaller losses and thus bigger potential winnings! ## Overview * **Purpose**: To reward traders who have incurred losses in perpetual markets. * **Reward Pool**: $1,000 prize pool for registered traders who subsequently incurred trading losses. * **Distribution Method**: The more you lose, the larger your share of the reward pool. * **Eligibility**: Open to all users who sign up and have lost money trading. * **Duration**: The promotion will run for 1 month from September 10th to October 10th, 8am UTC. * **Distribution:** Rebates will be sent to users manually after the promotion ends. ## How to Participate 1. **Join the Loss Protection Program**: Register [here](https://app.dem.exchange/rewards/loss-protection-programme). 2. **Trade**: [Trade](https://app.dem.exchange/trade/BTC-PERP) on any perp market during the programme period. ## How It Works ### Scenario A: Total Losses < Reward Pool If the total losses incurred by all registered users are less than the value of the reward pool: * All users will receive a full rebate of their losses. ### Scenario B: Total Losses > Reward Pool If the total losses incurred by all registered users exceed the value of the reward pool: * Rebates will be distributed pro-rata. * Users will receive a partial rebate proportional to their losses. #### **Example:** * Reward Pool: $1,000 * User A's loss: $1,000 * User B's loss: $3,000 * Total losses: $4,000 * User A receives: 1000/4000\*1000 = $250 * User B receives 3000/4000\*1000 = $750 ## **Terms and Conditions** * Demex reserves all rights to the final interpretation of this event. This includes but is not restricted to, the right to disqualify orders or users that are deemed fraudulent and to amend any event rule, guideline, or activity at our sole discretion. * All current and new users are eligible to join this event. However, users located in these [**regions**](https://guide.dem.exchange/technical/terms-and-conditions#4.-restricted-locations) are ineligible to participate in this event. * Only positions that have been opened and closed on perpetual markets during the event duration are counted. For example, a position opened before the event’s start date will not be counted. Similarly, a position opened after the end date will not be counted either. * The prize pool is variable and will increase with the cumulative trading volume of all addresses (including those that did not register). * Prizes will be airdropped to winners to the Demex wallet addresses (starting with swth) used for participation, within 90 days from the end of the event. * Terms and conditions can be changed at any point, as deemed necessary, to ensure a fair event for all participants. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://guide.dem.exchange/demex-rewards/past-events/2024/loss-protection-dec-9-20.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.