👑Mantle Trading League S2

23 December, 2024, 08:00AM UTC - 17 January, 2024, 08:00AM UTC

The first major partnership campaign with Mantle Network was a success, and we are thrilled to announce the return of the Mantle Trading League S2 - also known as Mantle Mayhem!

This Mantle trading competition is co-sponsored by the Mantle Grant Programme and showcases Demex's continued determination to expand 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:

Markets	Points
MNT Perpetual Market	3
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:

Volume Milestone (Demex Total Volume)	Nominal Prize Pool ($USDC)
<50M	$1,500
50M - 100M	$2,000
100M - 150M	$3,000
150M - 500M	$7,000
>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

Rank	Winners	Prize %	Individual Allocation
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

1. 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:

1. Hold any supported USDC stablecoins within the USD basket. Check its constituents here.

2. Navigate to Demex's deposit page, connect your preferred wallet and deposit the USDC.

app.dem.exchange/account/balances/deposit/cgt/1

1. 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.

2. 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 23 December, 2024, 08:00AM UTC - 17 January, 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 Mayhem!