Synthetix is bringing the first perp DEX to Ethereum Mainnet in Q4 2025. To kick this off, we've decided to launch with a landmark trading competition, featuring the largest prize in crypto history.
We'd like to thank you for coming along on the journey of the Synthetix Mainnet trading competition. This is going to be an incredibly exciting event. We expect tens of thousands of CT denizens to follow the action over the 30 days that the trading competition is live.
The Details
The competition kicks off on October 21 and will run for a full month, pitting 100 traders and Synthetix community members against each other in a battle of skill, strategy, and market mastery.
100 traders: 50 invite only and 50 Pre-Deposit/Community members.
Launch Date: Trading commences October 21st.
Starting Margin: Traders will begin with 50,000 USDT as margin.
Margin Top Up: On Nov 5th, traders will be airdropped an additional 50,000 USDT in margin.
Trader Buybacks: Every day from Nov 1st, a daily X poll will qualify one trader with a sub-$1k margin balance to receive a 10k margin top-up. The highest number of votes wins the additional margin.
Prize Distribution: The highest margin balance at the conclusion of the competition period will be declared the winner of $1,000,000.
Additional prizes of SNX and Infinex Patrons will be awarded to traders in 2nd - 10th places.
This competition serves as a proving ground for our technology, infrastructure, and integrators, incorporating trader feedback to fine-tune the DEX before our full public launch in Q4.
We'll see you in the order books.