Season 1 of the Synthetix trading competition has been pure adrenaline. 100 traders battling it out, swinging for the fences with 100x leverage, and a leaderboard that kept us glued to our screens. It’s been so much fun that we couldn’t finish it here…
Season 2 launches on December 1st, with the following upgrades:
1,000 traders
Over $1m in prizes (500k USDC and 680k SNX)
50 winners
30 markets
2 weeks of trading
We provide the margin - you make the trades!
Season 2 Is for the Community
Season 1 limited entries to 100 of the biggest and best traders in crypto for an all-out war over a $1,000,000 top prize, but we received hundreds, if not thousands, of comments, requests, and DMs asking for an entry once the competition began.
Now it’s your turn. We’re opening up Synthetix Exchange to 1,000 traders for Season 2.
While Season 1 of the Synthetix Mainnet Trading Competition skewed very heavily to the 1st place with a $1,000,000 top prize, Season 2 will feature a more evenly distributed prize pool amongst the top 50 traders.
Event Details
200 Top Traders: Invite-only spots reserved for influential voices in the crypto space. These experts will bring their trading prowess, or lack thereof, and unique perspectives. They will help amplify the event's reach and impact.
800 Open Spots: 80% of entries into round 2 are open to the community! Traders will be selected based on the top 800 sUSD pre-depositors with a minimum deposit of 10,000 sUSD. To remain eligible for prizes throughout the competition, depositors must maintain their deposit balance in the vault.
Objective: Finish with the highest margin balance at the end of the competition.
Identification: Before a user can trade, they must link their X account to their deposit address on Synthetix Exchange. Synthetix reserves the right to reject any accounts that appear to be botted or inorganic.
Trader Coverage: While user-level trade data on the Synthetix Exchange will remain private, Synthetix reserves the right to share all trading activity and post public content about traders and their participation during the competition.
Rules of Engagement: We'll be monitoring throughout the competition for sybils and will disqualify any accounts that behave outside of the spirit of the competition (correlated trading across accounts, exploit abuse, etc).
See you in the order books.