We are excited to share that dYdX’s first trading competition will commence on September 30th.
All traders that have at least 1,000 $USDC in their accounts and zero open positions as of the Competition Start Date will automatically be included in the competition.
Traders will be ranked based on their Percentage PNL over the competition timeframe.
Total Prize Pool Competitors Will Receive: 250,000 $USDC
Competition Start Date: September 30, 2021 at 10am PST
Competition End Date: October 7, 2021 at 10am PST
Competition Prizes (Amounts Competitors Will Receive):
1st place: 125,000 $USDC
2nd place: 62,500
3rd place: 37,500 $USDC
4th-10th place: 4,167 $USDC each
How do I enter the competition?
As long as your account has at least 1,000 $USDC and zero open positions as of the Competition Start Date, your account will automatically be included in the competition. Rankings and participants can be viewed at the Competition Leaderboard.
How are the rankings determined?
Traders are ranked based on their percentage PNL over the duration of the competition. To view the formula for percentage PNL, head here. The Final Rankings will occur up to 5 minutes after the Competition End Time, as defined in the Terms and Conditions.
Can I deposit and withdraw from my account during the competition?
Yes, all accounts participating in the competition have the full functionality of a regular account on dYdX. Please note that depositing to your account will affect your percentage PNL, however.
How will winners receive their prizes?
Winners will have their $USDC prizes deposited into their dYdX L2 Trading Accounts within 1 week after the Competition End Date.
dYdX is the developer of a leading decentralized exchange on a mission to build open, secure, and powerful financial products. dYdX runs on audited smart contracts on Ethereum, which eliminates the need to trust a central exchange while trading. We combine the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange.