December 2021 Trading Competition Rules
Last updated December 13, 2021
This trading competition (the “Trading Competition”) is subject to the Trading Competition Terms and Conditions and the following rules:
The Trading Competition will start on December 9, 2021, at 18:00 UTC Time (the “Competition Start Time”) and end on December 16, 2021, at 18:00 UTC Time (the “Competition End Time”).
Eligibility for the Trading Competition will be calculated between 5 minutes prior to the Competition Start Time and the Competition Start Time.
The final rankings will be calculated between the Competition End Time and 5 minutes after the Competition End Time.
You must have at least 1,000 USDC on the dYdX Layer 2 protocol as of the Competition Start Time.
Your ranking will be based on the percentage change in profits and losses beginning at the Competition Start Time and ending at the Competition End Time as set forth on the
The total amount of prizes that participants will receive in the Trading Competition is 250,000 USDC (the “Total Prizes”).
The Total Prizes will be transferred (after taxes) as follows:
1st place: 125,000 USDC
2nd place: 62,500 USDC
3rd place: 37,500 USDC
4th through 10th places: 4,167 USDC each
All prizes in the Trading Competition will be paid in USDC to your Layer 2 wallet on the dYdX Layer 2 protocol no later than one week following the Competition End Time.
Receipt of your prize is conditioned upon compliance with the Trading Competition Terms and Conditions
The Total Prizes and each prize set forth above is net of taxes payable on such prizes in the United States. In accordance with tax rules, dYdX Trading Inc. will withhold taxes required under applicable laws. No personal information will be collected or submitted to a governmental agency in connection with such tax withholding. The actual U.S. dollar value of each prize is as follows:
1st place: $178,571.43
2nd place: $89,285.72
3rd place: $53,571.43
4th through 10th places: $5,952.86 each