Passage Mainnet Trading Competition
Take part in our first ever Mainnet Trading Competition on Passage! Bragging rights are up for grabs, as well as a 20,000 $ARB prize pool!
We saw over 450 volatility traders battle it out during the testnet trading competition, so it only made sense to raise the stakes for Passage Mainnet. Everything is kicking off on January 4th, 2024, giving traders the opportunity to compete for their ranking on the PnL leaderboard.
TL:DR
More volume = more prizes, so let your fellow traders know that it’s time to find out who holds the volatility crown. The prize pool starts off at 5k $ARB, doubling when trading volume hits the $5M mark, and doubling again at the $10M mark for a maximum pool of 20k $ARB.
The top 5 traders at the end of the competition period will receive prizes. Payout will occur within 7 days after the end of the competition.
Wen? Now. To reward some of our most loyal and longstanding community members, Bracket NFT holders will receive a PnL score multiplier based on their NFT holding
The multiplier is applied at the end of the competition, for example, a trader with a 200 PnL score who holds a Den of Dragons would be boosted to 220. Only the highest multiplier a wallet qualifies for will be used, no double boosts. Be sure to sign up and trade with the same wallet where your NFT is held to qualify. NFT ownership will be checked at the start of the competition, so feel free to acquire one prior to January 4th if you want to qualify.
With 3 more weeks until launch, we’re beyond excited to see what traders will be able to do with Passage. It’s the most straightforward way to long or short volatility, and as we find ourselves on the precipice of a bull market there’s plenty of opportunity to make plays either way. See you on January 4th, and make sure to sign up for the trading competition here!
Additional Terms and Conditions
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Passage Documentation: https://bracket-labs.gitbook.io/bracket-labs/bracketx/passage