Synthetix Launches Trading Competition for its Perps V3 Testnet on the Base Network

Cash and tokens prizes are set to be rewarded to ten winners.

By: The Defiant Team Loading...

Synthetix's Perps V3 Testnet Trading Competition has kicked off and will be running from Oct. 2-Oct. 23. The contest will rewards top ten participants.

Perps V3 is a new synthetic derivatives trading platform and will be test-run through this competition. Users can participate in the competition via Kwenta or Polynomial Perps v3 interfaces by connecting to the Base Goerli Testnet. A real-time leaderboard will be available to contestants to observe the current standings.

Cash and tokens prizes are set to be rewarded to ten winners following a reward structure:

  • 1st place: $5,000 SNX + 5 Kwenta tokens
  • 2nd place: $2,500 SNX + 4 Kwenta tokens
  • 3rd place: $1,000 SNX + 3 Kwenta tokens
  • 4th - 5th place: $500 SNX + 2-1 Kwenta tokens respectively
  • 6th-tenth place: $500 SNX each

Strict competition guidelines have been issued, with any balance transfers between wallets or trading accounts leading to immediate disqualification.

Participants will also have an opportunity to report any bugs detected, via the Synthetix Discord channel, creating a unique chance to help further optimize the platform.

In addition, the company is offering a separate bug bounty program, rewarding the diligent users who spot significant software glitches, ranging from $10,000 to $1,000 for smart contract bugs, and $300-$1000 for webapp bugs.

This post was written with help from AI.