We, the STFX DAO, are excited to announce that we will be releasing our Alpha Version of the product on Arbitrum Mainnet on Monday, October 17th, 2022.
Instead of releasing a Testnet version, we are instead releasing an early version of our product on Mainnet, with Vault sizes capped at a maximum of 200 USDC.
Given the vastly improved liquidity of DDEXs on mainnet rather than testnet, we have decided to forego a testnet launch and instead will test the product “live” on Arbitrum mainnet, with capped vaults in order to minimise the capital at risk. As such, this competition will play an important part in the testing process, as a stress-test of our platform. We have over 60 new integrations, features and improvements to release over the coming sprints, which we look forward to sharing with you.
When?
- The Competition will last exactly one month.
- It will begin on Monday, October 17th, 2022 at 1:00pm UTC time and end on Thursday, November 17th, 2022 at 23:59pm UTC time.
Rules
- Vault Managers can manage 1 trade vault at a time.
- Top 10 highest performing Vault Managers will receive prizes.
- Top 10 Managers will be judged by the sum of PnLs of all the vaults created by the Manager during the month, in absolute $ terms.
- Top 10 highest performing Vault Investors will receive prizes. Top 10 Investors will be judged by the sum of the PnLs of all their investments, in absolute $ terms.
- Minimum investment size is 20 USDC per vault per wallet.
- Maximum investment size is 50 USDC per vault per wallet.
- Maximum vault size is 200 USDC.
- Vault Managers can only manage one Vault at a time.
- Vaults must be closed to affect the Manager Leaderboard standings.
- Investments must be claimed to affect the Investor Leaderboard standings.
Prize Pool
- The Prize Pool will have a minimum of 30,000 USDC.
- The Prize Pool will have a maximum of 100,000 USDC.
- For every unique user investing into vaults on our platform, we will match their invested amount and add it to the prize pool, capped at 100 USDC per unique wallet.
Prizes
Manager Prizes:
Manager #1: up to $15,000
Manager #2: up to $7,500
Manager #3: up to $5,000
Manager #4: up to $4,500
Manager #5: up to $4,000
Manager #6: up to $3,500
Manager #7: up to $3,000
Manager #8: up to $2,500
Manager #9: up to $2,500
Manager #10: up to $2,500
Investor Prizes:
Investor #1: up to $15,000
Investor #2: up to $7,500
Investor #3: up to $5,000
Investor #4: up to $4,500
Investor #5: up to $4,000
Investor #6: up to $3,500
Investor #7: up to $3,000
Investor #8: up to $2,500
Investor #9: up to $2,500
Investor #10: up to $2,500
How to Participate?
To join the STFX Alpha Mainnet Competition you must complete the following tasks:
(1) Join the STFX Discord.
(2) Follow STFX_IO on Twitter.
(3) Begin using the platform anytime from October 17th according to the rules outlined above.
Disclaimer
Our Audit is set to take place in November. Therefore, the contracts used for this Alpha Mainnet Competition are unaudited. Please use the contracts at your own risk. We will keep the community updated as our Audit results come in.
