Hubble Exchange Hosts Trading Competition with $50,000 in Prizes
We’re hosting a mainnet trading competition with over $50,000 in prizes! Traders will stand a chance at winning the $50,000 USDC in prizes and also earn vHubble based on trading volume and open interest. View a full-break down of the vHubble Incentives here.
Alongside this, you’ll also earn:
- Hubble Space Cats
- Arb Opportunities
Duration: 30 days
- Start: Monday September 12, 7:00 AM UTC
- End: Monday October 10, 7:00 AM UTC
How is PnL Calculated?
PnL will be calculated with the following formula for each of the reward pool periods (daily, weekly and monthly):
PnL / Max collateral deposited during the period * 100
USDC or vHubble: The cash prizes can be claimed in USDC or the equivalent vHubble tokens at seed valuation, $0.04 per vHubble.
The rewards are split into 5 categories.
Highest Cumulative PnL
Prize pool: $35k + 46 HSC
- First: $15k + 4 HSC
- Second: $10k + 3 HSC
- Third: $3k + 2 HSC
- 4–10th: $1000 + 1 HSC
- 11th-40th: 1 HSC
Highest Weekly PnL
Prize pool: $10,000 + 44 HSC
$2500 + 11 HSC distributed weekly:
- First: $1400 + 2 HSC
- Second: $800 +1HSC
- Third: $300 + 1 HSC
- 4th-10th: 1 HSC
Highest PnL on an individual trade
The highest PnL trades throughout the competition will receive these prizes. Only trades shared on twitter tagging @HubbleExchange will be eligible for this pool.
Prize pool: $2900 + 5 HSC
- First: $1600 + 2 HSC
- Second: $800 + 2 HSC
- Third: $500 + 1 HSC
Highest Daily PnL
Prize pool: 28 HSC
1 HSC will be distributed daily to the trader with highest daily PnL
Random Daily Rewards
Prize pool: $2100 + 28 HSC
Those who trade more than $1000 in daily volume will be eligible for a ticket in the Hubble lottery. One random trader who fulfils the criteria will be selected daily to earn a prize of $75 and 1 HSC.
Additional Rewards
There will be additional Unique NFT rewards for the most notorious winners… and losers!
A brief recap of the vHubble incentives is described below. For a full-breakdown, see: https://docs.hubble.exchange/ongoing-incentives-for-traders-and-makers-lps
vHubble Incentives for Traders
0.2% of the token supply or 2,000,000 vHubble is allocated towards trading incentives.
- 0.1% / 1,000,000 vHubble in Open Interest Rewards
- 0.1% / 1,000,000 vHubble in Trading Volume Rewards
vHubble Incentives for Makers
0.4% of the token supply or 2,000,000 vHubble is allocated towards those who provide liquidity in the AVAX-PERP vAMM. As a Maker, you also earn trading fees generated from traders too.
