Register Now for Gravity DEX Testnet Competition
Calling all traders! Registrations are now open for the Gravity DEX testnet competition with a $200,000 prize pool on the line. Swap, pool, and arb with the best, and help bring interchain DeFi one step closer to Cosmos. Signup now.
Gravity is the most advanced interchain DEX in the world. It uses the Inter-Blockchain Communication (IBC) protocol, by enabling swaps and pools of digital assets between any two blockchains within the Cosmos ecosystem or beyond. Gravity also achieves superior efficiency compared to other AMMs due to its groundbreaking Equivalent Swap Price Model.
The testnet competition is a way for traders to familiarize themselves with the platform while also stress-testing Gravity under near-market conditions prior to its mainnet launch.
The competition runs from May 4 to May 11 with prizes awarded by May 18. Each participant will receive testnet tokens totalling 10,000 USD in ATOMs and 10,000 USD each in 3 randomly selected assets from our Cosmos sponsors and other Ethereum tokens.
During the competition, participants can:
- Deposit tokens into pools to earn rewards
- Trade tokens with the aim of maximizing their return
Participants are scored on both their activity and simulated earnings. A leaderboard will rank participants throughout the competition, and at the end, the top 1/3rd of participants will be awarded prizes proportional to their final ranking. The $200,000 prize pool includes 4,000 ATOMs plus $10,000 USD each in 10 sponsored assets from the Cosmos ecosystem, including:
- REGEN NETWORK (REGEN)
- BITSONG (BTSG)
- SENTINEL (DVPN)
- PERSISTENCE (XPRT)
- AKASH (AKT)
- TERRA (LUNA)
- E-MONEY (NGM)
- CYBER (GCYB)
- IRIS (IRIS)
- AGORIC (RUN)
There are an additional 1,000 ATOMs available for bug bounties and economic exploitation bounties. Prizes will be awarded based on an assessment of each report.
To register, participants will need to provide their Cosmos testnet address for trading activities, and their Cosmos Hub mainnet address to receive prizes.
Sponsored prizes will be distributed to each winner’s address on their native network created by the same mnemonic (private key) used for Cosmos Hub mainnet address for ATOM prize distribution. So, please keep your mnemonic (private key) safe!
Join the future of DeFi and register by April 30 in order to participate in the Gravity DEX testnet competition. Signup now.
Gravity DEX, brought to you by Tendermint.
