Retail

For Season 2, 200,000 points per week will be distributed every Friday. The points will cover activity from Wednesday (inclusive) through Tuesday (inclusive).

Some of the categories that affect how points are distributed include:

• Volume

• Open Interest

• Fundings

• Liquidations and Deleverages

• PnL

There are also scaling factors that favor traders with higher trading quality, depending on the category.

Notes:

• Having a premium account impacts the weight of the metrics.

  • — this is not necessarily the case — but PnL generated by premium accounts may receive more points.

• Some categories are separated per market, while others are applied globally.

• Some categories are evaluated daily, while others are evaluated weekly.

• Points are not necessarily distributed linearly with respect to the metric.

  • For example, 2× the volume will not always yield 2× the points; it may result in 3× or 1.5× the points.

  • Note: this extends beyond the volume metric.

• Markets are not weighted equally.

  • For example, $100 in volume on BTC does not yield the same number of points as $100 in volume on HYPE.

  • Note: this extends beyond the volume metric.

• Intentionally losing money or getting liquidated will not be beneficial.

Sybil Detection & Farming

We apply different sybil detection methods, both fully automated and semi-automated, to detect sybil accounts. We allow up to 10 accounts per user without penalty, as we understand that some people choose to maintain multiple accounts for risk management (for example), and that’s acceptable.

We’ve made an announcement on Discord regarding Self-Trading. As mentioned in the announcement, we want to protect a level playing field and keep the platform healthy for all participants.

We use various metrics to detect farming and sybil activity, which will not be disclosed here so as not to encourage their exploitation.