Based Trading Titans

One Month. $25K USDC + $25k in esFDX Bonuses.

Trade. Climb. Conquer.

With the markets heating up, Flex is dropping its biggest on-chain competition to date — ‘Based Trading Titans’. Over the course of four weeks, traders will battle it out for a share of $25,000 USDC and $25,000 worth esFDX prizes. With weekly spotlights on select assets and volume multipliers, this is your chance to win big on Flex. Leaderboard is live - https://dune.com/flexperps/flex-based-trading-titans-competition

📅 Competition Timeline

  • Start Date: Thursday, 22nd May, 2025, at 00:01 UTC

  • End Date: Thursday, 19th June, 2025, at 00:01 UTC

  • Duration: 4 weeks

💰 Prize Pool Breakdown

  • Total Potential Prize Pool: $25,000 USDC + $25,000 of esFDX bonuses

  • Guaranteed Prize Pool: $15,000 USDC + $15,000 of esFDX bonuses

  • Volume Milestone Bonuses: An additional $1,250 USDC & esFDX will be unlocked each week if the total trading volume exceeds $150 million and a further $1,250 USDC & esFDX will be unlocked each week if the total trading volume exceeds $200 million, up to a maximum of $10,000 USDC.

🏅 Weekly Prizes (Per Week)

Guaranteed Base Weekly Prizes:

  • 🥇 Top Volume Trader: $1,000 USDC + $1,000 of esFDX

  • 🥈 2nd Volume Trader: $600 USDC + $600 of esFDX

  • 🥉 3rd Volume Trader: $400 USDC + $400 of esFDX

  • 📈 Top % PnL Trader: $300 USDC + 300 of esFDX

  • 🎁 Random Draw (for traders with >$1M volume): $200 USDC + $200 of esFDX

Bonus Prizes (Unlocked if Total Platform Weekly Volume > $150M):

  • 🥇 Top Volume Trader: +$600 USDC + $600 of esFDX

  • 🥈 2nd Volume Trader: +$275 USDC + $275 of esFDX

  • 🥉 3rd Volume Trader: +$175 USDC + $175 of esFDX

  • 📈 Top % PnL Trader: +$150 USDC + $150 of esFDX

  • 🎁 Random Draw: +$50 USDC + $50 of esFDX

Bonus Prizes (Unlocked if Total Platform Weekly Volume > $200M):

  • 🥇 Top Volume Trader: +$600 USDC + $600 of esFDX

  • 🥈 2nd Volume Trader: +$275 USDC + $275 of esFDX

  • 🥉 3rd Volume Trader: +$175 USDC + $175 of esFDX

  • 📈 Top % PnL Trader: +$150 USDC + $150 of esFDX

  • 🎁 Random Draw: +$50 USDC + $50 of esFDX

🏆 Overall Competition Prizes (Combined performance over 4 weeks)

  • 🥇 Top Overall Volume Trader: $2,000 USD + $2,000 of esFDX

  • 🥈 2nd Overall Volume Trader: $1,250 USDC + $1,250 of esFDX

  • 🥉 3rd Overall Volume Trader: $750 USDC + $750 of esFDX

  • 📈 Top Overall % PnL Trader: $500 USDC + $500 of esFDX

  • 🌟 Random Draw: $500 USDC + $500 of esFDX

⚡ Weekly Asset Spotlights

Each week, a specific asset will be in the spotlight, offering a 1.5x volume multiplier for trades involving that asset. This means your trades on the featured asset will count 50% more towards the volume leaderboard.

  • Week 1: Solana (SOL)

  • Week 2: TBC

  • Week 3: TBC

  • Week 4: TBC

Stay tuned to our channels for weekly announcements on the featured assets.

📈 Leaderboards

Two leaderboards will run concurrently:

  1. Notional Volume Leaderboard: Ranks traders based on total trading volume.

  2. Best % PnL Leaderboard: Ranks traders based on the highest percentage gains relative to their account size.

Note: Traders can appear on both leaderboards and are eligible for prizes in both categories.

✅ How to Participate

  1. Trade on Flex Perpetuals: All trades during the competition period automatically count — no separate registration required.

  2. Climb the Leaderboards: Engage in high-volume trading and aim for profitable strategies to rise in the rankings.

  3. Win Prizes: Top traders in each category will receive USDC and esFDX rewards.

📜 Competition Rules

  • Eligibility: All users trading on Flex Perpetuals during the competition period.

  • Trade Counting: Only positions opened after the competition start time will be considered.

  • PnL Calculation: Includes all open, partially closed, and fully closed positions, calculated in USD net of fees.

  • % PnL Calculation: 1. % Return = (Total PnL) / (Adjusted Collateral Value) 2. Adjusted Collateral Value = Initial Collateral + Deposits during the competition 3. Minimum Adjusted Collateral Value to qualify: $100

  • Sub-Accounts: 1. Sub-accounts can be used and will count towards your notional volume total. 2. Hedging across sub-accounts is permitted and considered a valid strategy.

  • Fair Play: Any attempts to manipulate trades, artificially inflate volume, or exploit platform mechanics will result in disqualification at the discretion of the Flex Perpetuals team.

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