Trading Competition - Launch

To celebrate the launch of Flex Perpetuals, we’re hosting two week-long trading competitions with a total prize pool of $45,000+ in USDC & esFDX!

🔥 First competition kicks off on Feb 19th at 4PM UTC. 📅 The second competition date will be announced soon!

This prize pool is on top of our Trade 2 Earn program (FTC), offering even more esFDX incentives for traders. Don’t miss out—trade, earn, and win big! 🚀 Check out the details here: Trade 2 Earn

🏆 Competition Structure

Each competition lasts 1 week, with two separate leaderboards:

1. Notional Volume Leaderboard – Rewards traders with the highest total trading volume.

2. Best PnL % Leaderboard – Rewards the traders with the highest percentage gains relative to their account size.

Competition 1: 📅 Week 1: Feb 19th (4 PM UTC) - Feb 26th (4 PM UTC) 💰 Total Prize Pool: $7,500 USDC + 3,750 esFDX (~$15K value)

Competition 2: 📅 Week 2: Dates TBC 💰 Total Prize Pool: $7,500 USDC + 3,750 esFDX (~$15K value)

🏅 Leaderboard Prizes

1️⃣ Notional Volume Leaderboard ($5,000 USDC + 2,500 esFDX per week)

• Top 5 traders by total trading volume win:

Place	USDC Prize	esFDX Prize
🥇 1st Place	2,500	1,250
🥈 2nd Place	1,500	750
🥉 3rd Place	500	250
🏅 4th Place	300	150
🏅 5th Place	200	100

2️⃣ Best PnL % Leaderboard ($2,500 USDC + 1,250 esFDX per week)

• Top 4 traders with the highest % PnL win:

Place	USDC Prize	esFDX Prize
🥇 1st Place	1,250	625
🥈 2nd Place	750	375
🥉 3rd Place	300	150
🏅 4th Place	200	100

🎉 Bonus Raffle: Instead of a 5th place winner, we will randomly select one trader who traded at least $10K in volume during the week to win $200 USDC + 100 esFDX!

How to Participate?

🔄 Trade on Flex Perpetuals during the competition period. 📊 Get ranked on one or both leaderboards (Notional Volume & % PnL). 💰 Win big! The more you trade, the higher your chances of winning!

📍 No sign-ups required – just trade & climb the ranks! 📊 Leaderboard updates will be shared throughout the competition.

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Competition Rules

Competition Duration

• Each competition runs for 1 week, from 4 PM UTC on start date to 4 PM UTC on end date.

• You do not need to sign up – all trades on Flex Perpetuals during the competition period automatically count.

Trading & Position Rules

• Only positions opened after the competition period begins will count. Open trades from before the start do not qualify.

• Profits are counted from all positions, including:

  • Fully closed positions

  • Partially closed positions

  • Open positions at the end of the competition (snapshot taken at 4 PM UTC on the final day)

• PnL is calculated in USD, net of all trading fees.

• PnL across all sub-accounts linked to a wallet will be combined.

🌟 PnL % Leaderboard Calculation

The % Return will be calculated using:

🔢 % Return = (Total PnL) / (Adjusted Collateral Value)

Where: 📈 Adjusted Collateral Value = Initial Collateral at the start of the competition + Any deposits made during the competition

💡 A minimum Adjusted Collateral Value of $100 is required to qualify for this category.

⚠️ Fair Play & Disqualification

• Manipulation to influence leaderboard rankings will result in disqualification.

• The Flex Perpetuals team reserves the right to disqualify any trader at their sole discretion if unfair trading activity is detected.