As a leading Synthetix integrator, we're pleased to announce our participation in the Synthetix Perps V3 Trading Competition. It starts on October 2nd on the Base Testnet.

As part of the competition, Synthetix is offering a prize pool of $15,000 worth of SNX, 15 Kwenta tokens, and exclusive NFTs thanks to the SNX grants council.

Synthetix Perps V3 Testnet Trading Competition Details:

The competition will begin on October 2nd. The winners will be selected based on their trading performance, with the highest returns taking the largest rewards:

1. 1st place: $5,000 SNX + 5 Kwenta tokens

2. 2nd place: $2,500 SNX + 4 Kwenta tokens.

3. 3rd place: $1,000 SNX + 3 Kwenta tokens.

4. 4th place: $500 SNX + 2 Kwenta tokens.

5. 5th place: $500 SNX + 1 Kwenta tokens.

6. 6th-10th place: $500 SNX.

Other rewards will be handed out to select trade actions that will be announced after the competition.

How to Participate in the Trading Competition:

1. Connect your wallet to the Base Goerli testnet (https://chainlist.org/chain/84531).

2. Visit the perps v3 Kwenta frontend

   https://v3-perps.kwenta.io/

3. Place trades on the Kwenta V3 testnet integration between:
   - Start time: 1696287600 (Oct 2nd 5 pm UTC)
   - End time: 1698037200 (Oct 23rd midnight UTC)

4. Winners will have their prizes distributed directly to the participating wallet at the end of the competition period.

Bug Bounty Prizes:

Synthetix will be paying bug bounties based on the levels set on Immunefi but discounted by 90%.

Smart Contract

1. Critical - $1,000-$10,000

2. High - $5,000

3. Medium - $1,000

Webapp

1. Critical - $300-$3,000

2. High - $1,000

Learn more about the Synthetix Bug Bounty Program on Immunefi: https://immunefi.com/bounty/synthetix/

Competition Scoring

Traders’ PnL will calculate and ranked in the primary leaderboard.

Competition Rules

• No transferring balances between wallets or trading accounts. Any transfers of collateral will disqualify your address from the rewards pool.

• Traders can trade anytime between the start date of Oct 2nd at 5 pm UTC and the competition end date of Oct 23rd at midnight UTC.

To prevent sybiling, we have removed addresses from the original signup forms with duplicate emails, discord handles, or network IDs at signup.

Synthetix Perps V3 Mainnet Release

The Mainnet release of Synthetix Perps V3 is projected for the subsequent months, offering the full suite of Synthetix V3 features. Stay connected with our community on the Kwenta Discord and through Twitter.

Join the Kwenta Community

If you haven't already, join the Kwenta community on Discord.

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To trade synthetic assets and futures, visit Kwenta.